According to the monitoring of SunSirs, the domestic corn price last week was on the high side. The average price of the third grade yellow corn at the beginning of the week was 2,802.86 RMB/ ton, and the average price at the weekend was 2,812.86 RMB/ ton, up 0.36% within the week.

In November, domestic new season corn was fully listed. Affected by rainfall and epidemic situation in some regions, it was more difficult to transport corn outside the production area, and the freight also rose again. At the same time, the main players of grain storage trade were generally optimistic about the future market. The available grain sources in the domestic corn market declined, the arrival of corn at ports and deep processing enterprises was low, and the downstream demand for feed was strong, In order to stimulate the arrival ports and deep processing enterprises to slightly increase the purchase price of corn, and drive the domestic corn market to continue to operate at a high price.

Last week, the domestic egg price rose and fell back, falling 2.35% in the week, the pig price continued to fall, falling 3.16% in the week, and the aquaculture market has turned weak. In general, the breeding profit space is still considerable, the enthusiasm of farmers to supplement the fence is not reduced, and the wheat price continues to be at an extremely high position, so there are few wheat feed substitutes, and the demand for corn feed has increased significantly year on year. The unabated downstream demand will play a certain role in supporting the future corn market price.

SunSirs corn products analyst believes that: in the short term, with the support of just downstream demand, the domestic corn market price will continue to run strongly. The high yield of corn in the new season has become a foregone conclusion, and the import of Brazilian corn has been promoted smoothly. With the full market entry of corn in the new season in the future, the staged supply tension in the domestic corn market will be eased, and the price of corn in the future market will continue to rise without enough momentum.

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