According to Sina Finance ,analysis of domestic corn market price trends as of November 24, 2025: The overall domestic corn market currently exhibits a firm upward trajectory, with prices rising amid volatility. Core drivers include temporary supply tightness stemming from farmers holding back sales, logistics constraints, and port restocking demands, coupled with restocking needs from downstream enterprises. Concurrently, market sentiment and capital flows have propelled corn futures to surge with strong position increases, creating synchronized movements between futures and spot markets.
Mainstream procurement prices at northern ports range from 2,180 to 2,200 yuan/ton, with relatively stable arrival volumes. Corn futures continued their sharp upward trend with positions increasing by over 60,000 contracts. The main January contract closed at 2,217 yuan/ton, adding 25,000 contracts. Today saw increased arrivals in Shandong, leading to a slight decline in local procurement prices. However, producer-area prices remain firm, with Northeast China's prices staying strong due to withholding and logistics factors.
Farmers remain reluctant to sell, slowing the release of new grain and hindering sales progress, resulting in tight actual grain supply in the market. Transportation capacity in Northeast China remains strained, with some loading stations temporarily halting operations, intensifying supply concerns in consumption areas like North China and bolstering bullish sentiment. On the demand side, downstream players have restocking needs but approach higher prices cautiously. Feed mills, having replenished inventories earlier, now hold about 30 days' worth of stock and have slowed purchasing pace. Deep-processing enterprises, facing inadequate arrivals, have raised purchase prices. While short-term market sentiment remains firm, medium-term concerns about delayed selling pressure persist. Market confidence in sustaining current high corn prices is uncertain, with widespread attention focused on potential risks from December to January next year. Key factors to monitor include shifts in grain sales pace, logistics conditions, and import corn auction policies.
Currently, imported corn auctions are seeing robust bidding. Continued large-scale releases could supplement and suppress domestic corn prices. Although feed enterprises have rigid demand—with breeding sow inventories already falling below 40 million head—corn demand is expected to gradually slow in the later period. Simultaneously, against the backdrop of livestock farming losses, their tolerance for high corn prices is limited, potentially prompting a shift toward alternative grains.
As an integrated internet platform providing benchmark prices, on November 25, the benchmark price of corn on SunSirs was 2,190.00 RMB/ton, an increase of 2.00% compared with the beginning of the month (2,147.14 RMB /ton).
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