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Industry View: Domestic Corn Prices Weaken
Last week (September 25 - October 9), domestic corn prices generally fell, North China continued to seek a bottom, and Northeast China saw scattered opening of purchases. Northern ports fell sharply, while southern ports consolidated at low levels. Looking ahead, corn in Northeast China has not yet been listed in large quantities, and there are few purchasing entities, so prices are expected to continue falling later. In North China, because of the recent large declines, the pace of the corn price drop has slowed slightly in the past few days, and a wait-and-see mentality in the market has risen slightly, but before the pressure from Northeast grain listings gradually strengthens and temporary storage purchases have yet to begin, North China corn prices are still expected to continue weakening.
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He never worries about selling his grain. How did he do it?
Although corn purchase prices are currently low and ordinary farmers are finding it hard to sell their corn, Li Bo, a large-scale grain farmer in Cheng'an County, Hebei Province, has no trouble selling his corn. Li Bo, who farms with an "industrial mindset," said with a smile: "My corn quality is among the best in the surrounding area, and the yield is both high and good, so big companies buy directly from me."
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Corn Purchasing and Storage Policy Loosens After 8 Years, New Wording for Price Reform
On October 15, the government issued the "Several Opinions of the Central Committee of the Communist Party of China and the State Council on Advancing Price Mechanism Reform" (hereinafter referred to as the "Opinions"), to accelerate the improvement of a price mechanism mainly determined by the market. The "Opinions" pointed out that the price mechanism is the core of the market mechanism, and market-determined pricing is the key to the market playing a decisive role in resource allocation.
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China's grain reserves are the world's highest, yet the situation is as precarious as a pile of eggs
The price of corn has fallen. In 2015, the listed purchase price for the state temporary corn reserve (national standard third-class quality standard, the same below) was 1 yuan/jin. Last year's price was above 1.11 yuan per jin, with slight differences among regions: 1.13 yuan/jin in Inner Mongolia and Liaoning, 1.12 yuan/jin in Jilin, and 1.11 yuan/jin in Heilongjiang.
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Pain points in the corn deep processing industry urgently need to be resolved
The corn deep processing industry is in dire straits. In August this year, in order to reduce the pressure of corporate losses, most starch processors, including COFCO, Yihai, and Pengcheng Biochemical, began shutting down and cutting production, and most are currently either fully or half shut down. According to statistics, Hei
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Low corn prices and severe oversupply benefit downstream industries such as cane sugar
China Securities Network News (trainee reporter Jin Jiajie) Since the second quarter of this year, corn prices have plunged all the way into a bear market. After the afternoon opening, the decline in the main corn futures contract 1605 continued to widen, with the price falling below 1800 yuan/ton. Compared with the highest price of 2500 yuan/ton in March this year, this contract has already fallen by nearly 30%. International
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Wheat, Corn and Other Grain Prices Are Falling: How Can the Plight of Grain Farming Be Solved?
The Shandong Academy of Agricultural Sciences recently held a training session on the "two-deep, one-shallow" simplified cultivation technique for wheat in Matou Town, Dongming County. Photo by Cao Fengqin. Falling grain prices have once again dampened farmers' enthusiasm for growing grain. They have also had a negative impact on land transfers and large-scale operations, with signs even emerging of contractors withdrawing from leased land.
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Temporary Corn Storage Price Cut: Should Corn Be Planted Next Year?
This year, the temporary corn storage price was cut for the first time, and grain farmers face the worry of a bumper harvest. A reporter went to Dunhua, Jilin to investigate - Should corn still be planted next year? ■ With domestic and international prices inverted and inventories piling up, adjusting the temporary corn purchase and storage policy is imperative ■ Policy adjustments should balance the interests of all parties and let corn prices gradually return to the market
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The temporary corn storage policy in Northeast China must be implemented well, and enterprises should be encouraged to actively enter the market to purchase.
Since the beginning of this year, against the backdrop of ample domestic corn supply, weak industrial demand, and increased imports of substitutes, the domestic corn market has generally operated weakly, and in the second half of the year corn market prices have shown a continuous downward trend. On September 17, the state announced this year's corn
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Corn output up, price down, growing grain no longer profitable: large operators break contracts and abandon farmland after land transfer
The national autumn harvest is nearly complete. As the main autumn harvest crop, this year's corn output will rise again, but farmers in the main producing areas who are welcoming the bumper harvest are hardly happy. Reporters from Economic Information Daily learned in interviews in Hebei, Jilin and other provinces that the current corn purchase price is significantly
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