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Spot market closed, Northeast region domestic soybean prices stable
As the Lunar New Year approaches, soybean purchasing and sales in Northeast China are winding down, with some areas seeing sporadic transactions and overall trading remaining quiet. Traders are gradually entering holiday mode, holding their stocks and watching the market after the New Year. Oil mills are gradually shutting down, and the spot market has entered a closed phase, with prices remaining stable. On February 10, the purchase price for 39% protein soybeans in Northeast China was 4,180 to 4,280 yuan per ton, unchanged from the previous day and the same period last week. (National Grain and Oil Information Center)