1. China's corn price trend

According to SunSirs monitoring, domestic corn prices fluctuated slightly last week. The average price of third-grade yellow corn at the beginning of the week was 2467.14 yuan/ton, and the average price at weekend was 2471.43 yuan/ton, a slight increase of 0.17%.

2. Market Analysis

Entering December, the State Reserve's targeted auction policy was reintroduced, and the willingness of grain trading entities to go out of the warehouse increased slightly. After the corn inventory of deep processing enterprises in the production area was replenished, the corn purchase price was slightly reduced. The overall price rises and falls. The domestic corn market price stabilized this week and then moved forward at a high level.
Last week, the domestic live pigs rose slightly, rising 0.52% within the week, and egg prices rebounded sharply by 5.12%. On the whole, the breeding industry still has a relatively high profit margin, and the demand for corn feed in the future will continue.

3. Outlook

SunSirs corn product analysts believe that the policy has been launched to ensure supply and stable prices, and the willingness of grain trade entities to maintain prices has been loosened. The wait-and-see attitude of downstream deep processing enterprises has increased. With the support of domestic demand, the price of corn will continue to move forward at a high level.

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