MySheen

The price of corn starch remains strong.

Published: 2024-11-06 Author: mysheen
Last Updated: 2024/11/06, 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 the profit of deep processing is clear.

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.

 
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