MySheen

Industry point of view: corn prices in southern sales areas are generally stable

Published: 2024-11-08 Author: mysheen
Last Updated: 2024/11/08, Corn prices in the southern selling areas are generally stable. At present, the purchase heat of corn temporary storage is decreasing. The grain prices in the producing areas lack support. The prices are slightly weaker. The mentality of the main grain holders in the selling areas tends to be more stable. The purchase of imported sorghum and corn in North China and Northwest China maintains production. There is no large quantity for the time being.

The main factors affecting the market in the sales area in the future are the recovery of the breeding industry, the number of imported corn and when to start the auction on a large scale. It is precisely these factors that are not yet clear, the wait-and-see attitude of feed factories is not reduced, and the purchasing demand is not prosperous.

Multi-empty intertwined palm oil price range oscillation at present, the key factor determining the trend of domestic palm oil price is port inventory. In the context of the financing import recession, the port palm oil inventory continues to decline, supporting the spot price. If soybean oil stocks pick up in the later stage, it will put some pressure on palm oil. On the other hand, Southeast Asia has entered the cycle of increasing production and put pressure on international palm oil prices. Under the interweaving of long and short, the price of palm oil tends to oscillate in the range.

 
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