Corn starch prices keep running firm

Corn starch prices keep running firm  After the earlier strong upward adjustments, corn prices in the production areas have now seen a slight pullback and correction, but with supply currently tight, market prices remain mainly firm. As for corn starch, although deep-processing profits have improved markedly, with enterprises' operating rates on the low side and spot corn starch inventories on the low side, spot corn starch prices will still keep running firm.

Soybean meal is likely to run weak going forward  The USDA soybean planted area and quarterly stocks report is about to be released, and the market widely expects planted area may hit a new high, with the report having a relatively high likelihood of being bearish. Domestically, the fundamentals for soybean meal remain overall weak; imported soybeans are arriving at ports one after another, oil mills' soybean meal inventories are gradually picking up, the circulation volume in the soybean meal market is tending toward ample, and spot prices are running in a volatile downward trend. End demand remains weak, the breeding industry is still loss-making, and feed enterprises are mostly executing earlier contracts, being relatively cautious about entering the market to purchase. In view of this, under the effect of poor fundamentals, soybean meal is relatively likely to run weak going forward.