Corn yield may be affected by continuous drought in Northeast China. Corn price is promising.

Judging from the available data, the drought in Northeast China has directly led to the reduction of corn production this year has become a foregone conclusion. Although there will be varying degrees of drought during spring sowing and summer sowing in Northeast China over the years, the drought situation this year is still quite serious, due to the persistence of drought, it has directly led to the delay of sowing, the decline of seedling emergence rate and even the death of seedlings in some areas of Liaoning, Jilin and Heilongjiang. The persistence of drought also directly affected the growth and development of maize at seedling stage, resulting in a reduction in yield has become inevitable.

For the above situation, food prices will be affected to a certain extent in the future, although there does not seem to be any impact at present. Judging from the current trend of corn grain prices, it should still be in the policy market, decided by the temporary storage auction. Up to now, Linchu has continuously put nearly 50 million tons of grain at auction into the market, but the auction still has not stopped, and the situation that grain prices do not rise will continue.

What is promising, however, is that the effects of the drought will gradually emerge in the future, with auctions coming to an end in July, and grain traders' expectations for corn prices will be reflected later. First of all, the reduction in corn production caused by this year's drought has made many traders and deep processing enterprises with a keen sense of smell aware of the tightness of corn food supply in the future, and have increased a lot of confidence in future corn acquisitions. In addition, due to the state's efforts to promote soybeans this year, soybean planting targets have been issued in many provinces and regions, and corn planting subsidies have been reduced at the same time, which has directly led to the reduction of corn planting area this year, which means that even without God's help, this year's total corn production is unlikely to exceed 215 million tons in 2017.

This year, due to the low price of live pigs, the demand for corn has declined, but with the recovery and expansion of the production capacity of corn processing enterprises in recent years, the demand for corn has also reached its peak. Therefore, overall, the demand for corn is expected to increase this year.

Judging from the above information, there is an impact of drought on the future price of corn, but it is not clear how big it is. After all, there are too many factors affecting the price in the market, and the future corn market is still promising.

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