Feed corn consumption expected to rebound in the coming market

Feed corn consumption expected to trend upward in the coming market Earlier, after domestic corn market prices rose sharply for a period, the market has recently shown an overall pattern of stability in the north and weakness in the south, but judging from the current supply and demand situation in the domestic corn market, this north-stable, south-weak pattern is unlikely to last very long. On the one hand, current domestic corn prices are still relatively high compared with the same period last year, so there is little possibility of a further deep decline; on the other hand, grain depots, traders and farmers are currently worried about future price risks for corn, and their enthusiasm for selling has clearly increased. However, since the bulk listing of new corn is still some time away, while the feed and breeding markets have now begun to show signs of recovery, feed corn consumption is expected to rebound in the coming market.

Palm oil's phased strength relative to soybean oil will continue Currently, port palm oil inventories have fallen to around 400,000 tons, with overall pressure very small. As temperatures rise further, and given the current relatively large price spread between soybean oil and palm oil, palm oil consumption will continue to show seasonal growth, and port palm oil inventories are not expected to increase significantly later. In contrast, because large quantities of soybeans will arrive at ports in the second quarter and crushing profits are considerable, soybean oil supply will show significant growth, and commercial soybean oil inventories may face stabilization and recovery, which will bring some pressure on overall domestic supply. However, from the comparative changes, the opportunity for a seasonal narrowing of the soybean oil-palm oil price spread has already appeared since last week. Under phased themes, palm oil being stronger than soybean oil will further continue.