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Corn prices in the second quarter generally trended weak, industry views and analysis
Corn prices generally trended weak in the second quarter. In the second quarter, the domestic corn market fully entered the temporary storage "auction season," and its overall price trend was slightly weak. At the same time, compared with last year, the "destocking" progress of temporary storage corn was slow, market demand lacked highlights, and the market confidence index declined in tandem. In the international market, bullish and bearish factors coexisted, prices first fell and then rose, and the price spread with domestic corn continued to widen. Looking ahead, as the domestic corn market enters the lean season, discussion has reappeared about whether corn prices can repeat last year's glory. However, the oversupply situation in the domestic corn market remains difficult to reverse, and it will not be easy for China's corn market to say "rise" this summer.
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Corn prices remain stable but weak, industry views and interpretation
Corn prices remain stable but weak. Entering July, from the perspective of the large domestic corn market, short-term market supply is sufficient, downstream demand remains weak, temporary storage auctions continue to be sluggish, the north-south port price inversion is severe, and corn substitutes continue to capture ports and sales area markets.
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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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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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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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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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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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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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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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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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