According to the People's Daily, data released by China's National Food and Strategic Reserves Administration on the 12th shows that as of now, various grain operators nationwide have cumulatively purchased over 100 million tons of autumn grain. Market purchasing and sales have been relatively active, with overall smooth progress in procurement.

The peak autumn grain procurement season began in early October and has now entered a concentrated volume phase, characterized by rapid procurement progress, active market transactions, and premium pricing for high-quality products. This year's corn demand remains robust, with diverse market participants actively entering the market. Corn harvesting in Northeast China is ahead of last year's schedule, and overall quality is satisfactory.

Relevant national authorities have successively activated minimum purchase price implementation plans for medium-late rice in Henan, Hunan, and Heilongjiang provinces. Localities have prepared over 10 million tons of storage capacity for minimum purchase price procurement and reserves, sufficient to meet farmers' grain sales needs.

Moving forward, the National Food and Strategic Reserves Administration will continue to strengthen grain market monitoring and early warning systems, closely track market dynamics, coordinate market-based procurement and policy-driven reserves, and focus on optimizing services for farmers. This will ensure farmers can sell their grain with confidence and peace of mind.

As an integrated internet platform providing benchmark prices, on November 13, the benchmark price of corn on SunSirs was 2,161.43 RMB/ton, an increase of 0.67% compared with the beginning of the month (2,147.14 RMB/ton).

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.