According to the monitoring of SunSirs, the domestic corn price continued to rise last week. The average price of the third grade yellow corn at the beginning of the week was 2,831.43 RMB/ ton, and the average price at the weekend was 2,851.43 RMB/ ton, up 0.71% within the week.

In late November, the cost of imported corn was still high. At the same time, the epidemic situation reappeared in many places in the north. In addition, the transportation difficulty of corn in the production area increased due to the continuous increase in transportation costs. In addition, the planting cost increased year by year. The farmers who stored grain were reluctant to sell the corn at a high price, which made the overall progress of corn in the production area slow. The arrival of corn in ports and deep processing enterprises continued to be tight. The downstream demand for deep processing and feeding was just in demand, supported by demand, The domestic corn market price continued to run high and strong.

Last week, the domestic egg price moved forward with a high shock, falling 0.44% within the week, while the pig price remained weak, falling 3.69% within the week, and the market heat of the breeding industry fell back. In a word, the overall breeding profit is still considerable, the enthusiasm of farmers to supplement the stock market is not reduced, and the demand for corn feed in the future market is not reduced.

SunSirs corn products analyst believes that: in the short term, with the support of just downstream demand, the domestic corn market price will continue to run strongly. With the later arrival of Brazilian imported corn in Hong Kong to supplement the domestic market supply, and the peak of corn in the new season has not arrived, China domestic corn market price will continue to rise with limited space.

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