MySheen

Corn prices may rise slightly in July at a time when they are in the middle of nowhere.

Published: 2024-11-06 Author: mysheen
Last Updated: 2024/11/06, At present, it has entered the middle of July, and the corn market price remained depressed in the first half of the year, and recently there has been a small rise, but I believe many people are very concerned about how long the rising trend can last and to what extent it can rise. ...

At present, it has entered the middle of July, and the corn market price remained depressed in the first half of the year, and recently there has been a small rise, but I believe many people are very concerned about how long the rising trend can last and to what extent it can rise. Here, let's talk about the price of corn in July with you.

In fact, it is entirely reasonable for corn prices to rise by a small margin at present. Corn prices have been falling for more than three months this year. It can be said that corn prices have reached a low ebb, and it will be very unreasonable if they go down any more. the role of market regulation will automatically adjust prices, so the current rise in corn prices belongs to the normal price recovery image. But the rate of increase is still very small, it can be said that the room for increase is very limited.

In addition, the new corn is still about two months away from the market. After more than half a year of corn sales, the stock of corn in the market has decreased during this period, and corn prices will naturally rise to a certain extent.

However, you should also pay attention to the auction of old grain with temporary grain storage for three months, it can be said that the supply of old grain is very sufficient, which limits the increase of corn to a certain extent. However, the corn auction of temporary grain storage last week was not ideal, with 1.902 million tons of corn sold at auction, the turnover rate was lower than before.

In addition, the transportation cost of corn has increased recently, which is mainly due to the increased efforts of the transportation departments in North China to investigate and deal with it, the increase in transportation costs, the difficulty for the main corn producing areas in the northeast to enter the North China market, and the shortage of corn supply and demand in some areas. This has led to a small increase in corn prices in North China.

There is the main demand for corn farming industry, especially the pig farming industry. The demand for pigs will increase greatly during the Mid-Autumn Festival. At present, pigs are in the fattening stage, and the price of pigs has been low for half a year, and the price has rebounded. Corn, as the main feed product, will naturally be reflected in price. The price of corn is within a reasonable range.

It can be said that the corn market situation in July is still very optimistic, but the increase is not expected to be too large, after all, the rising space is limited.

The above comes from promoting agriculture through science.

 
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