According to the Commodity Market Analysis System of SunSirs, domestic corn prices continued to operate strongly last week. The average price of third grade yellow corn at the beginning of the week was 2,297.14 RMB/ton, and the average price over the weekend was 2,314.29 RMB/ton, with a 0.75% increase during the week.

Entering March, the domestic corn market trade has fully recovered, and ports and downstream deep processing enterprises have continuously raised corn purchase prices to ensure the arrival of corn. In addition, with the decreasing support of high-quality grain sources in production areas, the domestic corn market prices have continued to rise.

Last week, domestic egg prices fluctuated and fell, with a 2.05% drop during the week. Pig prices continued to bottom out, with a 4.61% drop during the week. The aquaculture market remained low, and the overall losses of the industry continued to increase, which will greatly suppress the enthusiasm of farmers to replenish their stocks. In the future, domestic demand for corn for feed will also decline.

The corn product analyst of SunSirs believes that the high-quality grain sources available for circulation in the corn market are gradually decreasing. Enterprises are raising prices to replenish inventory, and the downstream demand for deep processing of corn will not decrease. With the support of demand in the short term, the domestic corn market prices will continue to operate steadily with a moderate to strong trend.

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