The price of soybeans continues to rise, the momentum is strong, and there is a lot of room for further growth.

Today, looking back and forth on this issue, the uncertainty has become much less. It is clear that the soybean market price this year is certainly higher than that of last year, and there should be a good price. Last year, the soybean harvest price was basically 1.6-1.7 yuan per jin, but now it is basically stable at 1.75 yuan per jin. And from the current news point of view, this price is not the end, there will be room to rise in the future.

First of all, Sino-US trade problems have been affecting market prices since April this year. Affected by the news, domestic soybean prices rose for a time. In mid-June, China officially announced that it would impose a 25% tariff on American soybeans. According to calculation, the price of American soybeans arriving in Hong Kong will reach 4125 yuan per ton, which has already exceeded the local soybean prices in China.

While China imports 34 million tons of soybeans from the United States every year, the amount is huge, and looking at the soybean output of countries around the world, it can be said that it is difficult for other countries to replace such a huge amount of soybeans, although the soybean output of Brazil is as high as more than 100 million tons. however, it has transported more than 50 million tons to our country, and it is also very difficult to increase the output. Not to mention Argentina, which produces only 50 million tons. In other words, it is very possible that the supply of soybean in China will be relatively tight in the future.

As far as the demand for soybean is concerned, the demand for soybean is also very strong. According to the data in recent years, the demand for soybean in China is increasing every year. Take the import data as an example, from the initial tens of millions of tons per year to nearly 100 million tons per year now, it can be said that the demand for soybean in China is gradually increasing, which is closely related to the continuous increase in the production capacity of China's soybean processing industry.

Now that China's soybean industry is overly dependent on imported soybeans, the government has also noticed the problems in this respect. This year, it has not only increased soybean planting subsidies, but also issued soybean expansion planting plans for various localities to increase soybean planting area to ensure China's soybean demand.

It should be said that this year, both the government and the market market have formed effective support for soybeans. Under the current situation that the demand for soybeans in China has increased while the supply has declined, I believe that soybeans in China will have a good price this year.

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