MySheen

Industry point of view: corn auction turnover continues to decline

Published: 2024-11-21 Author: mysheen
Last Updated: 2024/11/21, Corn auction turnover rate continued to decline last week, corn purchases and sales in Northeast China were light, and temporary storage trading volume hit a new low; corn prices in North China rose steadily and slightly; corn prices in southern ports were stable and weak, while purchase prices in northern ports fell, and the destocking phase began. At present, Northeast China

Corn auction turnover rate continued to decline last week northeast corn purchase and sales light, temporary reserve turnover again low; North China corn prices steady rise; Southern port corn prices stable weak, Northern port purchase prices fell, Destocking stage began. At present, the demand in Northeast China is stable, and there is no intention to bid in North China and South China. Under this condition, the market entry of rotation corn will impact the temporary reserve turnover again. It is expected that before the middle of August, the growth-exchange volume will always remain low, and North China will be the focus of the later market.

 
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