According to the monitoring of SunSirs, the domestic corn price rose slightly last week. The average price of yellow corn on the third day of the week was 2,758.57 RMB/ ton, and the average price on the weekend was 2,762.86 RMB/ ton, up 0.16%.

In August, the domestic corn market price continued to operate weakly due to the successive listing of early corn and the comprehensive out of warehouse liquidation of domestic grain storage trading entities. In late August, the continuous decline of corn price induced the grain storage trading entities to be reluctant to sell and raise prices, and the corn arrival volume of ports and deep processing enterprises continued to decline. In order to stimulate the arrival of corn, some regions slightly increased the purchase price of corn this week, driving the domestic corn market price to rise slightly.

Last week, the high domestic egg price continued to rise, rising by 4.21% in the week. Last week, the domestic pig market price rose slightly, rising by 2.24% in the week. The breeding industry rose again, the corn price was weak and stable, the domestic breeding industry still had considerable profit space, and the enthusiasm of farmers to supplement the market was high, which will drive the domestic corn feed demand to gradually rise in the future.

SunSirs corn products analyst believes that China domestic corn market price is still likely to rise under the support of the phased tight supply in the short term.

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