Corn: Futures fell by 70 yuan/ton, and the spot price fell by more than 100 yuan/ton. The strong market came to an end

　　Corn 2201 main contract: a cumulative drop of 70 yuan/ton in three dayse2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　On November 15th, according to the market trend chart, the price of the main corn 2201 contract has continued to fall recently.
Starting from November 11, as of November 15, the price of the main corn 2201 contract has fallen cumulatively for three trading days.
Up to 70 yuan/ton
.
e2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　After entering November, the harvest of corn in the north had just ended.
Then, the northern region ushered in "strong snowfall", which not only delayed the launch of new corn, but also caused the drying cost and transportation of new corn.
The cost "increased", so last week and last week, the main contract price of corn 2201 showed another wave of increase
.
e2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　According to reports, this week and next week, the climate in most parts of the north is dominated by dryness, which will not only increase the quantity of new corn on the market, but also reduce the transportation cost of corn
.
e2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In other words, in the next two weeks, the supply of corn will "increase" greatly, which will inevitably make the price of the main contract of corn 2201 fall under pressure
.
e2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Corn spot: Shandong area corn led the decline, some areas fell more than 100 yuan/tone2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　According to statistics from China's feed industry information network Huitong: Corn prices in Shandong have fallen by about 80-100 yuan/ton since the beginning of the decline on the 12th
.
After the cold wave in North China, the weather turned fine, and the continuous price hikes of enterprises increased the sentiment of grassroots growers to pay for grain, and the northeastern crops began to enter the customs one after another.
The arrival volume of processing companies continued to increase.
However, due to the high moisture content of listed grain sources, Enterprises are not willing to stock up on food, and the purchase price has been lowered
.
e2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　On November 11, the purchase price of Shouguang Golden Corn with 14% moisture content was 2880 yuan/ton, and 2800 yuan/ton on the 16th, a decrease of 80 yuan/ton
.
e2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　On November 11, the purchase price of 14% moisture 14% new corn Tianli Pharmaceutical was 2880 yuan/ton, and 2810 yuan/ton on the 16th, a decrease of 70 yuan/ton
.
e2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　On November 11, the purchase price of new corn with moisture content of 14% Zhucheng Xingmao was 2950 yuan/ton, and 2850 yuan/ton on the 16th, a decrease of 100 yuan/ton
.
e2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　On November 11, the purchase price of new corn with moisture 14% Zhucheng Yuanfa was 2940 yuan/ton, and 2810 yuan/ton on the 16th, a decrease of 130 yuan/ton
.
e2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　On November 11, the purchase price of new corn with 14% moisture in Heze Chengwu Dadi was 2950 yuan/ton, and 2850 yuan/ton on the 16th, a decrease of 100 yuan/ton
.
e2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　On November 11, the purchase price of new corn with moisture content of 14% Zaozhuang Hengren Industry and Trade was 3,000 yuan/ton, and 29,500 yuan/ton on the 16th, a decrease of 50 yuan/ton
.
e2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　On November 11, the purchase price of new corn with moisture content of 14% Yishui Dadi was 2940 yuan/ton, and on the 16th was 2840 yuan/ton, a decrease of 100 yuan/ton
.
e2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　On November 11, the purchase price of new corn with moisture 14% by Binzhou Jinhui was 2880 yuan/ton, and 2790 yuan/ton on the 16th, a decrease of 90 yuan/ton
.
e2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The corn spot market is difficult to maintain a strong outlook, the main reasons are as follows:e2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　1.
The weather has turned dry recentlye2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Before and after the National Day, heavy rains occurred in East China, which delayed the corn harvest
.
This year's corn market time has been postponed by 20-30 days
.
In previous years, the new season corn began to go on the market at the end of September and early October, but this year, the volume of corn began to increase at the end of October and early November
.
In addition, due to continuous rain, the corn could not be dried in time after harvest
.
