According to the monitoring of SunSirs, the overall price rise of domestic corn last week has stabilized. The average price of yellow corn of the third grade at the beginning of the week was 2,820.00 RMB/ ton, and the average price at the weekend was 2,830.00 RMB/ ton, a slight increase of 0.35%.

In November, supported by such factors as the continuous high cost of imported corn, the rising domestic transportation cost, the reluctance of grain storage trade entities to sell at high prices, the continuous recovery of downstream aquaculture demand, and the increase in prices of deep processing enterprises to replenish the stock, the domestic corn market price continued to be high and relatively strong.

As corn in the new season has entered the market to supplement market supply, the purchase price of corn has been slightly lowered after the deep processing corn inventory has been supplemented to a certain extent. The corn futures price has continued to fall. In addition, the process of corn import in Brazil has continued to advance, and the corn price continues to rise without enough momentum. The overall price rise of the domestic corn market has stabilized last week.

Last week, the domestic egg market was weak at a high level, with a slight drop of 0.26% in the week, and the pig price was weak at a high level, with a slight drop of 0.95% in the week. The market heat of the breeding industry has declined. In general, the profit margin of breeding is still considerable, and the enthusiasm of farmers to supplement the stock market remains unchanged. The stable demand for downstream corn feed will provide strong support for the future corn market price.

SunSirs analyst believes that in the short term, with the support of the downstream demand, the domestic corn market price will continue to run strongly. To sum up, the overall yield of domestic corn in the new season has been high, the transportation problem has been gradually improved, the corn in the production areas has entered the market in succession, the import of Brazilian corn has been gradually promoted, the overall supply of corn market in the future tends to be loose, and the price of corn market continues to rise in China without enough power.

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