InTechnicalon,CornMain contractThere is a reason for the stop-fall. First of all, according to the daily chart, despite the past period of timeCorn**Continuous**, but the profit-taking of short positions also brings more bearish risk to the market. This profit-taking behavior has led to a shift in market sentimentCornMain contract**Hence the occurrence**.
In addition,CornMain contractThe ** line and the green energy column in the MACD indicator formed a bottom divergence phenomenon, which strengthened the confidence of the bullish market. Finally, despite the fact that the third line of the KDJ indicator is located in the overbought zone, an irregular "W" bottom pattern has formed, which is also trueCornMain contract**of** offers favorable conditions. In summary,TechnicalBullish becomesCornMain contractOne of the important factors.
In addition,CornThe rebound in demand for deep processing may also be causedCornMain contractOne of the factors that stopped falling today. Recently, starch 2403Main contractThe cumulative increase in two trading days is 133%, 37 yuan per ton. Again,Ethylene glycolMain contractThere was also a significant increase, with a cumulative increase of 6 in five trading days12%, 259 yuan per ton. This ** is mainly due to the internationalOil pricescaused by the continuous climbing.
Recently, the Suez Canal-Red Sea, an international shipping artery, was attacked by the Houthi rebels in Yemen, and there was a tense situation in the worldOil pricesCorrespondingly**. The Suez Canal-Red Sea is the main shipping route connecting Asia, Africa and Europe, with more than 20,000 ships passing through it each year, accounting for 14% of the world's maritime transport**. In addition, about 30% of the freight volume carried by the Red Sea Passage is container**, and 10% is ***, therefore, internationalOil pricesThe ** intensifiedEthylene glycolof substitutability, thus increasingCornneeds.
TodayCornMain contractThe phenomenon of stopping the fall is not accidental, but is affected by a number of factors. fromTechnicalOn the other hand, the profit-taking of short positions, the divergence of the MACD indicator, and the "W" bottom pattern of the KDJ indicator have led to a shift in market sentiment and increased bullish confidence, which has boosted the bulls' confidenceCorn**Target**.
In addition, starch andEthylene glycoland other related varieties have also improved the pairCorndemand further boostedCorn**Target**. InternationalOil pricesThe reason for this can be explained by the global tensionsEthylene glycolThe demand for alternatives has increased. To sum up, the above factors have combined to lead to todayCornMain contract**Target**.
In the long term,Corn**There is still some uncertainty. First, the instability of the global economy may be affectedCorndemandGrowth rate。Secondly, the weather factor is also an influenceCornYield and ** important factors. Extreme weather events such as droughts and floods can cause:Corn** Instability. In addition,Cornmarket policy andU.S. dollar exchange ratefluctuations may also be rightCornMake an impact. Therefore,Investmentsis participatingCornTransactionsor relatedInvestmentsshould be cautious and pay close attention to changes in market dynamics and related factors.
CornMain contractThere are many reasons for the stop-fall. Technicalon the bullish factor andCornThe rebound in demand for deep processing can explain the phenomenon of ***. However,Investmentsis participatingCornTransactionsor relatedInvestmentsshould pay attention to market risks and make corresponding decisions based on changes in market dynamics and related factors.