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Substitute products concentrated at ports; corn prices may struggle to rise further
In the 2014/2015 year, the additional imports of sorghum, barley and DDGS were basically used to replace corn. If the substitution ratios are calculated at 0.91, 0.78 and 0.6 respectively, the additional substitution consumption of corn was 4.3 million tons. According to shipping schedule forecasts, in the second quarter imported sorghum, barley and DDGS will still
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Widening corn price gap at home and abroad may accelerate corn imports
Analysts say that as international corn prices tumble sharply, the price gap between China's domestic corn prices and the international market has widened further, making full-tariff imports more economically viable, and China's corn imports are expected to grow. China is the world's second-largest corn
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11 major corn-producing regions have purchased a cumulative total of 130.46 million tons of newly harvested corn.
The State Administration of Grain announced on the 6th that as of April 30, grain enterprises of various types in 11 major corn-producing regions including Heilongjiang and Jilin had purchased a cumulative total of 130.46 million tons of newly harvested corn, an increase of 14.44 million tons over the same period last year. According to statistics, as of April 30, grain enterprises of various types in 14 major mid-to-late indica rice-producing regions including Hubei and Anhui had purchased a cumulative total of 28.21 million tons of newly harvested mid-to-late indica rice, a decrease of 1.52 million tons over the same period last year; grain enterprises of various types in 7 major japonica rice-producing regions including Heilongjiang and Jiangsu had purchased a cumulative total of 39.84 million tons of newly harvested japonica rice, an increase of 6.82 million tons over the same period last year.
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Direct harvesting of corn kernels requires every link in the chain to be smoothed out
Modern agriculture is no longer simply about pursuing grain output; it must take into account the overall benefits of the entire industry. Farmers' incomes are no longer raised solely by "growing more grain." The benefits of cost savings and efficiency gains at every link have led more and more farmers to start keeping a "profit ledger."
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China's annual corn imports remain stable
According to the May global grain market trade report released by the United States Department of Agriculture, China's corn imports in 2015/16 are expected to remain stable at 3 million tons, because domestic corn production is expected to hit a record high, domestic stocks are sufficient, and the government encourages traders to purchase domestic corn
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Optimistic expectations for corn planting area this year
As of now, new-season spring corn planting in Northeast China is nearing completion, and as winter wheat in the interior enters its maturity period, the relay intercropping of new-season summer corn in wheat fields in the interior has also begun. Given the current huge domestic corn inventory and relatively sluggish prices,
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The spot corn market's bellwether has turned, and port flat-price quotes have bottomed out and are rebounding
From late March to the end of April, domestic corn market prices experienced a sustained decline under pressure from ample supply, sluggish consumption and increased substitution by sorghum. But after entering May, corn market prices began to show momentum of bottoming out and rebounding. Northeast state reserve corn
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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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Promotion of the Cloud 505 corn variety in Fengqing County, Yunnan
In 2015, relying on project implementation, the Yunrui 505 variety was promoted among more than 1,950 farming households across the county, with the planting area exceeding 4,000 mu and the average yield per mu reaching more than 500 kg, an increase of more than 160 kg over the county's average yield per mu, with an increase rate of more than 49%. All farmers in the demonstration base and the science and technology demonstration village
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Corn emergence later than last year, caused by sustained low temperatures
Sustained low temperatures delay corn emergence compared with last year. The corn was planted half a month ago, but because of low temperatures and frequent rain, it has not yet emerged; in previous years at this time it already had several leaves. On May 18, it was still raining, and although the Start of Summer solar term had passed, Harbin
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