Corn prices go up and down! Soybean meal may have a big market next week!

[corn Price Market Daily]

Data from Zhi Nong Tong APP show that corn prices across the country fell and rose in the range of 20-40 yuan per ton on August 12, with the main rising areas concentrated in the Huanghuai area of North China, while corn trading prices still declined in some ports in the south. The local rotation corn price in Heilongjiang is stable at 1530-1650 yuan / ton; the policy grain circulation is mainly in Jilin area, and the corn price is stable at 1630-1740 yuan / ton; the purchase price of corn in Hebei, Shaanxi, Anhui and Shanxi remains stable; the local corn price in Shandong and Henan rose slightly by 20 yuan / ton, while the corn price in Henan high area was 1840 yuan / ton. Shandong local deep processing enterprises continued to raise the purchase price by 20 yuan / ton. The transaction price of corn in Dalian, Bayuquan and other north ports is stable at 1800-1830 yuan / ton; the transaction price of corn in Jiangsu and Shanghai ports has dropped 20-40 yuan / ton; the inland corn arrival price in Jiangsu has stabilized; and the second-class corn arrival price in northwest Sichuan has dropped to 2030-2100 yuan / ton.

Recently, corn prices in Huanghuai and other places in North China have taken the lead in rising, mainly due to the scarcity of high-quality grain sources and the increase in purchasing enthusiasm of grain enterprises. However, with the gradual launch of policies and the fact that new corn will enter the market in the coming months, the future trend of corn prices makes it difficult to be optimistic. And the recent enterprise stock and holiday effect may lead to a phased rebound in corn prices.

[soybean meal Price Daily]

Zhi Nong Tong APP data show that: August 12 national soybean meal prices are mostly stable, local fluctuations of 10-20 yuan / ton up and down. The price of soybean meal in mainstream oil factories in Shandong is stable at 3030-3140 yuan / ton; the price of soybean meal in Jiangsu local oil plant is slightly reduced by 20 yuan / ton; Zhejiang and Shanghai is stable at 3150-3200 yuan / ton; Guangdong and Guangxi are slightly reduced by 10-20 yuan / ton; the price of soybean meal in individual areas of Fujian is down by 10 yuan / ton; the price of soybean meal in Beijing, Tianjin and Hebei is stable, with a price range of 3100-3150 yuan / ton; Jilin and Liaoning continue to hold steady. The prices of soybean meal in Henan, Shanxi, Shaanxi, Hunan and Jiangxi are all the same as yesterday; Anhui fell by 20 yuan per ton; Hebei has its ups and downs; and local traders in Yunnan raised the price of soybean meal by 10 yuan per ton.

The August supply and demand report of the United States Department of Agriculture is about to be released, and the prices of American beans and soybean meal in China have maintained a narrow range of fluctuations. The market is expected to report bearish, but the impact of the early release of currency, soybean meal prices may continue to maintain a volatile trend next week. Yuebao suggested that the purchaser should continue to maintain safety inventory and should not go too far.