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Coexistence of Bullish and Bearish Factors: Corn Market Unlikely to Perform Well
Currently, the domestic corn market can be described as having a coexistence of bullish and bearish factors. On the one hand, China's temporary storage corn procurement continues in full swing, but the market's interpretation of it is becoming increasingly rational. With temporary storage corn inventories about to break through the 200 million ton mark, the Dalian corn futures price has touched the policy ceiling level
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Under policy dominance, spot corn prices are unlikely to see major gains
[Introduction]Looking at the domestic corn market in recent years, market prices have all been dominated by policy, with domestic corn prices closely fluctuating in line with changes in the state reserve purchase price and purchase volume. Since the start of the state reserve purchase policy in 2008, domestic corn market prices have consistently been affected by the state reserve
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Tighter Temporary Corn Storage Purchases, Prices Unlikely to Keep Rising This Year
As one of the country's important grain crops, corn prices have fallen sharply and continuously since the start of this year, with corn futures dropping all the way from a high of 2400 yuan/ton at the beginning of the year to a low of 1788 yuan/ton, as short sellers kept adding positions and the open interest in corn futures contracts repeatedly hit new highs
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Ample Edible Oil Supply and Weak Demand Make Sustained Price Rallies Unlikely
Last week (October 19-23), influenced by the futures price trends of CBOT soybean oil and Bursa Malaysia palm oil, the domestic vegetable oil market showed wide-ranging fluctuations. As the current domestic vegetable oil supply is ample, the spot market has also entered the traditional off-season for demand after the holiday, and basis has declined somewhat. Last week
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New-style farmer training meets with a cold reception: more than 20% of farmers say they are not interested
New-style farmer training is an important means of improving farmers' labor quality and achieving the extension of agricultural technology and the transformation of scientific and technological achievements. However, a research report just completed by the China Rural Research Institute of Central China Normal University shows that 48.83% of the surveyed farming households have not participated in any new-style
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Imported fruit diversity: some consumers love it, some hate it
More and more foreign fruits, with unusual appearances and quite high prices. Ms. Luo, a resident who quite likes eating fruit, often visits major fruit shops, and recently she has noticed that strangely shaped fruits are becoming more and more common. A few days ago I saw one at a fruit shop on Donghe Road
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Why have good varieties become the common choice of farmers and citizens alike?
Right now is the peak season for harvesting and marketing fresh-eating corn in large quantities. In order to promote superior varieties and meet market demand with high-end varieties, the Fresh-Eating Corn Special Session of the 23rd Beijing Seed Conference and the 2015 Beijing Fresh-Eating Corn Circulation Summit were held recently. From all over the country, plant
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Oils and fats market expected to see a wave-like upward trend in the future
After rebounding from a year-to-date low last week, the three major domestic oils and fats varieties as a whole remained in a choppy consolidation this week (July 13-19, 2015). On the 16th, soybean oil, palm oil and rapeseed oil futures varieties fell collectively once again. The main 1601 contracts of soybean oil, palm oil and rapeseed oil futures all opened lower and moved lower, closing down 1.08%, 1.54% and 0.79% respectively at the end of the session.
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Agricultural machinery cooperative launches menu-style contract farming service
At the end of September, the critical period for late rice grain filling, Leng Weiguo, a major grain grower in Wangjiadi Village, Longguangqiao Town, Heshan District, Yiyang City, Hunan Province, rarely went to the fields to busy himself, spending most of his time at the Huimin Agricultural Machinery Cooperative maintaining farm machinery. His rice will be harvested in mid-October.
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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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