MySheen

Industry point of view: the overall corn market in producing areas is still weak

Published: 2024-11-06 Author: mysheen
Last Updated: 2024/11/06, Recently, the northeast production areas continue to maintain a depressed market, the main body of market acquisitions are rare, traders are willing to ship goods actively, and the carrying capacity of downstream enterprises is obviously insufficient. Coupled with the sporadic listing of new grain in some areas, the pessimism of all parties is strong, and corn prices continue to fall under pressure.

Recently, the northeast production area continues to maintain a depressed market, the main body of market acquisition is scarce, traders are willing to ship actively, and the downstream enterprises are obviously insufficient to undertake. In addition, some areas of new grain sporadic listing, all parties pessimistic mood is strong, corn prices continue to pressure decline. In the middle of September, although the supply of spring corn in North China came to an end and the supply decreased compared with the previous period, traders were still active in shipping due to the surplus of old grain and the high inventory of grain depots. Although the recent decline in corn prices in the region has slowed, the overall market remains weak.

 
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