The import of corn in Northeast China has increased significantly.

This month, the performance of northeast corn is basically stable. According to market information, by the end of the month, the warehouse prices of standard corn in Heilongjiang, Jilin and Liaoning are 2150-2200 yuan / ton, 2250-2280 yuan / ton and 2280-2300 yuan / ton respectively.

From the point of view of the analysis, the corn bullish factors in Northeast China in July are intertwined, which is the main reason why the market remains stable. On the negative side, due to rumors of temporary storage policy adjustment, trading enterprises have stepped up their efforts to get out of the store. at the same time, reserves at all levels have been rotated one after another, which has also increased market liquidity. In many aspects, the drought in Liaoning and Jilin continues to lead to an expected increase in production reduction, coupled with previous acquisitions that have led to the bottom of surplus grain in farmers' hands, while deep processing enterprises in Heilongjiang have slightly recovered their willingness to buy grain under large subsidies, at the same time, the rapid rise in corn prices in southern ports has also boosted the market in the northeast.

The market in North China is stable and weakening.

In July, the overall corn market in North China remained stable. During this period, there was a partial increase in Shandong due to the decline of enterprises' own inventory and slightly less market circulation, but with the emergence of a series of negative factors, corn prices in North China continued to move weakly. According to market information, the mainstream purchase price of corn in North China at the end of the month is 2180-2260 yuan / ton.

High callback of north and south ports

This month, the north and south ports experienced a short-term rally. In the middle of the month, due to the huge imports of barley and sorghum in the southern ports, the serious shortage of corn in the southern ports, and the fact that the northern ports have been in the stage of digesting inventory, the port arrival has decreased, resulting in a rapid rise in corn in the southern ports and driving the northern ports higher along with them. By the end of the month, with the expansion of the northern port and transshipment to the south, the closing price of the southern port fell slightly. At the end of the month, the closing price of corn in northern ports is mostly 2350-2400 yuan / ton, while that in southern ports is 2510-2530 yuan / ton.

It is difficult for deep processing industry to improve.

This month, the corn deep processing industry has not improved much. Although deep processing subsidies have made up for some of the losses of enterprises, and raw material prices have basically remained stable, downstream demand is sluggish, and it is difficult to raise the ex-factory prices of starch and alcohol, which also restricts the enthusiasm of enterprises to expand production. The uncertainty of the macro situation makes the inventory level of most enterprises fall to the middle side.

A marked increase in corn imports

According to the General Administration of Customs, China imported 873000 tons of corn in June, an increase of 846000 tons over the same period last year and 469000 tons from the previous month. From January to June, China imported a total of 2.65 million tons of corn, which exceeded the total import volume of 21000 tons last year. In June, China exported 360 tons of corn, an increase of 200 tons over the same period last year and a decrease of 220 tons from the previous month. From January to June, China exported a total of 6990 tons of corn.