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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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This week's auction volume of temporary state reserves of corn will be raised to 5.32 million tonnes
According to a notice released on Monday, this week's competitive bidding session for temporary state reserves of corn is expected to offer 5.32 million tonnes of corn, 39% higher than last week's volume. Due to increased subsidies, recent competitive bidding sessions for temporary state reserves of corn have attracted more buyers to bid. Last week's auction
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Feed corn consumption expected to rebound in the coming market
Feed corn consumption expected to trend upward in the coming market. Earlier, after domestic corn market prices rose sharply for a period, the market has recently shown an overall pattern of stability in the north and weakness in the south, but judging from the current supply and demand situation in the domestic corn market, this north-stable, south-weak pattern is unlikely to last very long. On the one hand,
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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 in sales areas remain stable, with market buying and selling relatively quiet
Corn prices in sales areas stable with quiet buying and selling. Currently, the overall buying and selling in corn sales area markets is quiet, with quotations mainly stable and slight rises and falls in some areas. Affected by the temporary reserve auction and the North Port's higher-price purchasing, corn from Northeast China has seen quotations in sales areas rise by 10 yuan/ton; in North China, due to emptying warehouses to collect wheat, short-term market supply is ample, and arrival prices in sales areas are mostly stable, but in some areas of Henan, due to grain quality issues, quotations in sales areas have fallen by 40 yuan/ton compared with the beginning of the month. At present, the use of substitute grains has increased noticeably, but recent market rumors that the state will strengthen ongoing and post-event supervision of imported grain and epidemic monitoring may have a certain impact on imported substitute grains.
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Corn prices in the Hebei-Shandong-Henan region have fallen noticeably
Downstream industries are shrinking, and demand for feed corn shows no sign of recovery. Compared with the usual pattern in previous years, when market prices rose steadily in small increments after entering June, this year's corn market price trend in Henan, Hebei and Shandong has been somewhat abnormal: instead of rising, it has shown a clear downward trend.
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China's fresh-eating corn forms a "sweet in the south, waxy in the north" planting pattern
What development path has China's fresh-eating corn gone through? Where does it stand in the world? What are its future development directions? While answering our questions, experts' accounts also let us sense the popularity of fresh-eating corn. Fresh-eating corn is corn harvested and eaten like fruits and vegetables
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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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