Entering April, the performance of polarization in domestic corn producing areas is still prominent!
The Northeast region, as the "first brother" of domestic corn production, is often the focus of market attention, however, this year's "ground grain" has a limited impact on the Northeast market, and corn can still be "stable"!
The reason for this is that, on the one hand, the continuous increase in grain reserves in China has provided confidence for the market; on the other hand, traders and drying towers have a strong enthusiasm for purchasing and selling, and the grassroots tide grain can be "received" in a centralized market.
However, due to the follow-up of enterprises less than expected, the factory passive storage level is high, superimposed, overdue rice and the downturn in the breeding industry, which limits the sentiment of downstream enterprises to buy and sell, therefore, the Northeast market corn is mainly weak and stable!
However, in North China and the Huanghuai region, the corn market is not satisfactory, the listed price of enterprises in many places is not as good as that of Inner Mongolia and Liaodong, and the local corn has become a price "depression", and the phenomenon of inverted production and marketing in the market is more prominent!
Personally, I believe that the corn market in North China is "off the chain", mainly due to the obvious mismatch between production and marketing. Due to the lack of grain reserves and increased reserves as a "bottom-up", the local autumn grain corn production was harvested, while the progress of corn grain sales was slow, and the grassroots surplus grain was still more than 3 percent, which also caused the corn market to face severe selling pressure risks!
In particular, with the rise of temperature, the quality of grassroots grain sources is uneven, and the phenomenon of toxins exceeding the standard is more common, which inhibits the enthusiasm of feed enterprises to enter the market, and the inventory of deep processing enterprises is relatively safe, and the replenishment is mainly based on rolling storage, under the weak supply and demand, the corn market will inevitably have a downturn!
According to the latest data, on April 8, the domestic corn quotation update, fell, corn "fell crazy", North China and Huanghuai market continued to fall in a wide range of trends, however, the Northeast market is still weak and stable shocks! The specific market is as follows:
Northeast market: Jinzhou Hongrun quotation fell 1 point, the execution price was 1.17 yuan, Jilin Cargill Biochemical rose 0.5 points, the execution price was 1.15 yuan, Jilin fuel ethanol rose 1 point last night, the execution price was 1.14 yuan, the average price of black Jiliao and Inner Mongolia corn was 1.12 yuan/jin, and the listed price of mainstream deep processing enterprises was 0.88~1.19 yuan/jin;
Among them, Binzhou Jinhui, Yishui Dadi, Leling Zhonggu, Zaozhuang Hengren, Zouping Liuhe, Zou Cheng Rice Energy and other mainstream deep processing prices are 0.2~0.8 cents/jin, the average price of corn is 1.177 yuan/jin, and the mainstream enterprise quotation is 1.15~1.22 yuan/jin;
In Hebei, Ningjin Yufeng fell 0.5 points, with a strike price of 1.145 yuan, Derui starch fell 0.5 points, with a strike price of 1.145 yuan, and the average price of corn in Hebei was 1.162 yuan/jin, and the price of mainstream enterprises was 1.145~1.19 yuan/jin;
In Henan, Shaanxi and other places, Houyuan Biotechnology fell 0.5 points, with an execution price of .18 yuan, Weinan Oriental Hope fell by 2 points, with a strike price of 1.185 yuan, Hanyong Alcohol fell by 0.5 points, with a strike price of 1.175 yuan, Huaxing Biology fell by 0.5 points, with an execution price of 1.18 yuan, Baoji Fufeng fell by 0.5 points, with an execution price of 1.155 yuan, the average price of local corn was 1.16 yuan, and the listing price of mainstream enterprises was about 1.15~1.2 yuan/catty!
Personally, I believe that in the short term, the focus of the corn market will still be concentrated in North China and Huanghuai and other places, and the situation of weak and stable fluctuations in Northeast corn will continue, and the game between channels and enterprises is more obvious.
In North China and the Huanghuai market, by the demand for poor follow-up, the grassroots surplus grain is sufficient, corn quotation or will continue to fluctuate weak trend, however, due to the demand for enterprise replenishment, the price further decline space is limited, and with the main body of grain price mentality to become stronger, the corn market is not lacking in the opportunity to become stronger again!
From a rational point of view, in April, the corn market may be dominated by shocks, and the price trend may be "weak first and then strong", and the market may look for opportunities in changes......