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Industry expects corn prices may still have room to fall around National Day
Since the announcement of the new temporary corn reserve policy, corn prices in the North China and Northeast production areas have all declined, with prices in North China falling particularly sharply, and new and old corn prices are basically the same. At the same time, the pressure from the new corn coming onto the market is gradually emerging, and the corn market at northern and southern ports remains weak.
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China's 2015/16 corn production estimate revised downward
The relevant agency has revised its forecast for China's 2015/16 corn production downward to 229 million tons, 3 million tons lower than the earlier forecast, due to drought affecting some production areas in Northeast China. However, even after the downward revision, corn production still set a record high, up from the previous year's output
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Latest market trends: Corn prices in North China show a clear downward trend
According to the North China corn market, the sales range of corn produced in Hebei, Shandong, and Henan has been continuously narrowing in recent years. Due to poor quality and an inconspicuous price advantage, the volume of corn sold to Guangdong, Guangxi, and other places has been declining. Moreover, in recent years, corn processing enterprises in Shandong and other newly emerging main sales areas have encountered the problem of shrinking downstream industries, and coupled with the lack of improvement in demand for feed corn, the demand outlook for corn produced in Hebei, Shandong, and Henan is not optimistic.
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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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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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Temporary reserve auction launched, corn prices under pressure and trending downward
On Thursday, the fifth round of temporary reserve corn auctions in Northeast China began. This auction is planned to be held over two days, with a total of 3.028 million tons of temporary reserve corn to be offered. Since April 9, news of batch releases of Northeast temporary reserve corn onto the market has continued to pressure the nearby corn 1509 contract, and starch has also followed the decline due to falling corn raw material prices. Considering that the starch futures market price shows a discount pattern, the downside room for starch futures prices is limited.
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Why are southern japonica rice prices facing downward pressure?
Southern japonica rice prices face downward pressure. Starting in March, the volume of indica rice from reserves at all levels entering the market in southern provinces gradually increased, but the price gap between new and old rice continued to remain at a relatively high level. Since April, the volume of policy rice and reserve rice at all levels being released from warehouses in the main southern japonica rice producing areas has increased significantly, and market supply has risen; however, as temperatures rise, market demand for rice tends to become sluggish. Recently, japonica rice prices in southern producing areas have stopped rising, and it is expected that southern japonica rice prices will face downward pressure in the short term.
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The downward trend in the market is hard to reverse; operators must adapt to change
In recent years, China's cotton production has undergone profound changes. Affected by continuously rising labor prices, cotton production costs have continued to rise. Compared with major cotton-producing countries internationally, China's cotton production is at a disadvantageous competitive position. Although from 2011 to 2013 the state adopted
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Domestic cotton prices face further downward pressure, with production down 14.2%
According to a survey by the China Cotton Association, this year's cotton production is expected to be around 6 million tons, a decrease of 1 million tons, or 14.2%. Facing changes in cotton production and the market situation, as the new cotton harvest approaches, the Agricultural Development Bank of China continues to play its role as the main channel for supplying cotton procurement funds.
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Why honeysuckle leaves curl downward and how to fix it
What is going on when honeysuckle leaves curl? What can be done? Let's take a look. 1. Pest control not timely: aphids appeared and were not sprayed in time; aphids can be prevented with a small dose, and the plant will not be burned by spraying, so the dose does not need to be large; 2. Insufficient water
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