Domestic soybean production faces early frost**

The China Meteorological Administration predicts that early morning frost will occur in some parts of Northeast China on September 7-8, and domestic soybean production is threatened, which has a certain positive impact on the market. Under the current background of uncertainties in China-US soybean production and inflationary pressures, Dalian soybean will maintain its high level in the short term.

According to the China Meteorological Administration, due to the influence of cold air moving eastwards, in the next three days, temperatures in parts of the northeastern northwestern region, most of Inner Mongolia, northeastern China, northern North China, etc., will gradually drop by 4-8°C. It can reach above 10°C; there are some sandstorms or sandstorms in parts of the southern Xinjiang Basin; in the morning of the 7th, initial frosts will appear in parts of northeastern Inner Mongolia and northern Heilongjiang. The cooling brought by the cold air may have an adverse impact on the growth of soybean crops in the Northeast and North China.

Due to the low temperature and rainy conditions during the Spring Festival this year, the soybean planting time in Heilongjiang Province has generally been delayed by more than 10 days compared with previous years. Although recent field surveys in Heilongjiang indicate that the growth of soybeans is good in all regions, the delay in planting period has resulted in the mature period in some regions. Continuing, at present, Heilongjiang soybeans are still in the grain filling stage. The appearance of early frost will cause the crops to stop grouting. The phenomenon of blue grains is common and reduces the quality and yield of soybeans. The market needs to pay attention to the scope of frost occurrence. If the scope is relatively large, Heilongjiang soybean production will increase. Affected greatly, it has potential support for domestic soybean market prices.

At present, the Sino-US soybean harvest in 2010 is imminent, and the seasonal pressure of high-yield market has faced ample capital-side resistance in the market. Soybeans at home and abroad are operating at high levels. As time passes, US soybean production is gradually clearing. Despite good crop yields and good crop yields, drought and sudden deaths in parts of the Midwest continue to worries about future soybean supply, especially given the strong demand for soybeans. . The US Department of Agriculture is about to announce the supply and demand report for September. The market expects the report soybean production data may also be reduced accordingly. And the current market excess liquidity, soybean production uncertainty to attract speculative funds temporarily remain in the CBOT soybean market long position pattern, is expected to report in September before the CBOT soybeans will remain strong, and thus will provide support to the domestic soybean market. At present, the risk of early frost in domestic production areas will also increase potential benefits for the domestic soybean market. Dalian soybeans will also remain high in the short term. However, it is still doubtful whether the US soybeans can break through the previous highs in the light of the supply prospects and seasonal pressures. At the same time, there is sufficient domestic supply and there is demand for curbs in the State Reserve Bank of Chendou. Whether or not the new beans are listed in the pre-listing countries will make the market cautious. The high risk of Dalian soybean market chasing up remains.