Corn prices in southern sales areas are generally stable, and this is how the industry sees it

Corn prices in southern sales areas are generally stable Currently, the enthusiasm for temporary state reserve corn purchases has declined, grain prices in production areas lack support, and prices have weakened slightly. Holders of grain in sales areas have become more calm in their mindset, purchasing imported sorghum and corn from North China and the Northwest to maintain production, and for the time being are not stockpiling in large quantities, waiting to observe the starting auction prices for Northeast corn. In the future, several main factors affecting the sales area market are the recovery of the livestock industry, the amount of imported corn, and when relocating corn will broadly begin auctions. It is precisely because these factors are not yet clear that feed mills remain observant and purchasing demand is not strong.

Mixed bullish and bearish factors: palm oil prices oscillate within a range At present, the key factor determining the trend of domestic palm oil prices is port inventories. Against the backdrop of declining financing-driven imports, port palm oil inventories have continued to fall, providing support to spot and futures prices. If soybean oil inventories rebound later, this will bring some pressure to palm oil. Meanwhile, Southeast Asia entering a production increase cycle also puts pressure on international palm oil prices. With mixed bullish and bearish factors, palm oil prices tend to oscillate within a range.