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 have proceeded quickly, market psychological expectations have changed considerably, bullish sentiment has begun to rise, farmers' willingness to hold out for higher prices has strengthened, prices have surged, and long-term uncertainty has increased. The peak marketing period in Northeast China has not yet arrived, while market price levels are already fluctuating close to the temporary storage price, so the room for further increases in the short term is very small, and prices are expected to remain mainly in high-level fluctuation.