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Rising Risk of Corn Price Pullback, Tight Supply of High-Quality Grain May Ease
Since June and July, corn futures prices have risen sharply, driven by drought weather and tight supply of high-quality grain, with the near-month 1409 contract showing the most pronounced trend. In the short two months to the end of August, corn 1409 rose about 14.58%, and 1501 rose about 4.35%. The earlier rapid
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Rising Risks for Corn as Prices Face a Pullback; Tight Supply of High-Quality Grain May Ease
Since June and July, corn futures prices have risen sharply, driven by drought weather and tight supply of high-quality grain. Among them, the nearby 1409 contract showed the most obvious trend, with corn 1409 rising about 14.58% and 1501 rising about 4.35% in the short two months to the end of August. The earlier rapid rise in corn futures prices
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New corn is not far from hitting the market, wheat hard to make a splash as feed
The listing of new-season corn is just around the corner, and corn prices are beginning to show signs of downward pressure, the proportion of wheat used as feed substitute will further decrease in the future, and energy feed is likely to return to the "corn-dominant" era. Domestic corn prices remain firm, with supply tight in most regions
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Good varieties are the key for seed companies to grow bigger and stronger
The corn seed industry has advanced by leaps and bounds in recent decades, reflected in the continuous expansion of corn planting area. From less than 200 million mu in the early days after Liberation, it hovered at the 200 million mu level for 30 years, broke through 300 million mu in the 1990s, and remained at this
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Corn seed industry landscape ushers in change, industry development stands at a crossroads
A comprehensive perspective on the corn seed market. Looking across the development of China's corn seed industry, it presents the following characteristics: (1) From the perspective of market size, the corn seed market has grown rapidly, with a 9-year compound growth rate reaching 13.8%; (2) From the supply and demand side, oversupply has become the norm in the corn seed industry;
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Corn prices rise to 1.35 yuan, a rare surge in a decade
Recently, a sharp rise in the price of a single kernel of corn is producing rather far-reaching effects across many downstream sectors. In May and June of this year, corn in the Dalian area was still 1.05 yuan to 1.1 yuan per jin, but now it has risen to around 1.35 yuan. Such a high price for corn is, at least in the most recent
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Corn planting area may hit a new record high, seed industry enters a new round of prosperity
Recently, the industry publication Oil World in Hamburg, Germany, stated that because farmers switched to planting corn, China's soybean planting area will decrease by 7% this year, dropping to the lowest level in 22 years, while the corn planting area may increase to a record level. This year, both corn output and imports will
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Who is the driving force behind the increase in China's corn imports?
In July this year, China's corn imports reached 86,000 tonnes, up 217% month-on-month and up 18% compared with the same period last year. In recent years, corn imports have climbed steadily, showing explosive growth since 2010, jumping from 83,000 tonnes in 2009 to 1.572 million tonnes, an increase of nearly 18 times year-on-year.
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Corn price-support purchases have become a double-edged sword, and the purchase price is the key
As China's corn enters the harvest season, the issue of temporary state reserve price-support for corn has once again become a focus of attention in the industry. Although the industry has different views on the temporary reserve price-support, in the face of the current situation of overproduction of corn in China, the temporary reserve is still an important means of resolving the quantitative contradiction.
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Divergence between domestic and international corn prices forces adjustment of the temporary corn storage policy
Today, the domestic corn market has clearly shown a "three highs" pattern, that is, the highest output, the highest inventory, and the highest price market, and the domestic corn price has diverged severely from the international market corn price. Liu Hanyuan, Chairman of the Board of Tongwei Group
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