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, an increase of 180000 tons over the previous week. It is estimated that the bulk amount of corn under bulk grain in northern ports in March is only about 1 million tons. Judging from the data in previous years, the average monthly bulk grain volume in northern ports is about 2 million tons, but the massive data has decreased significantly since January this year. The acquisition of temporary storage has made rapid progress, and the rise in corn prices in Northeast China started earlier this year, resulting in more corn staying in the northeast producing areas and significantly less foreign shipments than in previous years.

Farmers concentrate on selling grain before spring ploughing, which will be the last peak of grain sales this year, with more arrivals from northern ports. However, the number of temporary storage in Northeast China has exceeded 72 million tons and continues to grow. It is expected that the grain supply in Northeast China will gradually bottom out in April, when the number of processing enterprises that stop production will increase, and the market will mainly wait for the temporary storage corn auction. In the later period, the rise in corn prices in the producing areas will continue to support corn prices in the northern ports.

Data show that as of March 30, Guangdong port domestic trade corn inventory of 395000 tons, foreign trade inventory of 110000 tons, a total of 505000 tons, a decrease of 18000 tons compared with the same period last week. 14.5% moisture in the port of Shenzhen, Guangdong, the transaction price of Liaoji high-quality corn was 2520-2550 yuan / ton, down 10 yuan / ton from last week. The price of corn with quality deviation is 2450-2480 yuan per ton, which is basically the same as last week. Traders ship corn from northern ports to the south at a theoretical break-even or slight loss.