The progress of corn grain sales in Northeast China is over 80% and that in North China is over 50%.

As of February 25, grain enterprises of various types in 11 major corn producing areas, including Hebei and Heilongjiang, had purchased 107.28 million tons of new corn, an increase of 50, 000 tons over the pre-festival period and 14.84 million tons over the same period last year. By the end of February, it is estimated that the overall progress of corn grain sales in Northeast China has reached 86%, of which Liaoning is about 90%, which is the same as the previous year; Heilongjiang is slightly over 90%, which is 15% faster than the previous year; Inner Mongolia is 70%, 10% faster than the previous year; and Jilin is 80%, the same as the previous year. Farmers do not have much surplus grain, and the market is generally bullish on post-holiday corn.

Judging from the current surplus grain of farmers and the inventory of traders, the surplus of corn in Northeast China is estimated to be about 20 million tons. Taking into account the partial retention of farmers and the continued growth of temporary storage in the later period, the effective source of grain may be less than 10 million tons, which is expected to supply the northeast market until April at most. Even if the auction starts in May, considering that the auction cycle is nearly one month, the shortage of grain supply from April to May will be prominent, and corn prices in Northeast China are expected to rise strongly from April to May.

By the end of February, it is estimated that the overall progress of grain sales in North China has exceeded 50%, of which the progress of Hebei's acquisition is estimated to be 56%, which is more than 10% faster than that of the same period last year; the progress of Shandong's acquisition is estimated to be 55%, which is about 50% faster than that of the same period last year; and the progress of Henan's acquisition is estimated to be 50%, basically the same as the previous year.

The price rise in North China after the festival is mainly due to the fact that farmers have not yet fully resumed their grain sales. With the arrival of the peak of grain sales by farmers after the Lantern Festival, the supply of corn market is expected to increase, and the space for corn prices in North China to rise is limited in the short term. However, with the bottoming out of grain sources in Northeast China, corn prices in North China will rise, and it is expected that corn prices in North China will continue to rise after April.

According to market participants, there is not much surplus grain in the hands of traders and farmers, the source of grain in circulation in the market is less, and the current wheat procurement is relatively light. As the starting situation of flour-making enterprises turns better, the purchase and sale is expected to become more and more active. Monitoring shows that the wheat purchase price of flour mills in Xinxiang area of Henan Province is 2560 yuan / ton, down 10 yuan / ton from last week; the purchase price of wheat in Zhengzhou area of Henan Province is 2550 yuan / ton; and the purchase price of wheat of Zhoukou area of Henan Province is 2540 yuan / ton, which is the same as last week.