Corn market in Q2 may show a pattern of weakness in the north and stability in the south

Corn in Q2 may show a pattern of weakness in the north and stability in the south In April, after the overall obvious rise in March, the domestic corn market price showed a trend of slowing gains, overall stabilization and local pullbacks. Specifically: in early April, domestic corn continued the post-Spring Festival rise. In mid-to-late April, under the influence of multiple factors such as the temporary storage corn purchase approaching its end, persistently sluggish auction transactions and overall market demand falling into a "predicament", domestic corn market prices showed a "general decline" pattern.

Facing the peak of temporary storage corn auctions about to begin in May, although the temporary storage corn auctions in Northeast China will become the "highlight", posing obvious upward pressure on the domestic market (especially the northern production areas), after various regional markets achieve "rebalancing", the domestic corn market in Q2 may show a pattern of weakness in the north and stability in the south. During this period, avoid the risk of market fluctuations.

Oils and fats are expected to continue their rebound trend in the future Since mid-April, because the bearish factors in oils and oilseeds have been basically digested, and domestic oils and fats supply has declined in the short term, oils and fats futures have rebounded strongly, with a trend not only stronger than neighboring soybean meal, but also obviously stronger than external soybean oil and Malaysian palm oil. Looking ahead, there is still great uncertainty in South American soybean exports and North American soybean production, and oils and fats are expected to continue to rebound.