Latest market trends: Corn prices in North China show a clear downward trend

According to the North China corn market, the sales range of corn produced in Hebei, Shandong, and Henan has been continuously narrowing in recent years. Due to poor quality and an inconspicuous price advantage, the volume of corn sold to Guangdong, Guangxi, and other places has been declining. Moreover, in recent years, corn processing enterprises in Shandong and other newly emerging main sales areas have encountered the problem of shrinking downstream industries, and coupled with the lack of improvement in demand for feed corn, the demand outlook for corn produced in Hebei, Shandong, and Henan is not optimistic.

Analysis suggests that the obvious decline in corn prices in Hebei, Shandong, and Henan is merely a microcosm of the national corn market. Due to the relatively severe oversupply in the domestic corn market, huge inventories, and the obvious price advantage of substitutes, the overall performance of national corn market prices is sluggish. In addition, in the new crop year, domestic corn planting area is still expected to grow, and production will remain at a multi-year high, so the long-term trend of corn prices is relatively pessimistic.