The consumption of feed corn will tend to pick up in the future.

The consumption of forage corn in the future will tend to pick up in the early stage. After the continuous rise of domestic corn market price, the overall pattern of north stability and south weakness will be presented in the near future. However, according to the current domestic corn market supply and demand situation, this situation of north stability and south weakness is difficult to last for a long time. On the one hand, the domestic corn price is still relatively high compared with the price of the same period last year, and it is unlikely to continue to fall deeply; On the other hand, at present, grain depots, traders and farmers are worried about the price risk of corn in the future, and their sales enthusiasm has increased significantly. However, due to the batch listing of new corn still waiting for some time, and feed, breeding market has begun to show signs of recovery, future feed corn consumption tends to pick up.

Palm oil is stronger than soybean oil, and the current palm oil inventory in the port has dropped to around 400,000 tons, and the overall pressure is very small. With the further increase of temperature, palm oil consumption will continue to show seasonal growth under the condition of relatively large price difference between soybean oil and palm oil at present, and palm oil inventory in port is not expected to increase significantly in the later period. On the other hand, due to the large number of soybeans arriving in Hong Kong in the second quarter and considerable crushing profits, soybean oil supply will show significant growth, and commercial stocks of soybean oil may face stabilization and recovery, which brings certain pressure to the overall domestic supply. However, from the contrast changes to see, soybean oil, palm oil spread seasonal reduction opportunities have begun to appear from last week. Under the stage theme, palm oil is stronger than soybean oil will continue further.