Others laugh at me for being crazy, and I laugh at others for not being able to see through it!
At present, the corn market is "cloudy", the market continues to be sluggish, into the beginning of April, the market has not reversed, however, some changes are "can only be understood, can not be said"!
For example, in April, the focus of the supply and demand game in the corn market has gradually changed from farmers to traders; for example, the change in the quality of corn has gradually shifted from tide grain to high-quality dry grain; for example, the change in market sentiment has gradually changed from panic to firmness. Although it cannot alleviate the current situation of weak corn, it is enough to make the prospects of the market more clear!
At present, the corn market is intertwined with long and short, the balance of the market will continue to change, rationally, the bearish sentiment is gradually consumed, and the good support will gradually surface, and the corn market has entered the stage of bottoming.
However, judging from the current situation of the market, the corn market is slightly sluggish, especially in North China and Huanghuai markets, in the short term, corn is still under weak pressure. However, in the Northeast, corn support will also gradually improve, and the market may have a strong opportunity!
In the northeast market, the surplus grain at the grassroots level is gradually consumed, and the farmers are busy with spring ploughing, the pressure on the supply of tide grain has been reduced, and the sentiment of reluctance to sell grain has become stronger. The inventory of traders and drying towers has increased, the storage difficulty is weak, the bullish mentality has become stronger, the storage cost of corn is higher, and the mentality of resisting low prices to grain has heated up.
Superimposed, Jilin region, a new round of grain storage directly under the warehouse to open the storage plan, the bottom of the corn support to further strengthen, the main body of grain subscription mentality is not high, the circulation of spot corn is reduced, feed and deep processing enterprises inventory security, however, by the reduction of the amount, some enterprises in order to stabilize daily consumption, there is a certain increase in the operation of replenishing the warehouse!
According to the data of the institution, on April 2, in the Northeast region, the price of corn deep processing showed a narrow upward trend, of which, Heilongjiang Yipin rose 1 point, the execution price was 1.115 yuan/jin, Tieling Guotou rose 0.5 points, the execution price was 1.17 yuan/jin, Cargill Biochemical rose 0.5 points, the execution price was 1.145 yuan/jin, Jilin Xintianlong rose 0.5 points, the execution price was 1.145 yuan/jin, Shenyang Hongyuan rose 0.5 points, the execution price was 1.097 yuan/ Jin; Fufeng, Inner Mongolia fell 0.5 points, and the execution price was 1.185 yuan/jin! Heijiliao and Inner Mongolia, the mainstream corn spot price was about 1.1~1.19 yuan/jin!
In North China and the Huanghuai market, recently, the local corn spot price is unsatisfactory, and the market continues to fluctuate downward!
According to the weather forecast, in the past two days, in North China and Huanghuai many places, a new round of precipitation weather is about to unfold, many places will appear light to moderate rain weather process, affected by precipitation, corn storage difficulty increases, especially, the temperature warms up, corn resurgence and mildew risk increases, grassroots grain sales pressure increases!
Judging from the market feedback, at present, the local grassroots surplus grain is still more than 3 percent, the farmers' sentiment to sell grain is still high, and the enthusiasm of traders to further build the warehouse is weakened, the corn is harvested and down, the supply of circulation links increases, the arrival of enterprises in front of the door increases, and the mentality of taking advantage of the situation to reduce prices has become stronger!
In Shandong, the deep processing of corn in the morning to the factory vehicles in more than 1270 vehicles, enterprises by the supply of sufficient grain, the price of the mentality is strong, however, some enterprises have just need to put into the warehouse operation, therefore, the decline in corn is relatively limited!
Among them, in Chenming starch, Zaozhuang Hengren Industry and Trade, Heze Chengwu land, Daze Cheng Biology, Leling Zhonggu starch, Yucheng Bowling Bao, Shandong Luzhou, Yishui Land, Seven Star Lemon, Shouguang Golden Corn, Zhucheng Yuanfa, enterprises listed down 4~10 yuan/ton, local deep processing enterprises, corn listed price at about 1.15~1.235 yuan/catty!
Personally, I believe that due to the different pressure of corn sales in the production areas of the stage, the spot price of corn is differentiated, however, due to the gradual consumption of the market, the positive support is gradually emerging, and it is expected that the spot corn will gradually weaken the space for further decline!
In particular, the inventory of deep processing enterprises continues to be consumed, the demand for enterprise replenishment will gradually increase, and the domestic breeding industry is gradually improving, the price of live pigs is rising against the trend, the market is replenishing the column and the sentiment of the second breeding is stronger, the level of feed consumption or will be improved, the domestic trade corn procurement demand of feed enterprises may improve, in the long term, the corn market still has the opportunity to rise unilaterally!