Corn auction transaction rate continues to decline, how does the industry view it?

Corn auction transaction rate continues to decline Last week, corn purchase and sales in Northeast China were sluggish, and the temporary storage transaction volume hit a new low again; corn prices in North China rose slightly within a stable range; corn prices at southern ports were stable and slightly weak, while purchase prices at northern ports fell, marking the beginning of the destocking stage. At present, demand in Northeast China is stable, and there is no bidding willingness in North China and southern sales areas. Under these conditions, the entry of rotation corn into the market once again impacted the temporary storage transaction volume. It is expected that before mid-August, the transaction volume will remain at a low level, and North China will be the focus of the market later.