State reserve capacity is tight, grain delivery is expected to speed up

A reporter from the Futures Daily recently learned from the State Grain Administration that the relevant departments have decided to commission Anhui Grain Wholesale Market to hold a special national policy grain bidding fair from January 6 to 8 next year. The varieties and quantities traded are 2 million tons of wheat, 4 million tons of japonica rice, 4 million tons of indica rice and 5 million tons of corn.

It is understood that different from the national policy grain bidding trade fair held regularly every week, the national policy grain special bidding fair has made some special regulations: first, it has relaxed the qualifications of participants in the transaction; second, it has increased the quantity that participants can buy; third, it has stipulated the specific delivery time of payment and goods.

According to the regulations, the buyers participating in the bidding transaction are the enterprises that meet the conditions stipulated in the current policy-related grain trading rules or the enterprises submitted by the relevant departments for this special bidding fair. The amount of wheat purchased by the buyer in this special trade fair is not limited by the relevant regulations on the daily processing capacity of wheat in the wheat trading rules. The limit of grain quantity that each buyer may bid for shall not exceed 100000 tons of wheat, 200000 tons of japonica rice, 200000 tons of indica rice and 200000 tons of corn. The delivery time of each contract for japonica rice is before April 30 next year (including 30 days, the same below), the delivery time for the goods is before March 15 next year, and the delivery time for corn is before May 31 next year, and the payment delivery time is before April 15 next year; the delivery time and payment delivery time for each transaction contract for wheat and indica rice shall be carried out in accordance with the relevant provisions of the transaction rules.

"before the Spring Festival, there is basically no opportunity for domestic wheat, corn and rice prices to rise, and a large number of grain reserves will increase market supply pressure." Li Weidong, a grain and oil operator in Nanjing, told Futures Daily that the three major grain varieties of the State Reserve had not been released from the warehouse at the same time. The government chooses to sell when the three major grain variety markets are all in the pure sales period, which on the one hand shows that the national grain reserves are huge and urgently needs to be dealt with out of the warehouse, and on the other hand, it shows that the warehouse capacity of grain enterprises everywhere is very tight, and the current selling is also freeing up storage capacity for the listing of new grain next year.

Zhou Dasen, a corn buyer in Hebei Province, believes that this year, the government has not introduced a policy of subsidizing freight for grain enterprises in the southern region to purchase corn from northeast China, and the policy of minimum purchase price alone cannot completely solve the problem of unsalable corn in Northeast China. The purpose of this special auction of 5 million tons of corn produced in Northeast China is to promote the export of corn in Northeast China, and the government also wants to achieve the goal of "promoting the old and storing the new".

The reporter also learned through market research that up to now, the number of rice and corn in the state reserve is very large, although the quantity of wheat in the state reserve has declined, but a considerable part of the stock wheat quality deviation, and sales difficulties.

It is understood that in order to improve the trading rate of the fair, the relevant departments have also introduced some incentive measures, such as buyers participating in wheat bidding transactions can also get next year's wheat import quota urgently needed by the market after purchasing.