According to the monitoring of SunSirs, the domestic corn price last week was on the high side, with the average price of the third grade yellow corn at the beginning of the week at 2,801.43 RMB/ ton, and the average price at the weekend at 2,805.71 RMB/ ton, up 0.15%.

In November, the cost of imported corn remained at a high level. In addition to the recent epidemic and the impact of rainfall in some regions, the overall volume of domestic corn market trade declined, and the quantity of corn delivered by deep processing enterprises continued to fall. To stimulate the arrival of goods, some enterprises raised the purchase price of corn slightly this week, driving the overall high price of domestic corn market to operate slightly stronger.

Last week, the overall high price of domestic eggs stabilized, with a small increase of 0.33% in the week. Last week, the domestic pig price continued to fall back, with a drop of 1.23% in the week. The market heat of the breeding industry fell back. In a word, the profit margin of breeding is still considerable, the enthusiasm of farmers to supplement the fence is not reduced, and the demand for corn feed is not reduced, which will form a strong support for the future corn price.

SunSirs analyst of corn products believes that: the cost of imported corn is high, the supply of tradable grain sources is tight at a certain stage, the inventory of downstream enterprises is low, the demand for fodder is not reduced, and the market mentality of trade entities is not reduced after the bullish market. Supported by many factors, it is expected that China domestic corn market price will continue to run strongly in the short term.

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