The decline in corn prices has slowed down, and the truth of the tug of war has been revisited

Mondo Three rural Updated on 2024-01-29

The momentum of corn *** has slowed down, and the truth of the tug-of-war is revisited.

After two consecutive days of sharp decline, today's corn ** decline has gradually eased, and recently entered a round of "tug of war", in the corn **, looking forward to a new breakthrough point, people can't help but ask, this time, can it be saved?

Grains*** slowed down.

Today, the country's corn ** generally maintained a weak downward trend, but compared with the 13th, there is still a slight change.

In the Northeast, corn futures prices are still small**. The average price of the secondary market of the secondary market of Jinzhou Port, known as the price "vane", is 2480, which is 20 yuan higher than yesterday, and the average secondary price of the secondary market of Bayuquan is 2455-2475, 15 yuan more than yesterday.

Although there is frost in the northeast, the willingness of the people to sell grain is still very strong. According to the data of relevant departments, as of December 14, sales in Heilongjiang accounted for 22%, sales in Jilin accounted for 32% of sales in Liaoning, and sales in Inner Mongolia accounted for 18% of sales. Compared with the previous week, the average rate of grain sales in Northeast China increased by about 2 percent.

The enthusiasm for grain sales has been below the cost line to a certain extent, reflecting the "sell-down" psychology of the current collapsed market. In addition, after the beginning of winter, the continuous rain and snow have made some peasants' grain storage conditions poor, increasing the risk of grain storage, and at the same time, some peasants have to transport grain in late December due to the need to repay the loan.

Moreover, everyone used to expect the grain depot to purchase grain in large quantities, but recently, the grain depot has been purchasing grain at a price lower than the market price, which has completely failed the last trace of luck in their hearts.

In the case of a significant increase in grain supply, deep processing and northern port merchants have reduced prices, while downstream feed companies continue to buy on demand, and the circulation speed of dried corn is not fast, which has led to the weak trend of corn.

In North China, although there was also a large area of rain, snow and low temperatures, it still could not stop the decline of corn, first there was a wave of small rebound, and then another wave of **. It rises like an old cow climbs a mountain, and it falls like a straight line. On the 12th and 13th, the purchase price of Shandong agricultural products deep processing enterprises accumulated more than 70 yuan, which is rare in recent years.

Affected by the impact of a new wave of rain and snow, the number of agricultural products deep processing enterprises in North China fell again in the morning, from 1882 units on the 13th to 603 units. In the short term, due to factors such as rain and snow, the trading volume of the trading chain may be limited, and the volume of grain purchases in North China will remain at a low level.

In the short term, because the new feed demand is still weak, the transportation of dry corn will be hindered, at the same time, the business enthusiasm is not high, most of the tide grain is flowing to the deep processing enterprises, when the supply increases, the deep processing enterprises may continue to reduce the purchase price, thereby promoting the continuous decline of corn, is expected to fall in the short term in 10-30 yuan tons. In the North China market, due to the combined effect of rain, snow and cold air, the psychology of farmers actively reluctant to sell and passive reluctant to sell has gradually increased, while the inventory of middlemen is low, coupled with the continuous procurement of deep processing enterprises, it is expected that the mainstream of the North China market will stabilize in the short term.

Can it also save the market for corn?

At present, all links of the entire industrial chain are collapsing. From the perspective of the real supply and demand of the market, whether it is international or domestic, the supply is relatively loose;In terms of trading channels, there is no grasp of the establishment of warehousing, and the situation of "sales and procurement" is maintainedAlthough in recent times, the breeding industry has improved, but still continues to lose money, so, in the short term, it is difficult to increase the demand for feed, and although the profits of production enterprises are good, but after all, the amount of consumption is limited, so for the downstream food enterprises, will also maintain the attitude of "picking and using". In this way, it can also save the market for corn?

In terms of date, there are less than two months left, and the pressure on the sale of grain is increasing due to stocks and other reasons. However, downstream grain-using enterprises also have a certain amount of inventory, whether it is the end of December or this year's Spring Festival, there will be a certain amount of stocking time.

Therefore, after the start of the holiday stocking, there will be a small peak in corn consumption, although compared with last year, the stocking capacity at this time will be relatively poor, but for the current collapse of the market, it is undoubtedly a huge improvement.

In addition, due to the approaching Chinese New Year, the impact of labor, weather, logistics and other aspects has also become a problem that downstream grain enterprises must think about. If the follow-up favorable factors cooperate, the corn futures price will stop **, and it is still possible to achieve a phased recovery.

In general, the current corn has reached this point, ordinary farmers, there is no need for a large-scale, even fearful selling, they just need to be psychologically prepared and methodically ** their own grain!

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