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. In addition, as the "National Day" holiday gets closer and closer, domestic live pig and corn deep-processing by-product prices have continued to weaken, once again putting pressure on the already sluggish domestic corn market. After National Day, as northern summer corn is gradually harvested and brought to market, the market will come under further pressure.