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Heavy pressure on summer corn fertilizer sales, late spring cold snap has limited impact
Focus this week: Since April, affected by cold air, some areas of our country have experienced a late spring cold snap. As to whether this affects agricultural input sales, reporters separately surveyed some grassroots markets in Hebei, Anhui, Shandong and Henan and learned that although the late spring cold snap delayed the start of this season's market,
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Domestic corn temporary storage auction caught in a strange trap: only 5% sold
Corruption incidents at some grain depots in Northeast China. Recently, CCTV reported that some grain depots in Liaoning and Jilin provinces, during the process of policy-based grain procurement, storage and sales out of warehouses, engaged in practices such as passing off old grain as new grain and maliciously pocketing price-difference subsidies. So how do grain depots operate to achieve
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China's corn imports in March fell 91.61% month-on-month
China's corn imports in March fell 91.61% month-on-month. Customs data: in March, China imported 50,600 tons of corn, down 91.61% month-on-month and up 5.05% year-on-year. Total imports from January to March were 123.29, up 4.59% year-on-year; in March 2015, China imported 152,238 tons of wheat, down 71.75% year-on-year. From January to March, imports of
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How can corn planting be adapted to local conditions? The ecological conditions in the Southwest region are complex
Editor's note: The ecological conditions in China's Southwest region vary greatly, which also causes large variations in the growth period of corn. The Southwest corn region includes Sichuan, Yunnan, Guizhou, Chongqing, southern Shaanxi, Guangxi, the western hilly areas of Hunan and Hubei, and a small part of Gansu Province. It is
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Corn auction volume surges 9-fold this week compared with last week
According to an official Chinese website, China will auction 3.4 million tonnes of state reserve corn this week, 9 times higher than last week's volume, of which 3 million tonnes come from the three northeastern provinces and Inner Mongolia. China began auctioning state reserve corn in April this year, one month earlier than last year
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334.77 million tons of state reserve corn to be auctioned this week
3.3477 million tons of state reserve corn to be auctioned this week. China will auction 3.3477 million tons of state reserve corn this Thursday and Friday, 9 times the amount of last week, of which 2.484 million tons come from Heilongjiang. To stimulate domestic corn consumption demand, China has also raised subsidies for corn processing plants
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China's out-of-quota corn imports carry high risks
Although the widening price gap between domestic corn and the international market has made full-tariff corn imports more attractive, analysts point out that out-of-quota imports carry significant risks, mainly because domestic corn stocks are huge, and auctions of state-reserve corn could narrow the price gap between domestic and international markets.
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Corn prices have already entered a long, drawn-out bear market, and the downward trend is unlikely to reverse in the short term
Since June, domestic corn futures prices have shown an accelerating downward momentum, and the monthly chart of the corn main 1601 contract even posted 6 consecutive declines, showing that corn prices already have bear market characteristics. Under the heavy pressures of adjustment to the stockpiling policy, massive inventory buildup, the new-season corn coming to market, and sluggish demand,
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Industry Viewpoint: Short-Term Corn Prices Will Run Weak
Industry data monitoring shows that since mid-July, corn prices in North China had already seen a slight decline. Entering August, prices fell off a cliff, and the subsequent short-term rebound did not last long. The industry calls this a "continuous plunge" in corn prices, and the corn price-cutting storm is sweeping across the country. Corn
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Northeast China corn temporary storage purchase meets lower grain prices, farmers reluctant to sell and taking a wait-and-see approach
On the 1st, the three northeastern provinces launched the 2015 national temporary storage corn purchase policy. Reporters saw at some purchase depots that autumn grain purchase funds were already in place, but few farmers had come to sell corn. Because the corn temporary storage price was lowered, farmers' income from selling grain decreased, and the price signal accelerated the adjustment of planting structure.
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