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Corn prices remain stable but weak, industry views and interpretation
Corn prices remain stable but weak. Entering July, from the perspective of the large domestic corn market, short-term market supply is sufficient, downstream demand remains weak, temporary storage auctions continue to be sluggish, the north-south port price inversion is severe, and corn substitutes continue to capture ports and sales area markets.
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China's corn imports reached 4.5 million tons in 2014/15
Since the 2014/15 year, China has cumulatively imported 3.63 million tons of corn, a year-on-year increase of 19.57%. About 2 million tons of Ukrainian corn began arriving at ports in April, and 6 shipments of US corn also arrived at ports from June to August. Therefore, China faced relatively high pressure from corn imports in June-August, and in July it will still maintain about 800,000
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Damage from corn pests and diseases is on the rise in China
In recent years, China's corn planting area has steadily increased. In 2014, China's corn planting area reached 553 million mu, making it the grain crop with the largest planting area in China. With the adjustment of planting structure, changes in cultivation techniques, and the replacement of new varieties, China's corn pests
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New corn market-based pricing trend becomes clear, industry views analyzed
Recent market expectations suggest that after this year's newly harvested corn comes to market, the temporary storage corn purchase policy may be discontinued; even if it is not discontinued, it is estimated that the temporary storage purchase price will be lowered, which will weaken the policy support factor for corn prices. Vice President of the Yida Research Institute of China Grain Network
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Modern agriculture becomes the cornerstone of Northeast China's economic revitalization
Northeast China is one of the important grain production bases of China and even the world. In recent years, various parts of Northeast China have continuously explored paths for modern agricultural development, with remarkable results. The renewal of agricultural tools, innovation in rural finance, and large-scale operation through land transfer - these distinctive reforms have enabled Northeast
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Ministry of Agriculture Deploys Corn Armyworm Prevention and Control Work, Going All Out to Secure Grain from Pest Damage
According to this website, August is an important stage for corn growth and yield formation in the main producing areas of Northeast China, North China, and the Huang-Huai region, and it is also a critical period for armyworm outbreaks. On July 30, the Ministry of Agriculture issued an urgent notice on doing a good job in corn armyworm monitoring and prevention and control, requiring relevant areas
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China's corn production hits a record high
Just as the world's attention is focused on severe weather damaging the corn yield potential in the United States and Europe, Chinese farmers are expected to harvest a record corn crop this year. In its latest monthly report released last week, the International Grains Council (IGC) raised China's corn production
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Northeast corn holds steady, imports rise markedly
This month, Northeast corn was basically stable. According to market information, by the end of the month the ex-warehouse price of standard-grade corn was mostly 2150-2200 yuan/tonne in Heilongjiang, mostly 2250-2280 yuan/tonne in Jilin, and 2280-2300 yuan/tonne in Liaoning. Analysis shows that in July, corn in the Northeast region
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Rice and corn grain filling will be affected, southwestern China to see low temperatures and scant sunshine over the next ten days
Since late July, most of southwestern China has had many rainy days, with sunshine hours in Yunnan and Guizhou 30% to 80% below the same period in normal years; temperatures have been low, with Yunnan's average temperature at 21.1°C, the lowest since 1990. Single-season rice in southwestern China is at the critical stage of heading and flowering and grain filling, while summer corn is at the tasseling to grain-filling stage. Low temperatures, rain and scant sunshine will inhibit or delay rice flowering, causing poor pollination of rice ears and an increased rate of empty grains; at the same time, low temperatures and scant sunshine will also affect the grain-filling rate of rice and corn, leading to a decline in grain weight.
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China's Corn Stockpiling Policy to Continue for Another Year
Industry analysts say China will implement its corn stockpiling policy for another year before fully liberalizing domestic corn prices. The stockpiling policy aims to raise rural incomes, but some market participants point out that this policy has led to high domestic corn prices. Currently China's corn
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