Today's corn futures extended yesterday's rally, but the main contract fell back from its high after touching the highs of recent months, showing insufficient upward momentum, mainly dragged down by the outer market and starch futures. In addition, the decline in the dutiable price of corn imports in the United States and the decline in wheat futures prices are also important factors affecting the higher corn futures prices.
Corn rises and falls daily across the country
Today's deep processing enterprise quotations continue to rise, but the increase narrowed. Water moisture 14% new corn Shouguang golden corn purchase price of 2730 yuan / ton, up 20 yuan / ton from yesterday. Moisture 14% new corn Zhucheng Xingmao purchase price of 2760 yuan / ton, up 40 yuan / ton from yesterday. Moisture 14% new corn Zhucheng yuanfa purchase price of 2720 yuan / ton, the same as yesterday. Moisture 14% new corn Heze Chengwu Dadi purchase price of 2660 yuan / ton, up 60 yuan / ton from yesterday. Moisture 14% corn Weifang Yingxuan alcohol purchase price of 2820 yuan / ton, the same as yesterday. Moisture 14% new corn Changle Shengtai Pharmaceutical purchase price of 2750 yuan / ton, up 40 yuan / ton from yesterday.
With the improvement of profits of deep processing enterprises, the demand for raw material corn is strong, and the phenomenon of price increase and grabbing goods will not stop in the short term. The surplus grain in North China is not sufficient, coupled with the fact that there is more rain this year, the quality of corn is not good, and the market sentiment of selling good grain is also very high, and it is expected that the price of corn in North China will remain high in the short term.
Today's southern port prices are still strong, Shekou port new grain bulk ship reported 2760-2780 yuan / ton, compared with yesterday's price increase of 20 yuan, affected by this, the northern port new grain purchase price is also increased by 20-40 yuan compared with yesterday, reported at 2540-2560 yuan / ton. As a vane of domestic spot corn, the rise in the port transaction price shows the bullish determination of the market, and before the northeast corn centralized supply market, the corn spot price is easy to rise and fall.
Today,the price of corn in northeast China is stable, due to the fact that there are not many dry grains in circulation in the market, and farmers are more likely to wait and sell, and the purchase and sale are light. From the perspective of the domestic spot market, at present, Xinjiang corn has been sold more than half, and the demand for replenishment of feed enterprises in the south will soon shift to the same high-quality northeast corn. Feed enterprises in the early stage of the general inventory is not high, with the gradual recovery of breeding profits, the arrival of the traditional peak season of replenishment will further boost market demand. This year's high planting and drying costs will also play a supporting role in corn prices, and it is expected that the northeast corn will maintain a stable and strong trend in the near future (market views and operational suggestions are for reference only).
丨Source: Zhinongtong Quote Treasure 丨 Original Author: Zhang Xiaoyan
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