Corn 2600 yuan after or no room for a big rise, wheat turnover one day more than last year, wheat

Recently, the domestic corn prices rose sharply, causing widespread concern in the market, the average price of spot corn has exceeded 2600 yuan / ton, futures prices also broke through the 2600 yuan mark at one point, a record high since the listing of corn futures.
the new season corn harvest in Northeast China after the festival, but the new season corn still maintained a high open high, the overall price is still all the way up.
tohuashun APP show that corn futures main 2101 contract on October 16 hit a high of 2629 yuan / ton, the highest since the contract was listed in September 2004, and finally closed at 2589 yuan / ton.
futures contracts have risen 41.79 per cent since January.
with the price of corn, the market has a rare phenomenon of goods, Northeast people even to North China "grab food."
Feed corn is enough, industrial corn overuse pushed up corn prices, said Lin Guofa, director of information, need to note that northeast corn has reached its highest level since 2014, and October 15 without warning, the next need to pay attention to policy regulation Risk, although the state has only about 30 million tons of corn reserves, but this year's auction of corn there is still 1/2 of the unstocked, plus the country's hands still have 60 million tons of 10 million tons of 10 million tons of 10 million tons of 10 million tons of corn and wheat can be auctioned to meet feed and deep processing needs.
However, some people in the industry said that if this year corn is only used as feed and food, that is certainly enough, but the overuse of corn in industry, but also lead to domestic corn supply and demand imbalance, one of the reasons for the rise in prices.
of corn for industrial use, mainly alcohol, fuel ethanol, and starch corn, especially alcohol and fuel ethanol, has led to higher corn prices.
after the price of corn? Is 2700 yuan expected? Wei Baigang said that the rise in corn prices is a recovery since the reform of the storage system, especially in the case of increased production costs, the appropriate price increase has a certain rationality.
we judge that this year's corn harvest has been finalized, the early auction of corn has been listed.
addition to some stocks of rice wheat can also be used for feed replacement, supply is guaranteed, corn prices continue to rise lack support.
Feng Lichen, president of China Corn Network, said that the supply of nearly 300 million tons can basically ensure that there is no obvious gap in the supply of corn in the new year, coupled with grain imports, over-time rice wheat inventory task in the context of the replacement scale expansion expectations, in the absence of a clear gap expected, corn price market simply does not have the conditions for continuous push-up.
For the next corn price trend, Lin Guofa said that corn rise space is not clear, the current price is high, but objectively this year's domestic corn production reduction, the national reserves of corn limited, and the continued recovery of farming demand, purely from the industry to see the corn rise certainty, as to how much can rise, depending on the policy attitude, to 2600 or cautious point, can be appropriately looked forward to 2700.
On October 21st the wheat auction volume was 2.92 million tons, more than last year's full-year turnover of 2.66 million tons of corn prices crazy rise really let the wheat market also followed the fire, the auction time from 8:30 a.m. until more than 9 p.m., and the volume again.
october 21st, wheat volume exceeded 2.92 million tons, surpassing last year's total volume (2.66 million tons).
north China market wheat spot price also reached 1.27 yuan / catty.
The widespread rise in corn prices has, on the one hand, provided the impetus for the rise in the price of wheat, on the other hand, the price-to-price relationship between wheat and maize has changed again, and the expectation of increased wheat consumption has also provided strong support for prices.
flour mills and feed companies snapped up the lowest purchase price of wheat, making the number of transactions hit a multi-year high.
Wheat price is the "ceiling" of corn prices, under which circumstances wheat in the feed can replace corn? October 21, the Ministry of Agriculture and Rural Affairs held a press conference on the first three quarters of the agricultural and rural economic situation, the Ministry of Agriculture and Rural Affairs Chief Economist, Director of the Development Planning Department, Mr. Wei Baigang mentioned that the protein content of wheat is 13.5%, 50% higher than corn, feed enterprises with what main value for money, how to account.
experts estimate that if the spread between corn and wheat narrows to about 100 yuan per ton, wheat substitute corn for feed will have a cost-effective advantage.
wheat has been fed more than 20 million tons a year in the history of china.
low corn prices in recent years, wheat feed has declined to less than 1 million tons in 2019.
recently, due to the rise in corn prices, to a certain extent, companies have acquired wheat for feed.
From experience, wheat prices are the "ceiling" of corn prices, wheat feeding increases will inhibit corn prices, corn prices will encourage feed enterprises to reduce the use of wheat, so in the long run, wheat instead of corn is unlikely.
this case, it is mainly the use of the market to adjust, so that the market plays a decisive role.
Feng Lichen said that according to the feed processing enterprises survey feedback learned that in the case of wheat prices and corn prices equivalent, you can use some wheat instead of corn as feed raw materials, the replacement ratio is about 15-30%.
once the price of corn is 5% or even more than 10% higher than that of wheat, wheat can be used as feed raw material to replace corn in large quantities, and even to meet the standard of all substitutes.