Hebei-Shandong-Henan corn market starts "cat winter" ahead of time.

Recently, reporters have shuttled between the vast rural areas of Henan, Hebei, and Shandong, and corn hoarders neatly placed by farmers can be seen everywhere, and more than 10 corn hoarders with a height of about two meters are even stacked at the gates of some farmers.

Cui Ruibing, a corn trader traveling with Futures Daily reporter, said that since the new corn went on sale in October, the corn purchase price has been falling all the way, and now it is only 1.05 yuan per jin. Even if the corn price is already in the low price area in recent years, no one has come to buy it.

"with sufficient supply, weak demand and poor sales in the corn market, farmers have to hoard a large amount of corn at home." According to Cui Ruibing, except for the collection and storage of corn led by the government in the northeast, the purchase and sale of corn in other regions, especially in Hebei, Shandong and Henan, is basically stagnant. Compared with previous years, Hebei-Shandong-Henan corn market started "cat winter" ahead of time.

"you can't sell alcohol, let alone alcohol, so how can you have any extra money to buy corn?" Wang Jinjie, a corn alcohol producer in northern Henan, told reporters that the alcohol was sold out before it was produced a few years ago, and now a considerable part of it is sold on credit, and the liquor produced in the factory is even more difficult to sell because it is not famous.

According to the reporter's understanding, the biggest demand area of corn-industrial grain is still not improving. Restricted by the backlog of corn starch factory products, feed factories entering the off-season, insufficient start-up of alcohol factories and other factors, the phenomenon of corn oversupply in Hebei-Shandong-Henan region is relatively common, and its prices have fallen steadily. Some traders estimate that corn prices will fall to 1 yuan per jin next spring, and there is basically no opportunity for intervention in the spot market.

Qi Kai, a corn buyer in Huaxian County, Henan Province, told Futures Daily that at least 500 tons of corn would be purchased at this time in previous years, but he is not going to hoard a jin this year because people are not optimistic about corn prices. When it comes to future plans, he is a little helpless. "We can't do the business of who collects and who loses money, and we won't decide how to do it until the market is clear."

"the quality of corn in the customs is not very good, and there is no government subsidy for corn shipped from Northeast China, so the company now mainly uses imported sorghum instead of corn." Ma Feng, a Guangxi feed producer, said that compared with imported sorghum, domestic corn does not have any advantages, and feed factories do not have much profit space now. In order to reduce production costs, many feed factories have adjusted their raw material formulations.

In recent years, in addition to being shipped to the south as feed raw materials, most of the corn produced in Hebei, Shandong and Henan will be transported to starch production enterprises in Shandong or digested locally. Judging from the current operating situation of enterprises such as egg and poultry prices and starch production in the above three regions, the probability of booming corn demand is very low, the overall decline in agricultural prices and starch, alcohol and other sales difficulties make corn prices basically have no opportunity to rise.

Ma Feng believes that the weak demand and falling prices in the domestic corn market, especially in Hebei, Shandong and Henan, will continue for a long time. As the temperature rises next spring, it is more likely that farmers will concentrate on selling corn. At that time, corn prices may fall to the lowest point, feed and corn processing companies can seize the opportunity to buy some low-priced grain.