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. In mid-September, although spring corn supply from the North China producing region entered its final stage and supply decreased compared with before, because old grain still remained and grain depot inventories were relatively high, traders were still active in shipping goods. Recently, although the decline in local corn prices has slowed somewhat, the overall market remains weak.