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Industry viewpoint: the price of corn in the selling area is stable and the purchase and sale is light.

Published: 2024-11-06 Author: mysheen
Last Updated: 2024/11/06, The price of corn in the sales area is stable and the purchase and sale is light. At present, the overall purchase and sales in the corn sales area is light, the quotation is mainly stable, and there is a slight rise and fall in some areas. The northeast grain source is affected by the temporary storage auction and the price increase in Beigang, and the quotation in the sales area has increased by 10 yuan per ton.

The price of corn in the sales area is stable and the purchase and sale is light. At present, the overall purchase and sales in the corn sales area is light, the quotation is mainly stable, and there is a slight rise and fall in some areas. Affected by temporary storage auctions and price increases in Beigang, the price of grain in Northeast China has increased by 10 yuan per ton. In North China, due to wheat harvesting in Tengku, the short-term market supply is abundant, and the price from sales area to station is mostly stable, but in some areas of Henan Province, due to grain quality problems, the quotation in sales area is 40 yuan / ton lower than at the beginning of the month. At present, the use of alternative grain has increased significantly, but recently, it is rumored in the market that the country will strengthen the supervision and surveillance of the epidemic situation of imported grain, which may have a certain impact on the import of alternative grain.

The soybean is strong inside and weak outside, and the soybean meal shock moves in the opposite direction recently. In about a month, the main contract of Dalian soybean futures has risen more than 10%, while the price of Chicago soybean futures has fallen one after another. The main contract fell by about 5.64%, and broke through the September low of last year. Analysts believe that the recent accelerated decline of American beans is mainly due to the stable planting progress of soybeans in the United States, abundant global supply and the rise of the US dollar, while factors such as the reduction of domestic soybean acreage and tight supply have supported the rise in the inner market. However, domestic soybean meal is likely to fluctuate lower under the pressure of loose global soybean supply, accelerated arrival of imported soybeans to Hong Kong and still weak downstream demand.

 
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