Falling, corn "falling sharply"! The inflection point is coming?
Recently, the trend of the domestic corn market production area is obviously differentiated, due to the northeast production area, supported by the good storage and storage, the grassroots surplus grain is gradually digested, the risk of market selling pressure has been sharply reduced, the progress of grain sales in the northeast is more than 9 percent, and the bottom support of corn is more obvious, but due to the general follow-up of demand, the rebound of corn is limited, and the market maintains a weak and stable situation!
However, in the North China market, the risk of corn selling pressure still exists, the progress of local grain sales is not as good as that of the Northeast, and the surplus grain at the grassroots level is still 2~3 percent, and by the early entry of the trade zone to build a warehouse, the enthusiasm for further replenishment of the warehouse demand is reduced, traders go with the receipt, the pressure of corn supply is transmitted downward, and the arrival of enterprises is loose, limited by the lack of rigid demand of feed enterprises, the inventory level of deep processing enterprises is higher, the corn capacity is poor, and the deep processing rolling replenishment is more obvious according to the volume!
In the northern port area, due to the southern market, feed and deep processing enterprises are mostly replaced by imported corn and rice and grain flour, and the demand is general, and the market has a strong resistance to high-priced corn, which also causes fewer ships to operate in the northern port, and traders are mainly based on order execution, while the port arrival corn surges, and the quotation is slightly lowered!
According to data analysis, on April 10, the listed price of deep-processed corn was updated, and it fell, and the corn "fell sharply", and the northeast market continued to be weak and stable, however, the large-scale decline in the deep processing quotation in the Shandong market continued, and the specific market is as follows:
Northeast market: Inner Mongolia Yipin fell 1 point, the quotation fell to 1.165 yuan / jin, Suihua Haotian rose 1 point, the execution price was 1.155 yuan / jin. The average price of corn in Northeast China is 1.123 yuan/jin, and the listed price of mainstream enterprises is about 1.1~1.18 yuan/jin!
Shandong market: morning corn to the factory vehicles in 1123 cars, deep processing in front of the arrival of loose goods, enterprises continue to a wide range of price phenomenon, among them, Zaozhuang Hengren, Daze into biology, Heze Chengwu Dadi, Zouping Liuhe, Seven Star Lemon, Dezhou Heyang biology, Changle Yingxuan alcohol, Pingyuan Fuyang, etc., the mainstream corn processing enterprises price range in 0.2 ~ 1 cents / jin, Shandong corn listed price in 1.169 yuan / jin, the mainstream deep processing quotation fell to 1.14 ~ 1.21 yuan / jin, sporadic quotation in 1.27 yuan / Catty!
At present, the corn market continues to fluctuate downward trend, I personally believe that due to the North China market, the grassroots surplus grain still exists, the grassroots selling grain mentality is higher, especially, by the weather changes, corn storage is more difficult, traders with the harvest with the go, corn supply pressure still exists!
However, the local surplus grain is gradually decreasing, the inflection point of the corn market will also come, it is understood that on April 11, Shanxi grain storage branch began to purchase Hebei, Anhui, Henan, Shanxi and other places corn, which may drive the local grain storage concentration to increase the trend, for the local corn market or have a certain benefit!
Rationally, there is little room for corn to fall in North China, but the price increase is also facing the pressure of insufficient demand, in particular, the summer grain wheat harvest is imminent, some local traders still have the operation of Tengku corn, the market still needs time to exchange space, into mid-to-late June, corn opportunities will gradually appear!
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