After a continuous **** todayCornMain contract**Appeared certain**. However, this does not meanCornThe decline is over. According to**Charts, we can analyze the reasons for corn *** from the following aspects.
First of all, the recent beautyCornMain contract**Persistent**. At the same time, the dollar is relative toRMBThe depreciation is also continuing, which makes our country import overseasCornThe cost of the domestic decreasedCornA certain amount of pressure is formed. The data shows that since November 22, the United StatesCornMain contractThe cumulative ** range reached 341%。In addition, offshoreRMBThe exchange rate has also continued to appreciate by 297%, which further increased our importsCorncost advantage.
Secondly, domesticCornDemand is difficult to boost in the short term. More recently, starch 2401Main contract**Continuous**, directly affectedCornThe demand of the market. Due toCornIt is the main raw material of starch, and starch *** will also causeCornSluggish demand. In addition,Soybean mealMain contract**Also continuing**, which weakenedCornsubstitution, further inhibitedCornneeds.
Finally,Federal Reserve** The statement is also rightCornIt had an impact. Recently,Federal ReserveThe hawkish** hints that the rate hike cycle is over, which suggests that the USRecessionof the expected increase. In addition, the United StatesEconomyThe recession will reduce inflationary pressures and thus have a global impactCommodities** Form a certain amount of suppression. This is tooCorn**Difficulty in appearing as a factor**.
In summary,Corn**Although it has appeared**, it is not ruled out that it will still exist in the short term. It is necessary to recognize that the dollar is depreciating and offshoreRMBappreciation and other factors on importsCorncost implications, taking into account factors such as sluggish domestic demand and easing global inflationary pressures. Thus, judgeCorn**Caution is still needed for the future.
In the current situation, forCorn**The future trend, I personally hold a more conservative view. AlthoughCorn**appeared**, but it is constrained by multiple factors, and it is unlikely to be large in the short term**.
First of all, domestic and foreignEconomyThe environment remains unstable. AlthoughFederal Reserve** suggests that the rate hike cycle is over, but globallyEconomyIt is still facing a variety of uncertainties, such as Sino-US friction and the worldEconomyslowing down in growth, etc. These factors are right:CornThe supply and demand relationship of the market and the trend of ** have had a certain impact.
Secondly, domesticCornWeak market demand. InAquacultureIn the case of some restrictions, the growth rate of animal feed consumption has slowed down, rightCornDemand forms a certain constraint. In addition, starch andSoybean mealAnd so on substitutes** tooCornDemand has had a certain shock.
Again, importsCornCosts go down. Dollar depreciation and offshoreRMBThe appreciation makes our country importCornThe cost has dropped dramatically, which is domesticCornA certain amount of pressure is formed. In particularEconomyAgainst the backdrop of environmental instability, importsCornThe competitive advantage will make the domesticCorn**Difficult to appear obvious**.
In summary,CornIt does not mean that the decline is over, and there are still multiple factors to pay attention to in the futureCornThe impact of the market. InInvestmentsIn decision-making, we should maintain a cautious attitude and take into account the relationship between supply and demand and the worldEconomySituation and importsCorncost and other factors to develop a sound strategy. After all,CornThe market is highly volatile, and it is necessary to pay close attention to market dynamics and adjust in timeInvestmentsdirection to reduce risk and obtain better returns.
Summary:Corn** is affected by multiple factors, although there is **, but it is difficult to appear obvious ** in the short term. Weak domestic demand, declining import costs, globalEconomyThe situation is unstable and other factorsCorn** Trend. Therefore, in progressInvestmentsWhen making decisions, it is necessary to maintain a cautious attitude, pay close attention to market dynamics, and formulate reasonable strategies to reduce risks and obtain better returns.