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Corn price fluctuation risks remain in the outlook, North China market needs caution
Since mid-December, corn prices in the North China production area have fluctuated quite frequently, overall going through a process of decline-rebound-decline. On one hand, the weather improved, corn supply in North China recovered quickly, and enterprises saw increased arrivals, but downstream demand could not absorb it effectively, and the market pattern shifted again from a period of tight supply to a situation of oversupply, with prices continuing to fall reasonably as the market expected. On the other hand, grain moisture content was relatively high, and enterprises interested in low-moisture grain sources were forced to raise purchase prices, which in turn drove prices to stop falling and stabilise, and combined with increased outflow of some grain sources, prices in some areas even rebounded slightly. As of now, the ex-factory price of 14.5% moisture third-grade corn at deep-processing enterprises in Weifang, Shandong is 1880-1940 yuan/tonne, down about 20 yuan/tonne from last weekend, with a few enterprises seeing slightly larger declines; the ex-factory price in Shijiazhuang, Hebei is around 1740 yuan/tonne, down about 20 yuan/tonne from last weekend. It is expected that in the short term North China corn will remain stable with a weak bias, and prices will fall more in areas where farmers are more active in selling grain.
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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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Imported coarse grains replace corn, 2015 increase expected to reach 108%
In 2014, China's total imports of sorghum, barley and DDGS (dried distillers grains with solubles) amounted to 16.6 million tons, and the total imports of these products in 2015 are expected to reach 30 million tons, an increase of 81%. Excluding the portion of barley used for brewing, after conversion, the above imported products in 2015 are expected to replace feed
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Reducing Corn Planting Area Becomes Agricultural Adjustment Priority
Pan Wenbo, deputy director of the Department of Crop Production Management of the Ministry of Agriculture, recently told Economic Observer Online that the overall approach for a new round of agricultural adjustment led by the Ministry of Agriculture has been formed. In the next step, in accordance with the food security strategy of "storing grain in the land" and "storing grain in technology," the government will adhere to
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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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What are the chemical fertilizer utilization rates for China's three major grain crops: rice, corn and wheat?
Zeng Yande, Director of the Planting Industry Management Department of the Ministry of Agriculture, revealed at a press conference on the 2nd that in recent years China has carried out an action to achieve zero growth in the use of chemical fertilizers and pesticides, and the utilization rates of chemical fertilizers and pesticides have steadily increased. According to scientific calculation, in 2015 China's rice, corn and wheat three major grain
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Garlic yields a net profit of 1500 yuan per mu, higher than corn
Recently, the Price Bureau of Lanling County conducted a survey on the 2015 autumn grain production, procurement and returns. The survey shows that over the past three years, garlic planting returns in Lanling County: each mu produces 2000 jin of garlic and 1200 jin of garlic scapes. The planting cost is 5100 yuan (including family labor and the imputed rent of self-owned land).
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Sinograin makes every effort to do a good job in the temporary state reserve corn purchase in Northeast China
On December 1, the reporter learned from Sinograin Corporation that the state's temporary reserve corn purchase in the four northeastern provinces has been stable and progressing smoothly, and the purchase volume in the first month was twice that of the temporary reserve purchase in the same period last year. A relevant person in charge of Sinograin told the reporter that since November 1, the state has launched the 2015 temporary reserve corn purchase in the three northeastern provinces and one region.
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Temporary storage corn purchases significantly boost corn prices
The progress of temporary storage corn purchases has been very rapid, with an obvious effect on prices. At present, market prices in Heilongjiang and Inner Mongolia have already approached the temporary storage level, and parts of Jilin and Liaoning have already shown a premium over the temporary storage level. At present, price trends in Northeast China are basically led by temporary storage purchases. Because temporary storage purchases
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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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