Corn market analysis in May

Introduction: in April, the trend of China's corn market showed that the prices in the production areas increased gradually and the prices in the sales areas decreased The main reason is due to the reduction of railway freight, the news of stale grain auction and the contraction of domestic demand also put some pressure on the price The price of Jilin production area increased from 935 yuan / ton to 945 yuan / ton; the price of Heilongjiang corn increased from 940 yuan / ton to 970 yuan / ton Sales in Shanghai fell from 1080 yuan / ton in March to 1040-1050 yuan / ton; in Fuzhou from 1170 yuan / ton to 1150 yuan / ton; in Zhejiang from 1090 yuan / ton to 1070 yuan / ton; in Jiangsu from 1080 yuan / ton to 1060 yuan / ton; in Guangdong from 1130 yuan / ton to 1100 yuan / ton The decrease of railway freight makes the advantage of corn export in Northeast China, especially in Jilin and Heilongjiang provinces, which promotes the price rise As for the sales area, most traders and grain consuming units take a wait-and-see attitude, the purchase volume is significantly reduced, coupled with the continuous increase of the arrival volume, which makes the price drop It is expected that corn market prices will not rebound significantly in May and should fluctuate in a stable and medium range The influencing factors are as follows: 1 Seasonal factors Generally speaking, April and may are the peak of grain consumption in China's feed industry, which will drive up the price of corn However, since last year, China's feed industry has kept a low profile, which is not expected to bring too much hope to the price of corn 2 Auction of aged grain On April 10, a total of 51298.41 tons of stale wheat were sold at the auction of stale grain held in Urumqi, Xinjiang On April 19, Fujian Province held "Fujian Province reserve grain auction" in Fuzhou grain wholesale market, auction about 7300 tons of aged rice and wheat, 6500 tons of non aged rice and wheat And Jilin Province will also hold the auction of aged grain on May 16, with a considerable number A large number of aged grains will flow into the market, which will certainly have an impact on the corn market, resulting in a downward price 3 Import and export After China's accession to the WTO, the domestic corn market is facing the impact of import, but a series of national protection measures have played a certain role in restraining the impact of import corn At present, the reference quotation for the shipment of yellow corn No.2 from May to June in the United States to China's destination port C & F is 110 US dollars / ton, and the port duty payment cost is close to 1130 yuan / ton (tariff 1%, VAT 13%, port miscellaneous and insurance fee 90 yuan / ton) The price of domestic corn boat board in Guangdong port is 1100-1110 yuan / ton, which is 20-30 yuan / ton lower than that in the United States Without a surge in demand, import activities may not be carried out With the approval of the State Council, the value-added tax on rice, wheat and corn for export has a bright future When the above-mentioned goods are exported, the output tax is exempted The refundable tax = the tax price of export goods × 13%, and the tax price of export goods = the purchase price of the batch of export goods calculated and determined according to the enterprise cost accounting method The implementation of this measure and the reduction of railway freight will greatly reduce the export cost Therefore, it is expected that China's corn export will continue If the export volume increases, it will lead to a wave of rising market (author:) share to feed Weibo share to: