In the second half of 2005, China's corn export will be significantly reduced
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: the export of domestic corn in the second half of the year will be significantly lower than that in the first half of the year, which is not conducive to the continuous strengthening of domestic corn prices Due to the small price difference between China and the United States, domestic corn does not have obvious advantages At present, there are still two months to the end of the year This year, the national corn export policy has not been issued yet The market expects that the domestic corn export quantity will continue to decrease in the later period According to customs statistics, China's corn export in August was 594000 tons, 414000 tons less than that in July From January to August, the cumulative export volume of corn was 6.619 million tons, a year-on-year increase of 258.8% Experts said that when the domestic corn price soared, the international market price was relatively calm, and the CBOT corn period price was still in a large decline channel The expectation that a large number of new corn would be centralized on the market and the output would increase significantly this year made the period price unable to rise, and the period price would still find the bottom support.
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