According to the monitoring of SunSirs, the domestic corn price in November continued to run high. On November 1, the average price of the third grade yellow corn was 2,802.86 RMB/ton, and on November 31, the average price was 2,870.00 RMB/ton, up 2.40% in the month.

In November, the cost of imported corn remained at a high level. In addition to the reappearance of epidemic situation in many places and the impact of rainfall in some regions, the domestic corn market trade volume declined, the transportation difficulty and transportation costs increased to varying degrees, and the overall arrival of corn at ports and deep processing enterprises was low. To stimulate the arrival of corn, enterprises raised the purchase price of corn slightly, driving the overall high price of domestic corn market to operate slightly stronger.

In addition, with the increasing cost of corn planting year by year, the farmers of grain storage are reluctant to sell at a high price, which makes the overall progress of corn listing in the production area slow. In addition, the demand for downstream deep processing and feeding is just not reduced. Supported by the cost and demand, the domestic corn market price continues to operate at a high level and strong.

In November, the domestic egg price rose and fell, falling by 7.70% in the month. In November, the domestic pig market price continued to decline in a weak way, falling by 13.97% at a high level in the month. Although the market heat of the breeding industry fell back, in general, the 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 the domestic corn market price will continue to run strongly under the support of the downstream demand in the short term. It is expected that the average price of the domestic corn market in December is expected to exceed 2,900 RMB/ton as a whole. With the arrival of Brazilian imported corn in Hong Kong in the later period to supplement the domestic market supply, and the concentration of farmers in the production area before the Spring Festival, the overall corn market supply will continue to rise, and the tight situation of corn supply at different stages will be effectively alleviated. In the future, the overall China domestic corn market price will rise steadily and then move forward with a small shock.

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