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Lowered Temporary Corn Reserve Price: Farmers Should Not Bear the Entire Pain of Reform
Reform is necessary, and adjustment is necessary, but the pain of reform and development cannot be borne entirely by farmers. Grain is, after all, a special commodity; when farmers grow grain, it is itself a responsibility and contribution to national food security, and the cost of market fluctuations cannot
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Long-term trends in China's corn market look positive as industrial policy reforms keep improving
On September 17, the 8th International Corn Industry Conference, jointly held by the Dalian Commodity Exchange and the China Feed Industry Association, opened in Wuhan, Hubei Province. With the theme of innovating risk management and helping transformation and upgrading, the conference aimed to build a platform for information sharing and communication
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Lower corn prices support a rising pig-to-grain ratio, potentially squeezing room for price increases
The National Development and Reform Commission recently released data showing that the national pig-to-grain price ratio has declined somewhat. On September 30, the pig-to-grain ratio was 7.82, down 0.89% from September 23. Jiang Chao, a macro bond researcher at Haitong Securities, believes that the current pig-to-grain ratio remains around 8, far above the break-even line of 6, which
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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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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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Corn temporary storage price cut for the first time in 7 years, many farmers holding onto their grain and waiting
In 2014, the state launched a pilot program of target price subsidies for soybeans in Northeast China and Inner Mongolia and for cotton in Xinjiang, abolishing the original temporary storage policy and letting the market determine the prices of these two types of agricultural products. Just one year after this policy was piloted, the
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Major Corn Policy Adjustment Promotes Rebalancing of Supply and Demand
On November 2, the Ministry of Agriculture issued the "Guiding Opinions on Corn Structure Adjustment in the 'Sickle Bend' Region," noting that at present, China's total grain supply and demand are balanced, but structural contradictions are becoming increasingly prominent. Affected by factors such as slowing growth in domestic consumer demand and the impact of imports of substitute products
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Latest corn price updates: slight adjustments in domestic port areas
The corn loading price at Dayaowan and Beiliang Port in the Dalian area is 1980-2000 yuan/tonne. A trader at Bayuquan Port purchases corn at a mainstream port arrival price of 1920-1930 yuan/tonne; the loading price is 1980-2000 yuan/tonne, moisture within 14.5%, test weight 720. In the Jinzhou Port area, moisture 15
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North China corn prices lack momentum for further gains
The comprehensive launch of temporary corn stockpiling purchases in Northeast China, although the purchase volume is limited, has still provided considerable support to the market, especially exerting a major influence on farmers' sentiment about selling grain, indirectly affecting short-term supply and demand and market price trends. At present, the rebound in North China has already reached a certain extent.
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