SunSirs: Corn Prices Stopped Falling and Recovered Slightly This Week (February 13-17)

Price trend

According to the monitoring of SunSirs, the price of domestic corn stopped falling and rose slightly this week. At the beginning of the week, the average price of third-class yellow corn was 2,814.29 RMB/ton, and the average price at the weekend was 2,815.71 RMB/ton, a slight increase of 0.05%.

Analysis review

In the middle of February, affected by the continuous decline of corn prices in the production areas, the arrival of corn in northern ports continued to decline. In order to stimulate the arrival of corn, the purchase price of corn in the port area rose slightly this week, and the downstream deep processing enterprises raised the price at any time to replenish the stock, and the overall price of domestic corn market stopped falling and rose slightly.

Domestic egg prices were weak this week, falling by 1.20% in the week, and domestic pig prices rose slightly, rising by 2.08% in the week. In general, the market of the breeding industry was still weak. Although the price of pig had risen slightly, the ratio of pig to grain was still in the loss range. The enthusiasm of farmers to supplement the fence continued to fall, and the demand for corn feeding in the future will gradually weaken, and the overall demand will be mainly for just needs.

Market outlook

According to the corn product analysts of SunSirs, after the year, the temperature gradually rose, the market of corn in the production area continued to increase. The main body of grain storage trade continued to sell out of the warehouse, the overall downstream feeding demand turned weak, and the imported corn continued to arrive at the port. Under the pressure of many bad news, the purchase price of corn in the port and deep-processing enterprises will be lowered again after the stock of corn has been supplemented to some extent. The overall price of domestic corn market is weak and difficult to change.

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