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Industry Viewpoint: Corn Prices Fall in North China, Northeast Temporary Storage Policy Tightens
Recently, China's two major corn-producing regions, the Northeast and North China, have been operating around different themes. First, some enterprises in Heilongjiang were affected by tightened temporary storage standards, and purchasing was suspended for a time. With temporary storage purchases progressing too quickly, the state's attitude toward regulating the purchasing pace was clear.
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Corn futures may weaken in a volatile market ahead; what does the industry think?
Last week, rare rainfall occurred in Northeast China, with temperatures rising and falling sharply, which was very unfavorable for corn storage. At the same time, roads were icy and transportation was difficult. It is expected that the short-term progress of temporary storage entering warehouses may be forced to slow down. As the Spring Festival approaches, farmers' willingness to cash in increases, and coupled with the
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Wheat prices are expected to continue a stable trend in the short term
Supply in the wheat market is relatively loose. Flour mills mainly purchase on demand to meet their own production needs. At the same time, the slowdown in shipments has to some extent affected enthusiasm for wheat procurement. In the short term, the wheat market will continue a relaxed buying and selling atmosphere, with prices tending to stabilize.
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