Soybean Update!Provincial reserves intervene in the market!But soybeans face two major hidden dangers!
New progress in the entrusted purchase of provincial soybean reserves.
The soybean market in the Northeast region has been sluggish recently, mainly due to the continuous soybean purchases at the base. Here's the good news, though. After the end of the purchase of soybeans from the state reserves, the soybeans from the provincial reserves began to be purchased. According to the latest announcement, Jilin Fuyu Grain Reserve Station will begin to purchase soybeans from provincial reserves. The planned quantity of this purchase is 7,000 tons, and the requirements for the purchase of soybeans are new grains in the province for the autumn harvest of 2023, and the quality standard is above 2 45 Sifted liquid grain, moisture 13. The acquisition** is 5080 yuan tons, equivalent to 254 Jin Yuan.
This is undoubtedly good news for food farmers. Earlier, a number of state reserves announced that their warehouses would be full, which means that farmers may find it difficult to sell grain in the absence of active market purchases. However, the behavior of provincial reserves will continue to maintain purchases and reduce the pressure on farmers to sell grain. At present, only Jilin has carried out provincial reserve acquisition, and it is expected that Heilongjiang and Inner Mongolia will also start provincial reserve acquisition one after another, taking on the important task of national reserve acquisition. However, despite the current momentum of provincial reserve purchases, there are still two risks in the soybean market, which we need to be clearly aware of.
Two major risks to the soybean market.
First of all, from the previous purchase price of the state reserve to the current purchase price of the provincial reserve, it can be seen that this year's regulation of soybean ** support at this price, about 2$5 range. In particular, after the announcement of the purchase price of the provincial reserve, it was further confirmed that the shipments were basically purchased in this ** range. Therefore, we cannot expect the regulator to raise the soybean market**. The current ** has been relatively stable.
Secondly, the procurement of state reserves is coming to an end, and the procurement of provincial reserves is beginning to increase, but the number of reserves is limited. As the acquisition continues, the capacity of the warehouse will gradually become saturated. If the reserve purchase ends and the market-oriented purchase stage is fully entered, the grain farmers will inevitably face the highest pressure and difficulties in selling grain. Therefore, I strongly recommend that if you still have soybeans on hand, especially soybeans with low protein content, you can take advantage of the reserve purchase period, which is more secure, otherwise, in the market, it may not match your expectations, and it will be more difficult to sell grain.
Market Perspectives. Soybeans are one of the most important agricultural products in the country and are directly related to farmers' incomes. While there are some uncertainties and risks in the current market, there are also some positive factors for farmers to consider. In recent years, China's soybean production has grown steadily and demand has been increasing. As China's agricultural modernization accelerates, the demand for soybeans is expected to increase. At the same time, with the continuous increase of national support policies and subsidies, the yield of soybean planting is also expected to increase.
Farmers should pay attention to the sensitivity of market information and keep abreast of market dynamics. When choosing planting varieties and agricultural input directions, rational decisions should be made according to market demand and political orientation. In addition, it is also necessary to actively participate in agricultural cooperatives, agricultural professional cooperatives and other organizations to jointly take measures to solve the problem of farmers' marketing, and strengthen cooperation with soybean companies to jointly promote soybean processing and marketing.
In terms of market prospects, I personally believe that crop diversification and precise management are important ways for farmers to achieve higher profits in the future. In addition to soybeans, farmers can also moderately develop other cash crops, fruits and vegetables, etc., to reduce the market risk of a single agricultural product and add more profits to agricultural operations**. At the same time, precise management can also improve agricultural production efficiency, reduce the use of pesticides and fertilizers, improve land utilization, and achieve sustainable agricultural development.
In conclusion, the latest developments in the soybean market deserve special attention from farmers. Despite some risks, the market outlook remains positive. Farmers should flexibly adjust their business strategies according to the market situation, seize opportunities, and improve their competitiveness and profitability.