Price trend

According to the monitoring of SunSirs, the domestic corn price was stable and weaker this week. At the beginning of the week, the average price of the third-class yellow corn was 2,805.71 RMB/ton, and the average price at the weekend was 2,795.71 RMB/ton, a slight decrease of 0.36%.

Analysis review

In March, the willingness of farmers in the production area to sell grain continued to increase, the domestic corn market supply was relatively loose as a whole, and the purchase price of corn was slightly reduced after the stock of corn in ports and deep processing enterprises was supplemented to a certain extent, driving the domestic corn market price to continue to be stable and stronger.

The domestic egg price rose slightly this week, rising 2.06% in the week, and the domestic pig price moved forward in a volatile way, falling 0.51% in the week. The market of the breeding industry fluctuated slightly. The pig breeding industry as a whole was still in a loss situation. The enthusiasm of farmers to supplement the fence had declined, which will, to a certain extent, suppress the recovery of corn feeding demand in the future.

Market outlook

The corn product analyst of SunSirs believes that the corn market supply will continue to be loose in the short term, and the domestic corn market price will continue to be stable and weaker under pressure.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com