This week domestic soybean futures prices pulled back from highs

The domestic soybean futures prices showed a strong trend before and after the Spring Festival. After reaching a high of 4,794 yuan/ton this week, funds took profits, and prices retreated, giving back the gains. On March 3, the main contract of Dalian Commodity Exchange’s soybean futures closed at 4,623 yuan/ton, down 61 yuan/ton or 1.30% from the previous trading day, down 171 yuan/ton or 3.57% from the recent high on March 2, and down 10 yuan/ton or 0.22% from the same period last week. (National Grain and Oil Information Center)

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