News summary

Corn prices in Northeast and North China have increased across the board. Consumption in the new year is expected to increase by 1% year-on-yearplaytoearncryptogamesios.6%playtoearncryptogamesios, demand for deep processing and feed is growing. Supply and demand in the corn market are balanced, the purchase price has strong bottom support, and there is limited room for decline.

Newsletter text

[Corn prices in North and Northeast China have risen sharply]

Corn prices in Northeast China and North China rose significantly this week, and purchasing and purchasing policies injected new energy into the market.playtoearncryptogamesiosvitality.

[Supply side corn sales are coming to an end]

Grassroots corn sales in Northeast China are clear, with a trend of more than 90%. Traders hold a firm attitude towards high-quality corn, and market supply appears to be tight. The amount of surplus grain in North China is also decreasing, trading entities have reduced their purchase and sales of corn, and spot supplies have tightened.

[Demand side corn consumption continues to grow]

Forecasts show that corn consumption in the new year will increase to 299.64 million tons, and demand for deep processing and feed markets will increase. Enterprise operating rates remained high, and domestic corn consumption increased by 31% year-on-yearplaytoearncryptogamesios.39 million tons, the operating rate of starch companies increased by 17.36 percentage points year-on-year, and corn demand showed a significant growth trend.

[Feeding demand remains stable]

Although pig production capacity has been reduced and corn demand has dropped slightly, feed companies have continued to need procurement. During the listing of Xinmai, wheat prices were sluggish, and feed companies waited and saw, but the demand for corn was still huge. Breeding companies have bullish expectations for pig prices in the second half of the year, and corn demand may increase further.

[Supply and demand in the corn market tend to be balanced]

Market supply and demand are gradually balanced, corn purchase prices have gained bottom support, and there is limited room for price downside.