MySheen

Corn downstream consumption resumes weak Corn Price weak Operation-Corn Price

Published: 2024-11-06 Author: mysheen
Last Updated: 2024/11/06, First, the spot market Northeast production area: the reduction of the quantity of high-quality corn in the Northeast temporary storage and acquisition is still the main force, trade purchase and sale is slightly weak, downstream goods are not smooth, and grass-roots grain prices are strong, traders' willingness to purchase is reduced, and individual small traders stop receiving. Temporary reserve acquisition standard

I. Spot market

Northeast producing area: decrease in quantity of high-quality corn

Northeast temporary reserve acquisition is still the main force, trade purchase and sales are slightly weak, downstream goods are not smooth, and grass-roots grain prices are firm, traders purchase willingness is reduced, individual small traders stop receiving. The temporary reserve acquisition standard is strict. With the progress of acquisition, the quantity of high-quality corn in the market gradually decreases, and the recent acquisition progress has a steady slowdown trend. It is expected that Northeast corn will maintain a stable and weak trend in the short term. Pay attention to the consumption speed of high-quality corn in the later stage.

North China production area: dry food scarce price firm

Recently, there is haze weather in North China again. In addition, the temperature is too high, so it is difficult for corn moisture to decrease. There is not much dry grain in the market. Near the end of the year, the amount of tidal grain increases, but the higher moisture content of corn affects the enthusiasm of enterprises to prepare stocks. Enterprises make up a small amount of stocks, and there is no plan to prepare a large amount of stocks. It is expected that the price of dry grain will be firm in the short term. With the continuous increase of supply, the grain price before the year may fall. Pay attention to the grain supply in North China.

Southern sales area: enterprises are not willing to prepare warehouses

The grain price in the sales area is stable and weak, and the purchase and sale of trade goods are not smooth. With the big pigs coming out, the feed sales volume declines obviously, the purchasing rhythm of enterprises slows down, and the production area increases, and the willingness of enterprises to prepare stocks is not high, so they still keep a wait-and-see attitude and pick them at any time. It is expected that the grain price in the sales area will be weak in the short term.

North and South Ports: Guangdong Port North China Corn Arrival

Recently, the price of northern ports has been firm. The mainstream purchase price of Jinzhou Port is 2060 yuan/ton. The arrival of grain is still mainly from Liaoning and Inner Mongolia, and a small amount of tidal grain comes from North China. North China corn in Guangdong Port has arrived for six consecutive times. There is a price difference of 80-100 yuan/ton between the low price and northeast corn, which hinders the price rise of bulk grain in Northeast China. The overall demand has not improved yet. It is expected that the price of Guangdong Port may remain stable in the short term.

Feed farming: Southern demand has improved

The price of live pigs nationwide is stable as a whole, with local ups and downs. After the early concentrated output of northern farmers, the number of large pigs in their hands is not large. At present, they mainly wait and see, and the terminal consumption is weak, and the price rise of pigs is limited. In the short term, the price of pigs in the north is weak or weak. After the winter solstice, the production of bacon sausage in southern China entered the peak period, consumption improved, in addition, the stock of live pigs was low, local pig prices were firm, and it is expected that the price of pigs in southern China may improve in the later period.

Deep processing: starch price weakness downward

Dragged down by the decline in raw corn prices, coupled with fewer orders in the middle of the month, starch stocks rose, starch prices in the near future weak operation, approaching the end of the month price adjustment period, starch prices are expected to have downward space. Affected by the anti-dumping investigation of corn wine dregs, the price of domestic DDGS shows signs of rebound and may remain firm in the short term.

II. Market analysis

Recently, the production area is in the upper stage, the grain price trend is relatively stable, the northeast temporary storage supports the grain price, but the quantity of high-quality corn decreases one after another, the pressure of grain sales may increase in the later stage, and the trade purchase and sales are not smooth, so attention should be paid to the consumption of corn exceeding the standard in the northeast in the later stage. The increase in supply in North China and the large moisture content of corn affect the purchasing mentality of enterprises. It is expected that the price of dry grain will remain firm in the short term. Pay attention to the weather conditions in North China. In the later period, the price difference between Northeast China and North China was still focused on.

 
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