China's four-day rush to buy 5.85 million tons of U.S. corn domestic prices rose again

Private exporters reported selling 2.108 million tons of corn to China, the second-largest one-day sale in history, just behind a deal in 1991 when the U.S. sold 3.72 million tons of corn to the former Soviet Union, the US Department of Agriculture said in a January 29 report.
, China has purchased 5.848 million tons of U.S. corn for four consecutive days, all of which will be delivered in 2020/21.
, corn futures on the Chicago Board of Trade closed up more than 2 per cent, their highest level in more than seven years.
march rose to its highest level since June 2013 at $553.75.
63 cents, or 13 percent, on the monthly chart, including 46.50 cents over the past week.
U.S. corn futures trend of global supply tightening, the next major producer's trade policy is likely to make further waves.
.S. Department of Agriculture expects end-2020/21 inventories to be 283.8 million tons, down 5.1 million tons from December.
183 million tons of corn and 64 million tons of U.S. exports in 2020/21.
: Most USDA agencies expect China's corn imports to exceed 20 million tons in 2020/21! China's corn import demand is expected to remain strong in the coming months, although some of the demand is likely to shift to other feed grains, such as sorghum, barley, chen rice and wheat stocks, according to a report by the U.S. Department of Agriculture's Overseas Agriculture Bureau.
the U.S. Department of Agriculture expects China's corn imports to reach 22 million tons in 2020/21, 4.5 million tons higher than the U.S. Department of Agriculture's official forecast.
Luciano, chairman and chief executive of global agricultural trading giant ADM, said on January 27th that China's corn imports would reach about 25m tonnes in 2020/21 (October-September) to replenish inventories.
corn imports could climb to 25-27 million tonnes in 2020/21, with 18-20 million tonnes coming from the US, according to agResource, president of AgResource, a Chicago-based consultancy.
the recent adjustment of domestic corn prices, futures from the high of 2930 yuan / ton fell the most sharply more than 220 yuan / ton, the night trough rebounded.
even the main trend of corn corn spot is relatively resistant to decline, Shandong region in the continuous shock after many days of increasingly fewer arriving vehicles, 29 acquisition prices stopped falling and rising.
Weifang Changle Yingxuan 3110 rose 20 for the highest domestic price, Shengtai Pharmaceuticals 2986 yuan / ton rose 14 yuan; Fat City Fuguang 2960 yuan / ton increased by 10 yuan; Tianli Pharmaceuticals 2970 yuan / ton increased by 14 yuan; Xiang Chi Jianyuan 2960 yuan / ton increased by 20 yuan; Linqing gold corn 2910 yuan / ton rose 18 yuan; Shouguang gold corn 2970 yuan / ton rose 14 yuan.
, Hebei Guangyu starch 2900 yuan / ton rose 10 yuan; Henan Mengzhou golden corn 2950 yuan / ton rose 20 yuan.
this year's Lunar New Year holiday is From February 11th to February 17th, the market will resume until after the 15th of the month (February 26th), that is, the atmosphere in February is relatively deserted.
"two sessions" of the National Congress will be held on March 5.
Corn in China's largest sowing area, the highest total output, is the largest grain varieties, the rapid rise in prices of China's overall changes in grain prices have a strong impact, then the country will attach great importance to the stability of the grain market, corn market before the expected big ups and downs.