May gradually into the middle of the month, recently, the performance of the corn market is becoming more and more clear, the North China market, deep processing quotations have also ended the situation of falling more than once, although, by the stage of loose supply and demand follow-up cautious, the price increase in general, however, the corn market has been "reversed", the price into the bottom of the upward trend!
At present, there are multiple positive supports in the corn market!
On the one hand, the grassroots grain sales have entered the final stage, the grain supply pattern has gradually decreased, the pressure on corn supply has been reduced, and the channels are mainly harvested and gone, the inventory is reluctant to sell due to the entry cost, the grain source in front of the enterprise is relatively low, and the supply level is gradually declining;
On the other hand, due to the rise in the international market corn market and the rise in domestic corn contract quotations, the bullish sentiment of the main body of grain holding has become stronger, and the confidence of reluctance to sell has increased, while the main body of demand is worried about the prospect of corn price increase and the corn supply gap, and the capacity to undertake has improved, and the phenomenon of corn replenishment has increased!
Therefore, with the support of many positive parties, spot corn quotations maintained a volatile and higher situation! However, from a rational point of view, it is difficult to realize the complete outbreak of the phased corn rise, and the market will still be weak and stable, and the rise will still be under pressure from the purchase and sales side!
On the one hand, there is still a small amount of supply at the grassroots level, and the North China market, by the new wheat harvest is expected to be higher, the new wheat quotation has a low performance, Hubei part of the local purchase price is only about 1.18 yuan / catty, part of the moisture is large, the quality of the wheat or will be transferred to feed again, which increases the concern of some traders about the prospect of corn consumption, enterprises cautious to receive the sentiment is stronger;
On the other hand, due to the North China and Huanghuai markets, the wheat harvest has entered the countdown, and some corn grain holders still have the phenomenon of vacating the warehouse, and the phased supply of corn is relatively loose, while the inventory level of enterprises is high, and the centralized replenishment lacks enthusiasm!
According to data analysis, on May 13, the listed price of corn for deep processing enterprises was updated, among them, in the Northeast market, the average price of corn listed for deep processing enterprises was sideways at 1.108 yuan / jin, and the listed price of local deep processing enterprises was generally around 0.9 ~ 1.18 yuan / jin, among them, the price of Yongfenglong in Jinzhou Port fell by 10 yuan / ton, and the execution price was 1.185 yuan / jin!
Shandong market, deep processing of corn in the morning arrival vehicles in about 258 cars, down 17 cars from yesterday, Shandong, factory quotations generally rose, among them, Boxing Xiangchi Jianyuan, Seven Star Lemon, Changle Shengtai, Changle Yingxuan, Zaozhuang Hengren, Zou Cheng Xilai, Zouping Ronghai, Zouping Xiwang, Chenming starch, Binzhou Jinhui, Shouguang Golden Corn, Weifang Tianli, Yucheng Bowling Bao, Dezhou Heyang Biology and Dezhou Fuyang, corn spot prices rose 0.3~0.8 cents / catty, The average price of corn in Shandong is 1.153 yuan/jin, the mainstream quotation of local enterprises has risen to 1.12~1.235 yuan/jin, and the quotation of most enterprises is about 1.14~1.18 yuan/jin!
In the Hebei market, the quotation of deep processing has generally stabilized, and the listed price of mainstream enterprises is 1.125~1.175 yuan/jin, and the average price is 1.146 yuan/jin; In the Henan market, the listing price of mainstream enterprises is about 1.095~1.185 yuan/jin!
Personally, I believe that due to the interweaving of long and short phases, the coexistence of bullish and bearish sentiment in the market, the fundamentals are slightly stronger, and it is expected that the spot corn price will still be dominated by shocks and rises, and the price lacks a significant basis for rising!