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During the Spring Festival, the domestic soybean market's buying and selling activities are expected to stagnate, and prices are expected to have support after the holiday.
During the long holiday, domestic soybean operators shut down and took a break, and market buying and selling stalled. The purchase price of domestically produced soybeans remained stable. On February 23, the purchase price of 39% protein soybeans in Northeast China was 4,180 to 4,280 yuan/ton, unchanged from before the holiday. After the holiday, market participants generally have replenishment needs, and it is expected that the price of domestically produced soybeans will remain supported in the short term. During the Spring Festival, frequent changes in U.S. tariff policies increased uncertainty in the international soybean market. Attention is on the progress of China-U.S. economic and trade relations. (National Grain and Oil Information Center)