Industry point of view: the overall trend of corn is weak in the second quarter

The overall trend of corn in the second quarter is weak in the second quarter, the domestic corn market has comprehensively entered the temporary storage "auction season", and its overall price trend is slightly weak. At the same time, compared with last year, the progress of temporary storage corn "destocking" is slow, the market demand is lack of bright spots, and the market confidence index is declining synchronously. In the international market, the long and short factors coexist, its price first suppresses and then rises, and the price gap with domestic corn continues to widen. Looking forward to the future, as the domestic corn market has entered a period of disconnection, the market has discussed whether corn prices can reappear last year's glory. However, the situation of oversupply in the domestic corn market is still difficult to reverse, and this summer, China's corn market wants to say that "rising" is not easy.

In the short term, the strong operation of China's soybean meal market will be affected by the precipitation during the sowing period, and the soybean planting area in the United States will be reduced. The USDA confirmed that the soybean acreage will be revised in the supply and demand report in August after the survey, which gives the market some room for imagination. At the same time, under the condition that the squeeze profit turns to loss, the soybean meal market of our country runs strongly. However, due to the consideration of abundant imported soybeans and no substantial improvement in pig farming, the rise of soybean meal is bound to be limited in the absence of a substantial reduction in production. Before the production reduction data of American beans are clear, we should beware of soybean meal prices "going too far".