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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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Southern China's rainfall to weaken over the coming week, favoring the wrap-up of autumn harvest and autumn-winter planting
Since November 4, 2015, most of southern China has experienced frequent overcast and rainy weather, with 9-14 rain days; cumulative precipitation in eastern and southern Jiangnan, western and northern South China and other areas has been 1-4 times more than the same period in normal years, and southern Hunan and Jiangxi, northern Guangxi and other areas have seen heavy to torrential rain for 3-
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Shoring Up Rural Weaknesses Is Key to Building a Moderately Prosperous Society in All Respects
The report to the 18th National Congress of the Communist Party of China put forward the Two Centenary Goals, and the Fifth Plenary Session of the 18th CPC Central Committee stressed that building a moderately prosperous society in all respects by 2020 is the first of the Two Centenary Goals. Now 2020 is very close, and the tasks of construction in all areas are
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Fresh produce category fills the gap of e-commerce giants during Double 11
Looking back at the development of recent years, although Double 11 gets livelier every year, its model and have barely changed. The home turf always belongs to those few e-commerce giants, and the featured products are also concentrated in digital 3C, cosmetics, clothing, luggage and other physical goods, and users' consumption
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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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Industry View: Domestic Corn Prices Weaken
Last week (September 25 - October 9), domestic corn prices generally fell, North China continued to seek a bottom, and Northeast China saw scattered opening of purchases. Northern ports fell sharply, while southern ports consolidated at low levels. Looking ahead, corn in Northeast China has not yet been listed in large quantities, and there are few purchasing entities, so prices are expected to continue falling later. In North China, because of the recent large declines, the pace of the corn price drop has slowed slightly in the past few days, and a wait-and-see mentality in the market has risen slightly, but before the pressure from Northeast grain listings gradually strengthens and temporary storage purchases have yet to begin, North China corn prices are still expected to continue weakening.
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Wheat Market Analysis: Weak Demand, Prices Stabilizing at a Low Level
Currently, wheat quality on the market varies, wheat price differences are pronounced, and the procurement volume curve during the purchasing period is flatter than last year. Because the circulating supply of high-quality wheat is scarce, large-scale procurement is difficult, creating a "price without market" situation; flour milling enterprises have passed the production peak for the Double Festival
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Corn-producing regions remain weak overall, industry views analyzed
Recently, the Northeast producing region has continued to maintain a sluggish market, with few purchasing entities in the market, traders actively willing to ship goods, and downstream enterprises clearly lacking in their capacity to absorb supply. In addition, new grain has begun to appear sporadically in some areas, and pessimism is strong among all parties, with corn prices continuing to come under pressure and decline.
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Rural basic financial services still need to be strengthened, and weak links urgently need to be shored up
The "Thousand Villages Survey" is a large-scale social practice and social research project of Shanghai University of Finance and Economics that takes "agriculture, rural areas and farmers" issues as its research object. This year's theme is "Coverage and Use of Rural Basic Financial Services." The results of this survey show that China's rural financial penetration
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The weakening impact of grain price changes on CPI will become the new normal
In August 2015, the overall level of the national consumer price index rose 2.0% year on year. Among this, urban areas rose 2.0%, rural areas rose 1.8%; food prices rose 3.7%, non-food prices rose 1.1%; consumer goods prices rose 1.8%, service prices rose 2.2%. Grain prices rose
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