May is about to pass the halfway point, in the domestic corn market, corn ushered in a cyclical rise in the "inflection point", deep processing sounded the horn of rise......
This time, corn prices bucked the trend and strengthened, and I personally believe that the reasons are as follows:
On the one hand, the price of corn contracts has risen sharply! Among them, the price of corn 2407 contract continued to rise, the price was quoted at 2388 yuan/ton on April 30, and the price was quoted at 2460 yuan/ton so far, and the price rose by 72 yuan/ton, an increase of 3.02%!
Supported by this factor, the bullish sentiment of domestic grain-holding entities has become stronger, traders are reluctant to sell at high prices, and channel grain sources have decreased. The progress of grain sales in the producing areas has accelerated, the surplus grain has gradually decreased, the surplus grain of farmers has weakened, the enthusiasm for selling grain has decreased, the corn supply pattern has gradually tightened, and the market support has gradually become stronger!
On the other hand, the demand follow-up is getting stronger! Affected by the rise in international corn, the price of domestic corn futures has risen, the cost of imported corn has risen, the price of corn in southern ports has risen sharply, the demand for replenishment in the sales area has increased, and the enthusiasm for the export of grain sources in Northeast China has become stronger, which has boosted the sentiment of local channels to raise prices. In the North China market, due to the bottoming out of the surplus grain at the grassroots level, traders have raised prices and shrunk volumes, and the amount of deep processing enterprises has remained low in front of the door for many consecutive days, the demand for replenishment of enterprises has increased, and the operation of bargain storage has become stronger, and the enthusiasm for purchase and sale has improved!
Therefore, under the support of many parties, the spot corn market is showing a bottoming trend, in the short term, corn prices may be "easy to rise and difficult to fall", however, corn prices also lack the support of a sharp rise, and the price rebound is still facing pressure from many parties!
First, the new wheat harvest is imminent, Hubei new wheat low open listing, Shandong, Henan and other places of new wheat will also enter the countdown to harvest, the new wheat scale price is still at risk of lowering, Hubei part of the local new wheat loading price dropped to 1.15 ~ 1.18 yuan / catty, the price difference between new wheat and corn further narrowed, some low-quality wheat still has the pressure to replace, which may inhibit the enthusiasm of feed enterprises to replenish corn;
Second, the grassroots surplus grain in the North China market is still about 1 percent, some farmers still have the rhythm of selling grain, and some traders also have the opportunity to turn to wheat in Tengku, and deep processing is subject to the high temperature and humidity environment after summer, the phenomenon of machine shutdown and maintenance may increase, and the starch goods of enterprises are not smooth, and the operating rate may have downward pressure!
Therefore, although the fundamentals of the corn market are strong, there is still some pressure on the market, and the price may rise moderately in the short term!
Judging from the latest feedback from the market, on May 14, the listed prices of deep processing enterprises were updated, and the price of corn in Shandong and Northeast China rose hand in hand, and the specific market is as follows:
Northeast market: Tongliao plum blossom rose 0.5 points, and the execution price was 1.15 yuan / catty; Hailun Guotou rose 1 point and quoted at 1.125 yuan / catty; Jinzhou Gangfu Xinshengfeng rose 0.25 points, quoted at 1.1625 yuan / catty; Cargill Biochemical rose 1 point, and the price was 1.145 yuan / catty! In Heijiliao and Inner Mongolia, the mainstream corn spot price is 1.11~1.17 yuan/jin, and the port and Inner Mongolia part of the price is 1.17~1.19 yuan/jin!
Shandong market: In the morning, the arrival of enterprises in front of the door of 281 cars, the factory volume remained tight, and the average price of deep-processed corn rose to 1.157 yuan / kg in Shandong!
Among them, Dongping Xiangrui, Chenming Starch, Weifang Tianli, Shouguang Golden Corn, Boxing Xiangchi Jianyuan, Lemon Biochemical, Yucheng Bowling Bao, Leling Zhonggu, Baofeng Biological, Dezhou Heyang Biological, Pingyuan Fuyang Biological, Rizhao Jinhe Boyuan, Zou Cheng Xilai, deep processing enterprises corn price rose by 0.5~1 point, and the average price of corn in Shandong generally rose to 1.13~1.245 yuan/catty!