Entering the second half of April, recently, the trend of bottoming out in the domestic corn market has become increasingly obvious, especially in the North China market, before that, the grain sales of grain were concentrated, the risk of corn selling pressure increased sharply, and the spot corn fell more than once, and in some areas, the deep processing quotation and the northeast inversion phenomenon further appeared!
With the gradual reduction of surplus grain at the grassroots level in North China, the pressure on grain supply has also eased, superimposed, the market is worried about the reversal of the supply pattern, the demand for downstream enterprises to replenish the warehouse is improving day by day, the North China market, corn "opened", however, the performance of corn in the Northeast is not satisfactory, the price of enterprises continues to be stable and weak, and the market is worried about the prospect of corn!
According to data analysis, on April 20, the domestic mainstream producing areas, corn spot quotations were updated, rose, corn "rose", and the quotation of Shandong enterprises increased, and the specific market is as follows:
Northeast market: corn quotation continued to be weak and stable, among them, Jilin Cargill biochemical price fell 0.5 points, the price was 1.145 yuan/jin, Jilin fuel ethanol fell 2.5 points, the price was 1.115 yuan/jin!
Shandong market: the morning corn deep processing to the factory level in 918 cars, compared with yesterday an increase of 210 cars, the increase in the number of goods in front of the enterprise, Shandong, deep processing quotation adjustment!
Among them, Zhucheng Yuanfa fell 0.3 points, the execution price was 1.169 yuan, Zhucheng Xingmao fell 0.3 points, the execution price was 1.174 yuan, Baofeng Biotechnology fell 0.3 points, the execution price was 1.142 yuan, Zoucheng Xilai Rice fell 0.5 points, the execution price was 1.142 yuan, Shandong Yishui Dadi rose 0.3 points, the execution price was 1.167 yuan, Yucheng Bowling Bao rose 0.3 points, the price was 1.148 yuan, Chenming starch rose 0.3 points, the price was 1.166 yuan, Shouguang Golden Corn rose 0.3 points, the execution price was 1.166 yuan, and Weifang Tianli rose 0.3 points, the price was 1.166 yuanThe average price of corn in Shandong is 1.158 yuan/jin, the price of mainstream enterprises is 1.14~1.18 yuan, and the price of sporadic enterprises is less than 1.3 yuan/jin!
Personally, I believe that at present, the corn market has gradually entered the stage of bottoming, and the situation of weak and stable market is gradually emerging! In particular, the surplus grain at the grassroots level has decreased, the risk of selling pressure at the grassroots level has weakened, the amount of goods on the front of the enterprise has decreased, and the spot corn is expected to be stronger or stronger!
However, from a rational point of view, the North China market, the grassroots surplus grain is relatively loose, the level of raw grain inventory of enterprises is at a high level, and the mentality of the factory to raise prices to stimulate the amount may not be good, especially in North China and the Huanghuai market, the new wheat is about to be harvested, and some traders still have the expectation of Tengku, and the deep processing and construction of the warehouse may be more cautious, and the sentiment of using and picking may be strong!
In the Northeast market, although the surplus grain at the grassroots level has decreased, the channel inventory is high, in particular, the regional grain source price difference is insufficient, and it is difficult to transfer the Northeast grain source, and some traders are worried about the risk of North China corn going north, and the price mentality has loosened slightly, and the corn market may have a weak risk!