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Corn Daily: Corn prices are starting to fall! More than 20 companies cut prices! Seize the moment and price point

author:Grain Baba Information

Today,the domestic corn market is mainly weak. Specific price quotes: https://wap.liangbaba.com/informationDetail?id=14377

Consecutive corn futures retreated from the high, and the main contract closed down at 2888 yuan. Shandong spot prices fell by 10-20 yuan / ton in an all-round way, the price of corn in the northeast stagnated and stabilized, individual enterprises tentatively lowered, and Beigang followed the disk surface and fell.

Corn Daily: Corn prices are starting to fall! More than 20 companies cut prices! Seize the moment and price point

The price of corn in the northeast producing area has stabilized at a high level, and there are signs of decline in the local area. Today, some deep processing enterprises in Heilongjiang lowered the purchase price of corn by 10-20 yuan / ton, and there are still individual enterprises in Jilin, Inner Mongolia and other places that raise prices to buy, but the market situation in the northeast production area has basically begun to show a stagflation phenomenon. With the continuous rise of this wave of prices, the grass-roots reluctance to sell mentality is obviously relaxed, coupled with the acceleration of the pace of tidal grain shipments caused by warmer weather, it is expected that corn prices in northeast producing areas will usher in a wave of phased corrections.

Corn prices in the Huanghuai-Huai-producing areas of North China have fallen across the board. Today, more than 20 deep processing enterprises in Shandong have lowered the purchase price of corn by 10-20 yuan / ton; the number of vehicles in Shandong has soared to 1294, an increase of 852 units over yesterday, which directly triggered the collective price reduction of deep processing enterprises. At present, the trend of corn price operation in North China is still "setting prices by vehicle", with the acceleration of the pace of local tidal grain shipments, the arrival of processing enterprises at the factory door has increased significantly, and the number of enterprises acquired at a low price has increased. However, the market is "both supply and demand", and the price decline is expected to be limited.

Corn Daily: Corn prices are starting to fall! More than 20 companies cut prices! Seize the moment and price point

Corn markets in northern ports began to weaken. The price of corn in Jinzhou, Liaoning Province, fell moderately, and the mainstream port price was 2740-2750 yuan / ton, down 10-20 yuan / ton from yesterday. The railway 75 trains and 4500 tons, an increase of 1300 tons from yesterday, and the auto transport port 555 vehicles 22000 tons, a decrease of 3000 tons from yesterday. The price of corn in Liaoning Bayuquan with a total of 82,000 tons of 5 ships was weakly consolidated, and the mainstream collection price was 2730-2750 yuan / ton, down 20-25 yuan / ton from yesterday; the morning car shipment was 490 units of about 20,000 tons, an increase of 40 units from yesterday.

Southern corn prices fluctuated slightly. Guangdong Shekou bulk ship corn prices as a whole tend to fall, the mainstream quotation of 2860-2890 yuan / ton, compared with yesterday's small decline of 10-20 yuan / ton. The price of corn in the two lakes area increased by 50-70 yuan / ton. The pressure on terminal aquaculture is more obvious, consumption is in a weak position, feed enterprises are more cautious in their warehouse preparation attitude, and the intention to inquire and collect is weak.

Corn Daily: Corn prices are starting to fall! More than 20 companies cut prices! Seize the moment and price point

At present, the domestic corn market has gradually digested the early benefits, especially after the price continues to rise to a certain height, which has attracted official attention. NDRC statement: Severely crack down on fabricating and disseminating price increase information, hoarding, price gouging and other illegal acts, while the exchange adjusts the margin and limits the daily opening volume of corn futures to no more than 10,000 lots, resulting in a high decline in futures prices. In addition, the rice auction began to be carried out in an orderly manner, and the release area was wide, with a number of more than one million tons per week, which had a significant inhibitory effect on the corn market. However, we still need to pay attention to the results of the auction, which will represent the market's acceptance of rice and is not expected to cause a panic shock to the market.

Comprehensive judgment, under the influence of factors such as policy volume release, increase in grass-roots circulation of grain sources, and international speculation mitigation, corn prices may appear in stages of correction, which is a good time for downstream or to build warehouses and stockpiles. April-May is still the bullish stage of the market, the overall trend of corn prices is easy to rise and fall, for the trade side, do not blindly chase high.