one, spot
Only a month away from the Spring Festival, in view of the pressure of capital turnover as the New Year approaches and the difficulty of storing grain sources after the weather warms, the enthusiasm of the main body of grain is still high, and with the reduction of the reserve price of grain reserves, the support for the market has further weakened. The short stocking of downstream feed enterprises in the northern port ended, and the port inventory began to accumulate slightly. The feed enterprises in the southern port can replace the grain **sufficient, the bearish outlook is high, the cautious stocking sentiment is strong, and the business is small. The domestic corn spot ** is basically stable, and the local ** is small**. The news of grain storage in the northeast has not been confirmed, the auction floor price has been lowered, the bullish sentiment of grassroots growers has been loosened, and the temperature has fluctuated in winter, resulting in poor quality of some tide grains, and there are not many grain warehouses that meet the standards, and low-quality tide grains are concentrated in ** deep processing enterprises, and the phenomenon of enterprise price reduction has increased. The enthusiasm of local growers in the Huanghuai production area of North China has increased, the local grain source is sufficient, and the transfer of grain sources in the northeast has increased slightly, and the corn is relaxed, and the corn inventory of deep processing enterprises is sufficient, and the feed enterprises also lack the mentality of building a warehouse, and the deep processing enterprises are passive and tired, and the purchase price of corn is weak. 
Second, the first aspect
On January 8, 2024, the CBOT-March corn contract closed 575 cents at 455 cents bushel. Due to the ** fall in South American rainfall.
On January 9, 2024, the opening price of the main corn ** contract C2405 on the Dalian Commodity Exchange (DCE) was 2,387 yuan, the ** price was 2,387 yuan, down 6 yuan, the highest ** 2,392 yuan, the lowest price was 2,371 yuan, the settlement price was 2,381 yuan, the total trading volume was 360918 lots, and the position was 725,820 lots.
Third, focus on hot spots in the later stage
Weather changes, procurement mentality, feed mill strategy, domestic policy, international and domestic corn market, purchase of production areas, imported corn to Hong Kong, disease flow, livestock and poultry products, changes in international freight, international economic situation, wheat changes, feed demand, weather impact on corn, etc.
Fourth, related news
1. U.S. corn export inspections were 856,597 tons in the week ending Jan. 4, 2024, compared to 569,857 tons last week and 402,061 tons in the same period last year.
2. As of January 4, corn distiller's grains (DDGS)** averaged $195 tons in 34 regions of the United States, up from $6 a week ago.
3. A U.S. economist said the global recession in 2024 will continue to weigh on U.S. grain, hog and dairy markets.
4. Ukrainian Deputy Prime Minister Alexander Kubrakov said that Ukraine has exported 15 million tons of goods, including 10 million tons of agricultural products, through the temporary Black Sea corridor.
5. The Ministry of Agriculture of Ukraine said that as of January 8, 2023 24 of the year (which began in July) Ukrainian grain exports amounted to 194220,000 tons, up from 2,359 in the same period last year80,000 tons, a decrease of 207%。
6. As of January 4, the first corn harvest area in central and southern Brazil has reached 33%, up from 23%。
7. On January 9, China Grain Storage Network Chengdu Branch corn bidding procurement results: 3,756 tons of corn were planned to be purchased, and 3,756 tons were actually traded, with a turnover rate of 100%.
8. On January 9, China Grain Storage and Transportation Company's corn bidding procurement results: 6,000 tons of corn were planned to be purchased, and 6,000 tons were actually traded, with a turnover rate of 100%.
9. On January 9, China Grain Storage Network Anhui Branch corn bidding procurement results: 3,185 tons of corn were planned to be purchased, and 3,185 tons were actually traded, with a turnover rate of 100%.
10. On January 9, China Grain Storage Network Shanxi Branch corn bidding procurement results: 11,499 tons of corn were planned to be purchased, and 11,499 tons were actually traded, with a turnover rate of 100%.
11. On January 9, China Grain Storage Network Zhejiang Branch corn bidding procurement results: 5,272 tons of corn were planned to be purchased, and 5,272 tons were actually traded, with a turnover rate of 100%.
12. On January 9, China Grain Storage Network Beijing Branch corn bidding procurement results: 2,047 tons of corn were planned to be purchased, and 2,047 tons were actually traded, with a turnover rate of 100%.
13. On January 9, China Grain Storage Network Inner Mongolia Branch one-time reserve corn bidding procurement results: 45,750 tons of corn were planned to be purchased, and 45,750 tons were actually traded, with a turnover rate of 100%.
14. On January 9, China Grain Storage Network Beijing Branch of China Grain Reserves Beijing Branch one-time reserve corn bidding procurement results: 16,300 tons of corn were planned to be purchased, and 16,300 tons were actually traded, with a turnover rate of 100%.
15. On January 9, China Grain Storage Network Liaoning Branch corn purchase and sales two-way bidding transaction results: 12,334 tons of corn were planned to be traded, and 12,334 tons were actually traded, with a turnover rate of 100%.
Fifth, the market outlookanalysis
It is predicted that during the first half of January, the corn in the production area will continue to decline unchanged, and the second half of the month is close to the second half of the month, and the probability of abandoning the weak to strong in the local market will be moderately increased. Therefore, from the perspective of the trend of the average daily trading price, the first half of the month is weak, and the second half of the month has a chance to recover, while the probability of the monthly average price continuing to be the first month is still very high. Indemnification
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