MySheen

Rain and snow affect the purchase and sale of corn prices continue to rise

Published: 2024-11-08 Author: mysheen
Last Updated: 2024/11/08, In mid-November, supported by the national temporary storage and acquisition policy and the influence of a wide range of rain and snow in the producing areas, domestic corn prices continued to rise, especially in North China. Monitoring of China Grain Network data Center

In mid-November, supported by the national temporary storage and acquisition policy and the influence of a wide range of rain and snow in the producing areas, domestic corn prices continued to rise, especially in North China.

According to the monitoring of the China Grain Network data Center, the national corn purchase price index of stored grain in the 44th period of 2015 was 144.16, up 0.26% from the previous week.

According to the data monitoring system of relevant institutions, the average price of yellow corn at the beginning of the week was 1950.00 yuan / ton, and the weekend average price was 1966.67 yuan / ton, up 0.85%.

According to data from relevant state departments, as of November 15, various types of grain enterprises in 11 major producing areas, including Heilongjiang and Shandong, had purchased a total of 13.99 million tons of new corn. A total of 4.75 million tons were acquired from October to 15th. Among them, the total purchase amount of temporary reserves in Northeast China is 6.11 million tons.

A total of 3.69 million tons were acquired from October to 15th.

Corn prices generally rise in Northeast China

With the continuous development of temporary storage acquisitions in the northeast producing areas, the number of local acquisitions has gradually increased, and the prices of grass-roots corn are also relatively strong, mostly rising compared with the previous period. It is understood that recently, snowfall has occurred in central and eastern Inner Mongolia, southwestern Heilongjiang, Jilin and western Liaoning, affecting corn purchase and logistics transportation.

On November 19th, the purchase price of deep processing enterprises in Zhaodong, Heilongjiang was 1710-1730 yuan / ton, up 20 yuan / ton compared with last week; the purchase price of deep processing in Tongliao area of Inner Mongolia was 1820-1860 yuan / ton, and the mainstream price was 20 yuan / ton higher than last week. The purchase price of deep processing enterprises in Songyuan area of Jilin Province is 1840-1880 yuan / ton, and that of feed enterprises in Shenyang area of Liaoning Province is 1940-1960 yuan / ton, which is 30-40 yuan / ton higher than that of last week.

From the perspective of the current market, the progress of social acquisition in the northeast corn market is slow compared with the same period last year, but the progress of policy acquisition is obviously faster. The main reason is that the intermediate traders have almost no self-operated inventory this year, and the trade is mainly temporary storage transactions.

According to statistics, as of November 15, the total purchase volume of temporary reserves in Northeast China was 6.11 million tons, higher than that in the same period above. Of which 4.4896 million tons are in Heilongjiang Province, 871300 tons in Jilin Province, 53400 tons in Liaoning Province and 695700 tons in Inner Mongolia.

Corn prices in North China are still rising fast.

Recently, due to the more rainy and snowy weather in North China, the purchase and sales of grass-roots markets continue to be affected, and the rising rate of corn prices remains at a high level. Driven by the mentality of selling down but not selling up, farmers are not enthusiastic about selling grain, mostly for wait-and-see sales. Due to the tight supply of grain sources, coupled with the insufficient supply of dry food at the grass-roots level, most of the current enterprise acquisitions have begun to relax moisture standards.

On November 19th, the purchase price of medium corn in Beijing feed enterprises was 1950 yuan / ton, up 70 yuan / ton from the previous week; the purchase price of medium corn in Shijiazhuang feed enterprises in Hebei Province was 1960 yuan / ton, up 100 yuan / ton from the previous week; the purchase price of medium corn in Shandong deep processing enterprises was 2020 yuan / ton, up 120 yuan / ton from the previous week; and the purchase price of medium corn in Anyang feed enterprises in Hebei Province was 1820 yuan / ton, up 40 yuan / ton.

Up to now, the continuous rain, snow and haze weather in North China has lasted for more than half a month, which leads to poor logistics and corn threshing, and the supply of food is slightly tight. The weather forecast shows that it will continue to rain in North China in the next two weeks, and it is estimated that weather factors will still support corn prices in North China in the short term.

Corn prices fluctuate upwards in north and south ports

Recently, the north and south ports have been affected by the rise in grain prices in the producing areas and the decrease in the arrival of goods caused by snowfall, and corn prices have fluctuated upwards. The northern ports have a large proportion of incoming goods into temporary storage, and the purchase price of temporary storage is higher than that of trade grain. Due to the recent rapid rise in corn prices in the producing areas, the replenishment willingness of feed enterprises in the southern port has been enhanced, and the port corn inventory has declined rapidly.

It is understood that on November 18, the stock of corn in Guangdong port for domestic trade was 206000 tons, down 51000 tons from the same period last week.

On November 19th, the mainstream purchase price of Liaoning corn was 1980-2000 yuan / ton, and the theoretical closing price was 2030-2050 yuan / ton, which was 10-20 yuan / ton higher than last week, with the bulk density of 15% moisture in northern Bayuquan and Jinzhou port, the bulk density above 700g/L, and mildew rate within 3%. The transaction price of Liaoji high-quality corn was 2130-2150 yuan / ton, up 10-20 yuan / ton from last week, while Hebei corn price was 2020-2060 yuan / ton, up 40 yuan / ton from last week.

At present, the price difference between northeast and North China corn in Guangdong port is 90-110 yuan / ton, which is 20 yuan / ton lower than last week and 130 yuan / ton lower than at the beginning of this month.

Corn prices in sales areas continue to rise slightly.

Dragged down by the overcast and rainy weather in North China, the acquisition of grain sources in the market in the southern sales area was blocked, and the arrival volume of grain enterprises decreased. As most of the grain sources in the southern market come from North China, the continuous rise in corn prices in North China continues to drive prices in the southern sales areas to follow the rise, with a range of 30,000,000 yuan / ton. As the demand in the sales area is still slow to recover, the enterprise procurement is still only maintaining normal production, the willingness to increase inventory is not strong, and the price increase is obviously smaller than that in the production area.

On November 19th, the arrival price of second-class corn was 1880-1980 yuan / ton in Xuzhou, Jiangsu, 2180-2200 yuan / ton in Wuhan, Hubei, 2200-2230 yuan / ton in Changsha, Hunan, 2220-2260 yuan / ton in Nanchang, Jiangxi, and 2090-2160 yuan / ton in Chengdu, Sichuan.

Exports rebounded better than expected in US corn futures.

Recently, the International Grain Council lowered its 2015-16 corn production forecast, and the global corn production estimate is expected to be 967 million tons, a reduction of 3 million tons. Internet + agricultural products Internet + agriculture Internet + industrial lobular red sandalwood landscaping seedlings rosin aquatic products processing stone papermaking modern agricultural ecological agriculture paper industry energy saving and emission reduction feed industry was supported by a better-than-expected weekly export sales report last week. Short covering of corn prices in the United States rebounded. On Nov. 20, the CBOT December corn contract was at $3.63-1 pound per bushel, up 1.5% during the week, the biggest weekly increase since the end of September.

According to the USDA's weekly export sales report, annual corn export sales in the 2015-16 market in the week ended November 12 were 779800 tons, higher than the market estimate of 500000-700000 tons.

On November 19th, the price of US No. 2 yellow corn FOB delivered in December in Mei Wan was 170.2 US dollars / ton, or 1086 yuan / ton. The total cost after tax payment at the Chinese port was about 1558 yuan / ton, which was 163yuan / ton lower than that of the same period last year.

 
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