Near domesticCorn**Continue**, the market ** is sufficient, and the market pessimism is shrouded. Some parts of the Northeast have even fallen below the cost of planting, givingFarmersStressful. At the same time, the turnover rate of imported corn declined, and the selling pressure of grain sources in the market increased. In addition, **reservesCornPurchases were significantly reduced, ** further lower. This article will describe and analyze this in detail.
Near domesticCornThe spot has been in a weak state, constantly grinding the bottom. According to the latest data of the market, the futures price has fallen to 2415 yuan ton, a new low at the end of the year. Water in parts of the NortheastCornAcquisitions ** even fell below the cost of planting, currently 20 water in the NortheastCornAcquisition** is only 11 yuan catty. Shandong deep processing** also dropped to 1About 3 yuan catty. This series of data shows that the trend of corn spot will continue.
The main reasons for increasing *** are as follows: First of all, domesticCornThe production is high and the market is sufficient, resulting in oversupply;Secondly, the turnover rate of imported corn declined, and the amount of imported corn decreasedAnd finally, reservesCornThe purchase volume decreased, and the selling pressure of grain sources in the market increased. These factors work together to lead to:CornPersistence of the spot.
Recent importsCornThe transaction rate has decreased significantly. According to statistics, it was imported on December 15Corn229257 tonnes were sold at auction, but only 9,783 tonnes were sold, with a turnover rate of only 4%. Similarly, imports on December 12 and December 8CornThe turnover rates were 19% and 7%, respectively. This indicates importsCornThe demand for the market is weak, and the market is on importsCornLack of confidence.
There are several main reasons for the decline in the turnover rate of imported corn: First, domesticCornProduction increases, the market is sufficient, and import demand decreases;Secondly, importsCorn**Relatively high compared to domesticCornMore competitive;Finally, the recent adjustment of domestic fiscal subsidy policies, the profits of importers have decreased, and the purchasing power has declined, which has further inhibited importsCornneeds.
This week's ** reservesCornThe volume of purchases has dropped dramatically and has been reduced by more than 60%. According to statistics, this week's ** reservesCornThe purchase volume of hanging net is 16430,000 tons, all traded, a decrease of 60% from last week. And last week's ** reservesCornThe purchase volume was 430,000 tons, and the transaction volume was 410,000 tons, with a turnover rate of 96%.
* There are several reasons for the sharp decline in corn purchases from reserves: first, domesticCornSufficient, reservedCornReduced demand;Secondly, the turnover rate of imported corn declined, importedCornReduction, but also reduction of reservesCornneeds. And finally, reservesCornProcurement*** enables some buyers to choose more competitive spotsCorn。Together, these factors have led to ** reservesCornSignificant reduction in the volume of purchases.
DomesticCornThe spot market continued to decline, the turnover rate of imported corn declined, and the purchase volume of reserve corn decreased significantly. This series of data reflects the abundance of the market, the contraction of demand, and the increase in market pessimism. For some time to come,Corn** will continue to move lowerFarmersFacing greater pressure. At the same time, importsCornThe market demand needs to be recovered, and measures need to be taken to stimulate import demand. Market participants need to pay close attentionCorn** and do a good job of risk management.