Since the autumn grain market, the corn market has been falling endlessly, which continues to affect the mood of growers, especially since April, the Northeast corn has "stabilized a batch", but it has risen weakly, although the pressure on the supply of tide grain has been reduced, but the pressure on dry food has been increasing.
At present, the status of the Northeast corn "low price area" has been shaken, the price of corn in many places in North China is lower than that of the Northeast, due to the different routes of export to the south, the cost performance of corn in North China has improved, the difficulty of corn export in Northeast China has increased, and a large backlog of corn in the port has increased, however, the difficulty of new orders is greater, the mainstream southern sales area market, feed and deep processing are mainly based on imported grains and corn substitution, and the heat of corn in North China has also increased in southwest and South China!
However, at this stage, the corn market will continue to be strong in supply and weak in demand! In the northeast region, traders are not high in the mentality of subscribing, the wait-and-see mentality of enterprises is strong, the supply and demand of corn in the circulation link are low, and the spot corn continues to move sideways!
In the North China market, due to the existence of surplus grain at the grassroots level, the demand for traders' replenishment has gradually decreased, the level of corn circulation has increased significantly, and the morning corn arrival level in Shandong is still 1062 cars.
According to data analysis, on April 13, the domestic mainstream producing areas of Shandong and Northeast China, the listed prices of deep processing enterprises were released, and they fell, and the price of corn "fell sharply", and the price level of spot corn further moved downward, and the specific market is as follows:
Northeast market: Jinzhou Port Yongfenglong, corn quotation fell 0.5 points, the execution price was 1.18 yuan, Heijiliao and Inner Mongolia corn spot average price at 1.118 yuan/jin, mainstream enterprises quotation stabilized at 1.05~1.185 yuan/jin!
Shandong market: Chenming starch fell 0.2 cents, quoted at 1.172 yuan, Shouguang golden corn fell 0.2 cents, quoted at 1.172 yuan, Zouping Liuhe fell 0.5 cents, quoted at 1.15 yuan, Yishui Qingyuan fell 0.2 cents, quoted at 1.16 yuan, Qixing lemon fell 0.5 cents, quoted at 1.174 yuan, Yishui Dadi fell 0.3 cents, quoted at 1.17 yuan, Leling Zhonggu fell 0.4 cents, quoted at 1.15 yuan, Shandong Luzhou fell 0.5 points, quoted at 1.16 yuan, Zhucheng Yuanfa and Xingmao fell 0.3 points, quoted at 1.17 yuan, Binzhou Jinhui fell 0.3 points, quoted at 1.152 yuan / catty!
At present, in Shandong, the average price of mainstream deep-processed corn is 1.165 yuan/jin, the listed price of most enterprises is 1.15~1.18 yuan/jin, and the listed price of sporadic enterprises has fallen to about 1.13 yuan/jin!
At present, the domestic corn market continues the trend of "grinding the bottom", the analysis of the inflection point of corn, I personally believe that the space for corn to fall again is limited, and the bottom support of the North China market may gradually become stronger!
On the one hand, China Grain Reserves has successively carried out special corn reserves in North China, which has certain support for market sentiment, and the mentality of grain traders who are reluctant to sell and wait for the rise has become stronger;
On the other hand, the surplus grain at the grassroots level has been further reduced, and the mentality of peasant households to resist low-price grain supply has become stronger, especially the supply of tide grain has gradually ended, and the mentality of high-quality dry grain market has become stronger!
Superimposed, deep processing enterprises maintained a strong operating rate, the operating rate of sample enterprises in many places in North China was about 60%, the level of corn consumption was high, and the demand for stockpiling gradually improved. Due to the lack of regional grain source price difference, North China corn has a price advantage to the south!
Therefore, based on various factors in the market, I personally believe that the space for corn to fall again in the North China market is limited, and the corn market may enter the inflection point of "turning from weak to strong"! Focus on the North China market, the news of increasing grain reserves in China!
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