When is the price of corn most likely to rise in 2017?

According to Bric's forecast, the corn output of the three northeastern provinces and one region in 2016 was 120-130 million tons, and the total corn purchase volume was roughly 60-70 million tons. From the overall grain sales progress, the corn purchase progress after the New Year will begin to slow, but considering that around March after the New Year there will be a peak in grain buying, the pressure of corn supply will once again become prominent, and the probability of corn prices falling is relatively high.

And according to an announcement by the National Grain Trade Center, the purchase period ends in May 2017, and the deadline for the policy of reducing or exempting outbound transport fees in Jilin and Heilongjiang is also at the end of April, at which point the enthusiasm of feed enterprises in the south to build inventories will also greatly increase.

At the same time, in the corn deep-processing subsidy in Northeast China, the purchase deadline is the end of April, and the implementation period runs to the end of June. This will encourage Northeast China to actively build inventories before the purchase deadline. Based on this, we believe that after April corn prices will receive certain support, and a small increase cannot be ruled out.

It is recommended that farmers act according to their own actual circumstances. Corn left lying on the ground should be sold promptly, while those with storage capacity can wait until after the New Year and sell at a suitable off-peak time.