Analysis of corn ** rally: whether the price increase and increase of grain reserves in China can save the corn market?
Today is still concerned about the latest developments of the corn market in the Northeast and the old iron, in recent days, the Northeast corn market has finally ushered in signs of improvement, the situation has stopped, the bases have begun to raise prices one after another, and deep processing enterprises seem to have raised prices.
However, although basic grain merchants and drying towers took the lead in publicly raising prices, deep processing enterprises also have signs of price increases, such as Songyuan Cargill, Baicheng Meihua, Zhaodong Chengfu, etc., have begun to increase prices, but deep processing enterprises are generally not enthusiastic about price increases. There are two reasons for this
The first point: at present, deep processing enterprises have a certain inventory, they can maintain a certain amount of time, so they are not in a hurry to raise prices, but they also want to play the same routine as the previous round, a few days without raising the price of the old iron began to sell grain, there is no need to raise the price of the old iron to start selling grain, but they are still pushing.
The second point: at present, there are no competitors in deep processing enterprises, they are still the largest acquisition subject of the acquisition body, and other subjects do not have much grain, so they are naturally content with the status quo and are unwilling to raise prices.
At the same time, there were two positive news for the CFS regarding increased maize production;
The first good news: the grain reserves have already risen in price, yesterday the grain reserves in Jilin Ningjiang directly under the warehouse rose by 1 cent, although it is only a single price increase, at the same time the price increase is also due to the difficulty of grain collection, but in any case, the price increase in grain reserves for the grain, for the market is definitely good news.
The second piece of good news: the market rumours that the Northeast will add 4.5 million tons of reserves, although we have not seen the documents yet, and we don't know if it has started, but for the market, this is another positive support.
However, judging from the current situation, there is often good news, but this only makes us excited, in fact, we have to look at the final result, that is, the ** of corn, whether there is a big rise, not yet.
At this time, whether the corn can be large may also depend on whether the commodity grain merchants and drying towers have the ability to purchase large quantities.
This year, the basic grain merchants and drying towers are in a state of closure, there is not much grain, minus the buffer in the middle, directly take our grain to the market, the market's digestion capacity is not so large, ** has been pressed, not only difficult to raise prices, but also has been falling.
Therefore, in order to achieve a sharp rise in grain, the basic grain merchants and drying towers must have a large number of shares in the purchase of grain hoarding, so that the grain source can be transferred to the hands of grain merchants, the amount of corn in the market will be reduced, and the backlog pressure of enterprises will be large, so that there will be a chance to rise sharply.