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Corn prices unlikely to see deep correction, temporary storage auction runs low-key
The much-watched "trial" auction of temporary-storage corn in the south has ended. Given that the starting prices at this auction did not show the worrying "low prices," the state's intention to auction at a price that covers costs is obvious, and the bearish impact of the auction on the market is limited. Temporary storage auction proceeds "low-key." On April 9, the
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Corn planting area expected to expand 1.9% this year
China's corn planting area is expected to expand 1.9% this year, while the cotton planting area will shrink 11.2%, according to the National Bureau of Statistics. The rice planting area may increase 1.2% this year and the wheat area may rise 0.7%, the bureau said in a statement. More than 110,000 farmers took part in this planting
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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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Corn prices in southern sales areas are generally stable, and this is how the industry sees it
Corn prices in southern sales areas are generally stable. Currently, the enthusiasm for temporary state reserve corn purchases has declined, grain prices in production areas lack support, and prices have weakened slightly. Holders of grain in sales areas have become more calm in their mindset, purchasing imported sorghum and corn from North China and the Northwest to maintain production, and for the time being are not stockpiling in large quantities, waiting to observe the starting auction prices for Northeast corn. In the future, several main factors affecting the sales area market are the recovery of the livestock industry, the amount of imported corn, and when relocating corn will broadly begin auctions. It is precisely because these factors are not yet clear that feed mills remain observant and purchasing demand is not strong.
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Corn import trend set to slow, feed output growth to decelerate over next 10 years
According to an official forecast report released by China's Ministry of Agriculture, China's soybean imports in 2024 are expected to reach 82.66 million tons, up 15.8% from the 2014 import volume. However, over the next 10 years China is expected to net import only small quantities of rice, wheat and corn. China's Ministry of Agriculture
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Corn reserve auction suppresses excessive price rises, market wait-and-see sentiment strengthens
Last week's reserve corn auction marked the official start of this year's reserve corn auctions. Although the auction regions were concentrated in the sales areas, this has already sent a signal to the market of increased supply. Considering that about 75 million tonnes of reserve corn remained domestically last year, and that this year's reserve corn purchases are steadily approaching 80 million tonnes, the supply of reserve corn is enormous.
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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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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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