buffalomegawaysslotfree| Corn prices in Northeast China are rising steadily: DCE's main contract rose by 3 yuan/ton, paying attention to changes in the US corn weather market

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Corn prices rise in Northeast China, traders ship goods at a competitive priceBuffalomegawaysslotfreeThe main contract of domestic DCE corn rose 0.Buffalomegawaysslotfree.12%. The corn planting rate in the United States is lower than that in the same period last year, and the number of export inspections decreased compared with the same period last year. Domestic corn supply and demand pattern is expected to change to a tight, it is recommended to pay attention to the weather, wheat prices, downstream demand and policies, 07, 09 contract bargain.

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[corn prices in Northeast China are rising steadily, and the pattern of supply and demand is expected to be tight] Today, corn prices in Northeast China are rising steadily. Circulation at the grass-roots level is tight, the surplus of growers is limited, and traders' bullish expectations have increased, leading to an increase in firm shipments. The amount of goods arriving in front of deep processing enterprises has decreased, and the purchase price has been raised one after another. The volume of goods arriving in Beigang is average, and the price remains stable. Corn prices in North China also continued to rise, with fewer vehicles arriving in front of deep processing enterprises, and purchase prices of deep processing enterprises in Shandong, Henan, Hebei and other places continued to rise by 10-20 yuan per ton. With the decrease of market circulation, the effect of price increase began to show weakness. The corn market in the sales area stabilized as a whole and rose slightly in some areas. Domestic DCE corn main 2407 contract closed at 2459 yuan / ton, up 3 yuan, or 0.12%, over the previous trading day. Internationally, according to data released by the United States Department of Agriculture, as of May 12, the corn planting rate in the United States was 49%, lower than the 60% in the same period last year and the five-year average of 54%, in line with market expectations. In the next two weeks, precipitation in the main corn producing areas of the United States is expected to be higher than the historical average, and crop sowing in the central and northern Great Plains is expected to accelerate, while other areas will benefit from occasional showers. According to the USDA export inspection report, as of May 9, the inspection volume of US corn exports was 937700 tons, down 28% from a week, 20% from a year earlier, and zero shipments to China. Affected by leafhopper pests, the yield of corn in Argentina is expected to be reduced. Us corn market due to adverse weather factors speculation showed a strong rebound, the focus of trading turned to the weather city, need to pay close attention. The balance sheet of corn in northeast China is relatively tight, and with the decrease of surplus grain and the improvement of market mentality in North China, the supply pressure of traders weakened obviously before the wheat harvest in June. North Port inventory is at a normal level, while South Port Grain inventory is still at an all-time high, curbing domestic trade demand for corn. Although pig farming is profitable, the purchasing enthusiasm of feed enterprises is limited because of sufficient market supply and large supply of alternative grains. The inventory of deep processing enterprises is historically high, the processing profit of corn starch is close to the break-even, and the volume of delivery is high. With the advent of the peak season of starch sugar consumption, it is expected that the operating rate of corn starch enterprises will remain high in the short term to support corn consumption. In the short term, the supply pressure of surplus grain and alternative grain and the listing of new season wheat will suppress the disk to a certain extent. In the medium term, with the consumption of surplus grain and alternative grains, the off-season of barley import in the second quarter is approaching, the new season wheat falls to the ground, the breeding demand is improved, the supply and demand pattern of corn is expected to tighten, the disk shock is strong, and the contracts of 07 and 09 are long. The main concerns include weather, wheat prices, downstream demand conditions and policy trends.