1. Domestic corn price trends

According to SunSirs monitoring, domestic corn prices continued to rise last week. The average price of third-class yellow corn at the beginning of the week was 2,544.29 yuan/ton, and the average price on weekends was 2,611.43 yuan/ton, an increase of 2.64% during the week.

2. Market analysis

After New Year's Day, under the support of downstream deep processing demand, domestic corn market prices continued to rise, and the progress of grain sales in value-producing areas was faster than that of the same period in previous years. The main body of grain storage trade continued to be optimistic about the market outlook for corn market prices. , The stock of live pigs continued to recover, supported by demand, the domestic corn market prices rose across the board.

Last week, domestic live pigs continued to rebound, rising by 2.25% during the week, and the price of eggs continued to rise, rising by 3.41% during the week. The profit margin of the breeding industry continued to be high. The stock of breeding sows and the total stock of pigs continued to recover. The domestic corn feed in the future The unabated demand will provide certain support to corn prices.

3. Outlook

SunSirs corn product analysts believe that deep-processing companies continue to increase prices to replenish the inventory. With the support of demand, the domestic corn market price has risen again. Trade entities continue to be optimistic about the market's intention to reluctantly sell and maintain prices. The imbalance between supply and demand in the corn market has intensified, and rigid demand support , The domestic corn market price will continue to run at a high level.

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