Industry Viewpoint: Short-Term Corn Prices Will Run Weak
Industry data monitoring shows that since mid-July, corn prices in North China had already seen a slight decline. Entering August, prices fell off a cliff, and the subsequent short-term rebound did not last long. The industry calls this a "continuous plunge" in corn prices, and the corn price-cutting storm is sweeping across the country. Corn
Industry data monitoring shows that since mid-July, corn prices in North China had already seen a slight decline. Entering August, prices fell off a cliff, and the subsequent short-term rebound did not last long. The industry calls this a "continuous plunge" in corn prices, and the corn price-cutting storm is sweeping across the country. Industry researchers say that, at present, the road to a bottom for corn prices in North China has still not ended, but after consecutive sharp declines, the possibility of further large drops is relatively small, and short-term domestic corn prices will maintain a weak run with narrow-range adjustments.