Price trend

According to the monitoring of SunSirs, the price of domestic corn fluctuated forward in January. On January 1, the average price of third-class yellow corn was 2,830.00 RMB/ton, and on January 31, the average price was 2,834.29 RMB/ton, a slight increase of 0.15%.

Analysis review

After the New Year's Day, the supply of domestic corn market was relatively stable. Affected by the increase of rain and snow weather, the arrival quantity of corn at the port had declined. The port area slightly increased the purchase price of corn. In addition, near the end of the year, the willingness of farmers in the production area to sell grain declined significantly, and the trade volume of domestic corn market had continued to decline. In order to stimulate the arrival of corn, the port area and some deep-processing enterprises had slightly increased the purchase price of corn, drove the domestic corn market price to run slightly stronger.

During the Spring Festival, the domestic corn market trade was completely stopped, and the domestic corn market as a whole was steadily moving forward. After the festival, the domestic corn market trade gradually recovered. Affected by the recent import of corn to the port and the continuous rise in the market volume of corn in the production area, the domestic corn market price was generally stable and weaker under pressure.

In January, the domestic egg price rose first and then fell, with a drop of 0.33% in the month, and the pig price fell sharply, with a drop of 17.21% in the month. The market of the breeding industry continued to decline, and the pig breeding entered into a loss situation again. The enthusiasm of the farmers to make up the stock continued to decline. The stock of pigs in the future is expected to decline slightly, and the demand for feeding of corn breeding may fall back.

Market outlook

According to the corn product analysts of SunSirs, after the year, the quantity of corn in the production area continued to increase, the imported corn continued to reach the port, the market of pig breeding continued to be low. Under the pressure of strong market supply and weak demand, it is expected that the domestic corn market price will continue to fall slightly under pressure in the short term.

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