The price of corn starch remains strong.
Corn starch prices remain strong after a strong increase in the previous period, the current corn prices in the producing areas have slightly dropped and adjusted, but in the current tight supply situation, the market price is still strong. In terms of corn starch, although there has been a significant improvement in deep processing profits, the spot price of corn starch will remain strong when the operating rate of enterprises is low and the spot inventory of corn starch is low.
Soybean meal weak operation possibility USDA soybean acreage and quarterly inventory report is about to be released, the market generally expected acreage or a new high, the report is more likely to be empty. On the domestic side, the overall fundamentals of soybean meal are still weak, imported soybeans are arriving in Hong Kong one after another, the inventory of soybean meal in oil factories gradually rebounds, the circulation of soybean meal market tends to be loose, and the spot price is fluctuating and declining. Terminal demand is still weak, aquaculture losses are still the same, feed enterprises are mostly based on the implementation of pre-contracts, procurement is more cautious. In view of this, under the effect of poor fundamentals, soybean meal is more likely to run weakly in the future.
- Prev
Agricultural machinery and equipment has entered the top ten fields of "made in China 2025".
Premier Li Keqiang presided over an executive meeting of the State Council on March 25, which deployed to speed up the implementation of made in China 2025 and upgrade the manufacturing industry. The meeting pointed out that China is in the process of accelerating industrialization, and the manufacturing industry is an important branch of the national economy.
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As of last Friday, port corn stocks continued to decline.
As of Friday, corn stocks in the four northern ports totaled 3.457 million tons, including 320000 tons in Beiliang, 177000 tons in Dayaowan, 1.46 million tons in Jinzhou and 1.5 million tons in Bayuquan, down 50, 000 tons from the previous week. Last week, the volume of the four northern ports was 360000 tons.
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