Corn prices in some areas have shown a slight upward trend today, but the upward trend is not strong.

Judging from the market situation in June, the overall price was in a state of decline, and corn prices also rebounded at the end of the month. At the end of the month, Xingmao in Zhucheng, Shandong Province quoted 1830 yuan / ton, down 40 yuan / ton; Xinfeng starch ended the month, 1864 yuan / ton, down 12 yuan / ton; Yishui Land ended the month, 1840 yuan / ton, down 4 yuan / ton.

However, I think that although the price has risen at the end of the month, it is not sustainable.

First, we look at the recent rising market distribution, basically the rising region is concentrated in North China. As we all know, the main corn producing areas in China are concentrated in the northeast and Huang-Huai-Hai region. The recent strict traffic inspection has led to a rise in transport costs, which has directly led to a rise in prices in North China. It is difficult for corn from Northeast China and Huang-Huai-Hai region to enter North China, which leads to tight market supply.

Second, US trade tariffs are about to be imposed. A 25% tariff on American agricultural products such as soybeans and corn will be imposed on July 6th. Corn imports fell on the news, such as the recent return of 120000 tons of American soybeans to the United States.

Third, the frequency of auctions has accelerated recently. at present, 92.6362 million tons of corn have been put in temporary storage supply, and 49.57 million tons have been sold, basically more than 50% of which have been sold. In June, the auction frequency has accelerated. At present, the temporary storage of corn has been released from the warehouse by about 50%. After that, it seems that the grain storage still has no intention of stopping bidding, and I am afraid the market will still be dense in the future.

Fourth, recently received environmental protection and seasonal shutdown factors, the production capacity of enterprises has also declined, resulting in a reduction in the demand for corn by major corn processing enterprises.

To sum up, this rise may not be sustainable, but it can not be said to fall. Scientific Xingnong believes that there is a grain reserve auction reserve price as a support, the market decline is limited, and under the premise of grain storage support, the rising space is still not optimistic. Therefore, for this round of rise, we should not hold too much hope.

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