In the middle of May, in the corn market, the grassroots surplus grain gradually decreased, the surplus grain in the Northeast was only less than half of the remaining, the amount of grain source gradually decreased, due to the high cost of channel inventory, the channel subscription mentality is poor, the local corn supply is reduced, however, due to the limited demand support, the downstream products of the enterprise are not smooth, the deep processing quotation is relatively stable, and the purchase and sale have a certain "stalemate" performance!
However, with the improvement of the demand in the southern market sales area, the price of bulk grain ports in the Pearl River Delta region rose to 2440 ~ 2460 yuan / ton, compared with the pre-holiday increase of 60 yuan / ton, by the external corn quotation rose, the southern market, the demand for the main body of replenishment demand increased, the Northeast port outgoing orders have improved, however, by the Northeast traders are not high sentiment, the mentality of selling at a high price is strong, the arrival of grain sources in the northern port has decreased, and the quotation of some enterprises in Jinzhou Port has risen!
Among them, Jinzhou Port Yongfenglong rose 25 yuan/ton, the execution price was 1.19 yuan/ton, Jinzhou Port COFCO Zhongfu rose 10 yuan/ton, the execution price was 1.195 yuan/jin, some ports have a certain phenomenon of grabbing grain, in particular, the cost of shipping is low, and the price of corn in South China has risen, which has also stimulated the enthusiasm of corn transfer in the north!
However, in the Northeast deep processing, due to the safety of enterprise inventory, the downstream orders are small, the operating rate is relatively low, and the quotation of enterprises remains stable.
In the North China market, at the end of April, the pace of grassroots surplus grain sales accelerated, at the beginning of May, the progress of local grain sales in 88%, due to the reduction of grassroots surplus grain and more scattered, traders increased the difficulty of collecting grain, corn circulation gradually decreased, in particular, local traders lack the enthusiasm of goods, corn supply pattern reversed, some downstream enterprises affected by the prospect of corn supply gap, the demand for replenishment on dips increased, and spot corn prices showed a bottoming trend!
However, due to the Hubei region, Xinmai listing, North China and Huanghuai market, some channels still have the phenomenon of vacating the warehouse, and some regional enterprises began to stop work to overhaul the machine, corn consumption follow-up has deteriorated, the purchase and sales sentiment is relatively cautious, by the amount of grain, the price of enterprises is adjusted!
According to the analysis of institutional data, on May 11, the listed price of corn deep processing enterprises was updated, in the northeast region, the corn spot was running steadily, and the listed quotation of some enterprises in Jinzhou Port rose, while in the North China market and Shandong, the quotation of enterprises was relatively stable, and sporadic enterprises were adjusted by the rise and fall of the price of grain arrival!
Among them, in Shandong, deep processing enterprises in the morning grain source arrival vehicles in 529 cars, compared with yesterday down 80 cars, in terms of quotation, lemon biochemistry rose 0.5 points, the execution price in 1.23 yuan / catty; Baofeng Biotech fell 0.2 points to 1.13 yuan, Zhucheng Yuanfa rose 0.5 points to 1.16 yuan, and Zhucheng Xingmao rose 0.5 points to 1.16 yuan! The price of corn in Shandong has generally stabilized, and the price of deep processing has remained at 1.11~1.23 yuan/jin!
In the Hebei market, the price of deep-processed mainstream corn is stable, and the spot price is maintained at 1.115~1.175 yuan/jin; In Henan, Shaanxi, Anhui and other places, the quotation of mainstream enterprises stabilized, among them, Xia County Shiyang feed was lowered by 1 point, the execution price was 1.19 yuan, and the quotation of deep processing enterprises was generally 1.095 ~ 1.175 yuan / catty!
Personally, I believe that at present, corn "180 ° change", the trend of market bottoming is gradually obvious, in particular, the price of corn in the outer disk is stronger, the price of corn in South China port has risen, and the advantage of corn outgoing in Northeast China has improved, however, due to the shutdown of enterprises in the North China market and the pressure of channel storage, the corn spot rise is facing certain pressure, in the short term, the market may continue to be weak and strong, entering the end of May and early June, with the consumption of enterprise inventory, the bottom of the grassroots surplus grain, the spot corn price will gradually strengthen!
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