During the May Day holiday, the corn spot showed a trend of "rising first and then falling", however, the rise and fall time was short, and the adjustment space was relatively limited!
Supporting the rise of corn, mainly due to the rise in wheat prices, which stimulated the main body of corn market grain holding, the amount of corn decreased sharply, the source of grain arrived in front of the enterprise decreased, the factory looked at the car price, and the corn quotation rose slightly!
However, during the festival, precipitation occurred in North China and Huanghuai, and the amount of corn surged for a short time, and the arrival of Shandong enterprises increased to 1009 cars.
After the holiday, the market presents a situation of low purchase and sales, the price "changes overnight", the market in the producing area is more prominent, and the spot corn may enter the stage of "grinding the bottom" weak and stable!
According to data analysis, on May 6, the listed price of corn in deep processing enterprises was updated, among them, in the northeast of the producing area, Huanghuai and North China markets, the corn quotation was stable and small!
Northeast market: Jinzhou Port COFCO Zhongfu fell 1.5 points, and the execution price was 1.175 yuan / catty. In Heijiliao and Inner Mongolia, the listed prices of mainstream enterprises are stable, among them, in Heilongjiang, the mainstream corn price is about 1.1~1.145 yuan/jin, the mainstream corn price in Jilin and Liaoning is 1.125~1.16 yuan/jin, and the price of some enterprises in Inner Mongolia is about 1.17~1.18 yuan/jin!
Shandong market: the morning arrival level in front of the enterprise in 433 cars, compared with yesterday's decrease of 265 cars, Shandong, Zhucheng Xinxu rose 0.5 points, the execution price was 1.142 yuan; Zhucheng Yuanfa rose 0.5 points, the price was 1.133 yuan; Zhucheng Xingmao rose 0.5 points, the price was 1.14 yuan; Dongping Xiangrui fell 0.5 points, the price was 1.105 yuan/jin! Shandong mainstream corn price was 1.095~1.205 yuan/jin, and the mainstream enterprise listed price was 1.11~1.16 yuan/ Jin or so......
Hebei market: Qinhuangdao Lihua rose 1 point, the execution price was 1.165 yuan/jin, and the mainstream corn price in Hebei was 1.105~1.165 yuan/jin;
At present, the price of corn in domestic producing areas is showing a weak and stable trend, the trend of purchase and sales is more obvious, and the market purchase and sales are showing a double reduction situation!
On the one hand, the surplus grain of grassroots farmers has bottomed out, and the corn has been transferred to traders, due to the inversion of the price difference between the traders' grain source inventory, the main body of grain holding is reluctant to sell, and the sentiment of resisting selling grain at a loss has increased, and the supply pattern of corn is tight, and the surplus grain at the grassroots level in the North China market has basically bottomed out, the risk of selling pressure has weakened, and the channel has a strong mentality of raising prices;
On the other hand, the consumption capacity is insufficient, the corn inventory level of deep processing and feed enterprises is high, the downstream products of feed enterprises are not smooth, the deep processing enterprises are affected by the oversupply of starch, the pressure of enterprise competition is high, and many enterprises have a certain shrinkage to start the phenomenon!
Therefore, at this stage, the corn market is facing the situation of "double low" in the purchase and sale, and the market may continue to be weak and stable in the short term, however, due to the greater pressure on channel inventory, the new wheat listing cycle in North China and Huanghuai market is approaching, and some channels still have the expectation of Tengku corn to build wheat, and the corn supply before the wheat harvest will be relatively loose, and the enterprise also lacks the ability to undertake, I personally believe that the corn spot in the North China market may be dominated by weak shocks, and the decline space is relatively limited! In the future, with the gradual reduction of surplus grain at the grassroots level, the gradual digestion of enterprise inventory, and the continuous reduction of domestic imported corn levels, the spot price of corn may improve significantly!
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