News summary
The North China corn market surged by 100 yuan/ton in two weeks, with a phased bottom appearing. The market supply and demand game is still fierce, and investors need to pay careful attention to market dynamics.
Newsletter text
[The corn market in North China rebounds rapidly] As the corn market in North China rebounds rapidly, the northeastern production areas and the northern and southern ports follow suit, which marks the corn market.mmocryptoThe phased bottom has been basically established. The fluctuation of domestic corn prices is affected by many factors, including climate change, international markets, policy adjustments and changes in market demand, which together shape the trend of corn prices. After the launch of the new season of corn in 2023/2024, the price showed a clear downward trend, mainly due to the expected increase in corn production in the new season and the large number of imported grains arriving in Hong Kong, resulting in an expected decline in domestic consumption. Against the background of downward pressure on prices, there were sufficient grain sources in circulation in the market. However, after the Spring Festival, grain sales in the North China market progressed slowly, and then corn prices fell sharply in April. After the price release, the corn market fully stabilized after May Day, and the North China market even experienced a strong rebound. The terminal purchase price rose by 100 yuan/ton within two weeks. At present, there is still a fierce game between long and short market factors. The positive factors include a reduction in grassroots grain sources, a slight improvement in the breeding end, and stable consumer demand at the deep processing end. However, market concerns about the auction of imported corn and the targeted release of rice, as well as factors such as high foreign trade grain stocks in southern ports, constitute negative pressure. Although a phased bottom has been established, it does not mean that future price increases are a foregone conclusion. Based on various factors, the future trend of the corn market is still complex and changeable.