On the one hand, coal prices were high at that time and drying costs increased; on the other hand, it was convenient because drying equipment was generally lacking, and the proportion of moldy grains increased
.
The overall quality deterioration has reduced the effective supply in the market, and companies have to raise their quotations to purchase new season corn of good quality
.
Last week, the China Meteorological Administration issued a red blizzard warning in some parts of Northeast China, further increasing the difficulty of the circulation of new grains and prompting both spot and futures prices to rise
.
However, the latest weather forecast shows that from this week to the next week, the weather in most parts of the north is mainly dry, which is conducive to the recovery of transportation and the increase of corn
.
e2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　2.
Deep processing companies are cautious in purchasinge2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Although the processing profit is high, the corn starch and corn alcohol enterprises have increased the operating rate, but the operating rate is still at a low level over the same period
.
As of the week of November 5, corn consumption by deep processing enterprises was 1.
082 million tons, an increase of 5.
6% month-on-month and a year-on-year decrease of 0.
7%
.
At present, companies are more cautious in purchasing and building a database, and most of them adopt the strategy of purchase and use
.
e2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　3.
Increasing possibility of wheat substitutione2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　As a substitute for corn, the increase in wheat prices has pushed up the bottom of corn
.
The usual criterion for feed companies is that the price of wheat is 50-100 yuan/ton lower than the price of corn, and wheat has a price comparison advantage.
At this time, the company chooses to replace it partially
.
The spot price increase of wheat is one of the reasons for the recent increase in corn prices
.
e2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In the second half of this year, many major wheat producing countries were plagued by extreme weather
.
Forecasts show that global wheat production will decrease by 0.
7%
.
In October, the price of wheat continued to rise, boosted by factors such as expected reductions in wheat production, rising chemical fertilizer costs, and entering the peak consumption season after the weather turned cold
.
On November 1, the Ministry of Commerce issued the "Notice on Doing a Good Job in Maintaining Supply and Stabilizing Prices of Vegetables and Other Daily Necessities in the Market for the Winter and Spring", which mentioned that families are encouraged to store a certain amount of daily necessities as needed to meet daily life and emergencies.
The needs of the situation
.
It was a regular release every year, but it was over-interpreted by people, causing the rice flour oil to be snapped up, and the situation in which the supply exceeded demand, further stimulating the price of wheat
.
e2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The domestic market has the dominant power over wheat market prices
.
Based on the guidance of national policies to maintain supply and stabilize prices, if a large amount of policy-oriented wheat is subsequently released, the price of wheat will inevitably be under pressure, and its substitution effect will also appear, thereby weakening the demand for corn
.
e2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　4.
There is a rigid demand for feede2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Recently, the weather has rapidly turned cold, and the demand for pork has increased.
Residents are preparing for the winter frozen meat in advance
.
Although data on pig feed production and breeding sows in September showed that pig feed production was 10.
99 million tons, a decrease of 1.
7% from the previous month; the number of breeding sows was 44.
59 million, a decrease of 1.
05 million from June, a decrease of 2.
3%.
, But as of November 5, the farming profits of outsourced piglets and self-breeding pigs rebounded to 27.
51 yuan/head and -62.
7/head respectively, and all of them will soon enter the profit range
.
In addition, as of the week of November 4, the national average slaughter weight of pigs was 125.
04 kg/head, an increase of 0.
85% from the previous week, and basically restored to last year's level, which supported corn demand
.
e2q China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In general, the main factors affecting the recent corn market trend are the pace of new grain launches and the replacement of wheat
.
The bottom of corn has risen due to the increase in planting costs and the price of wheat, while the top is restricted by national policies that focus on stability and the feed formula can be adjusted at any time
.
Recently, wheat prices have shown signs of stabilization.
Starting this week, the Northeast has also bid farewell to heavy snowfall, and a large number of corn will be listed on the market, which will put prices under pressure
.
e2q China Feed Industry Information Network-Based on feed, serving animal husbandry