According to the Central Meteorological Bureau, from the 5th to the 7th of this month, the central and eastern parts will usher in a wide range of rain and snow weather, and the snowfall area will be concentrated in the north, of which Inner Mongolia and northeast China will have the strongest snow. In this round of cold air process, parts of central and eastern Mongolia, Heilongjiang, Jilin, Liaoning and other parts can reach the order of blizzard, which will be the first round of heavy snowfall in the northeast this winter, and the risk of local disasters is not excluded.
Boosted by the news, corn futures prices rose sharply today and reached new highs.
Northeast new corn has not yet been listed in batches, extreme weather may delay the amount of corn, the market current circulation of grain is not much, will be more tight, it is expected that the recent northeast prices are still easy to rise and fall. Whether the center of gravity of corn prices will move downward after the supply increases is probably not known until late November.
Prices in the southern sales area are stable, and feed companies use wheat instead of corn, which inhibits some corn demand. According to the market treasure of a large feed enterprise in Chongqing survey and understanding, compared with the price of corn, the current wheat price still has a substitution advantage, feed wheat to the factory price of 2830 yuan / ton, and the second-class corn to the station price has been reported to 2880 yuan / ton, plus short-distance freight, corn has no price advantage.
The mainstream prices of the north-south ports are stable and have risen slightly locally. Affected by the rise in freight rates, the cost of corn in the port increased, and traders' quotations were firm. Jinzhou Port moisture 15% aged grain purchase price of 2540-2560 yuan / ton, up 10 yuan / ton from yesterday. The purchase price of 15% moisture corn in Bayuquan Port is 2560-2590 yuan / ton, up 20 yuan / ton from yesterday. Guangdong Shekou Port moisture 15% corn bulk grain transaction price of 2810-2840 yuan / ton, up 10 yuan / ton from yesterday.
Today, prices in North China are rising and falling, and companies adjust the purchase price according to the amount of vehicles arrived. At present, the market has a reluctance to sell, the number of arriving vehicles is reduced, processing enterprises have the willingness to replenish the warehouse, and the price maintains a strong trend. Today's Shouguang golden corn purchase price of 2780 yuan / ton, down 10 yuan / ton from yesterday. The purchase price of Zhucheng Xingmao was 2810 yuan / ton, up 30 yuan / ton from yesterday. The purchase price of Heze Chengwu Dadi was 2830 yuan / ton, up 40 yuan / ton from yesterday. The purchase price of Yishui Dadi was 2790 yuan / ton, up 20 yuan / ton from yesterday. Moisture 14% new corn Zouping Xiwang purchase price of 2930 yuan / ton, the same as yesterday. (The above quotations are all new corn with moisture 14% moisture)
In summary, at present, the stable and strong domestic corn prices are the main theme, the main production areas are difficult to reach, the circulation of grain is insufficient and many other factors support the support, spot prices are easy to rise and fall. Logistics tension superimposed on extreme weather, it is expected that the recent corn prices will still maintain a strong trend, the market treasure suggests that grain companies do not blindly guess the bottom, pay attention to the logistics situation, grasp the rhythm of building a warehouse, maintain safety stocks, so as not to affect production. (Market views and operational recommendations are for reference only)
丨Source: Zhinongtong Quote Treasure 丨 Original Author: Zhang Xiaoyan
丨 Disclaimer: This article only represents personal views, the analysis information contained in the article or the opinions expressed are for reference only, do not constitute advertising, and in any case do not constitute production, operation, sales, trading, investment advice to anyone. The Company does not make any guarantee for the accuracy and completeness of the information of others quoted in the article, and any risks, losses and liabilities arising from any actual production, investment or other decisions made by any person based on the information or opinions herein shall be borne by themselves and shall have nothing to do with the Company.
丨 Original copyright notice: Any form of reprinting must ensure the integrity of the article graphics and text, and the author, author unit and source information must not be deleted. Zhinongtong Quotes Treasure reserves all rights to this!