According to market news: China Grain Reserves imported corn will be restarted on February 21 and will be changed to invite bids. The starting price of the first round of auction was 2,300 yuan, and the sales reserve price was lowered by 350 yuan tonne compared with the previous one. The last adjustment was on November 27, 2023, when the auction reserve price was lowered by 50-100 yuan.
With the advent of the rainy season, although most parts of the country will have a cooling and rain and snow weather from February 17 to 22, which is conducive to the safe storage of corn and is not conducive to the large-scale development of corn market purchase and sales activities, but the enthusiasm of farmers, especially farmers in the three provinces and one district of Northeast China, is constantly improving, and the domestic corn market is about to usher in the peak of farmers' grain sales.
Before the Spring Festival, farmers in China's corn producing areas still have a glimmer of hope for the market, and only a few days have passed after the holiday, whether it is the northeast producing areas or Shandong sales areas of corn ** have seen a downward trend, to a great extent, the mood of everyone to hold the goods to rise. Sun Baoliang, a corn merchant in Binzhou City, Shandong Province, told reporters.
First of all, at present, farmers in the producing areas, especially in Henan, Shandong, Hebei, Shaanxi and other places, have a large amount of grain in their hands, and the market pressure is still difficult to eliminate, and some farmers have the willingness to take the lead in corn.
Secondly, since the beginning of spring, the temperature has risen rapidly throughout the country, although there is a cooling weather in mid to late February, but the safe storage of corn inventory is still a key problem to be solved, in order to reduce the cost of storage and early funds, the majority of farmers, grain dealers, small businessmen, etc. are eager to stock corn.
Finally, there are still no bright spots in the downstream demand for corn, coupled with the overall decline of other agricultural products, so that the majority of farmers and others have no hope.
According to some corn merchants in Northeast China, although the atmosphere of the local Spring Festival is stronger, farmers have to consider how to "lie on the grain" problem, "seeing that several corn deep processing enterprises that open their doors to collect grain continue to lower the price of entering the factory, farmers are really bottomless about the future trend of corn, and it may be a wiser choice to do so as soon as possible."
Since the beginning of spring, Henan and other places have more rain and snow weather, resulting in a large amount of corn moisture in the stack, a lot of corn inventory has mildew, if the temperature rises again in the future, there may be more corn mildew, taking advantage of the current corn ** is more stable, it is better to sell the corn in stock at one time. Li Jianjian, a corn merchant in Suiping County, Zhumadian City, Henan Province, said that the purchase price of local corn vendors was 1About 15 yuan catty, not much different from the first before the Spring Festival, many farmers are willing to be as soon as possible.
Zhao Binghui, general manager of Ruiqing Grain Trade Company in Baixiang County, Hebei Province, told reporters that the current corn market in many places in Hebei is relatively light, and the market is showing a steady and declining operation trend. Seeing that the corn market is relatively sufficient, coupled with the rainy and snowy weather in northern China since the sowing last autumn, the land moisture in most areas is better, especially the winter wheat seedlings are full, the seedlings are strong, and the tillers are good. In the same period of previous years, it was a good time for small traders, small and medium-sized merchants, small farmers and storage enterprises to make spring purchases, but at present, everyone is more cautious in purchasing and hoarding corn and wheat.
Huang Peng, a grain and oil merchant in Kaifeng City, Henan Province, said that from September 2016 to June 2023, with the support of the supply and demand gap in the domestic corn market, the domestic corn spot market has maintained an upward trend for a long time. However, since the launch of corn in 2023, the relationship between supply and demand in the domestic corn market has gradually changed, and it is difficult for market players to make money by hoarding goods and waiting for the price to rise.
Chai Yinfeng, general manager of Infore Grain in Wudalianchi City, Heilongjiang Province, said that it is expected that the domestic corn market will usher in the peak of farmers' grain sales at the end of February and early March. However, due to the current corn ** has been in the lower price area for many years, and before the Spring Festival has many market institutions began to lay out the acquisition, it is expected that the downside space of corn ** in the later period is limited, and the greater probability is that farmers are actively **, and the main body of the downstream industrial chain is actively replenishing the warehouse, and the current wait-and-see attitude of small traders, drying towers, some warehousing and deep processing enterprises may be temporary. What is more noteworthy is whether the number of imports will decline after the profits of imported corn and substitutes have shrunk, and if there is a decline, it may mean that the bottom of corn in the domestic market will be formed during the peak period of farmers' grain sales.
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