It will be inevitable for domestic corn prices to continue to fall

Introduction: Since August this year, there has been a sustained decline in the price of corn in the domestic market At present, the average price of corn in the domestic market is 1265 yuan / ton, 138 yuan / ton lower than that in August Although, after continuous price adjustment, the decline in the market price has been large, however, due to the fact that new corn has not been fully listed, the acquisition of new corn in Northeast China has been slow Once Northeast China As the number of new corn on the market increases, the market pressure will be upgraded Therefore, it is expected that the domestic corn market price will still fall in the later period The specific reasons are analyzed as follows: first, there is a significant decline in feed and breeding production after the festival After the "two festivals" in domestic feed and breeding industry, the production and sales volume in most regions have declined significantly It is understood that the domestic poultry industry is still at a low ebb, and pig farming is at a low ebb Aquaculture has entered the seasonal off-season, and the feed sales are about 10% - 15% lower than before the festival Second, corn in Guannei has not entered the climax of listing At present, although most areas of new corn harvest in Guannei have been basically ready, but the work of winter wheat and autumn planting in some main production areas is still not completed, so that the new corn harvest and sun exposure in some areas have been affected, so the corn market in Guannei has not yet entered a climax In this way, the price of corn in most areas of Guannei in the later period will continue to decline, but the decline will be significantly smaller than that in the earlier period Third, northeast corn has not reached the stage of batch listing Because it is convenient to thresh corn in Northeast China after frost Generally, a large number of corn will be threshed and dried in November At present, although most of the new corn has been harvested home, only a small amount of new corn is listed in some areas, and the batch of corn will be listed until next month, and a large number of corn is generally listed before the Spring Festival and March next year before spring sowing Fourth, the price of corn in dashangsuo and CBOT will still fluctuate at the bottom In the near future, although the rising international oil price has led to the rise of sea freight, the output of corn in the United States is expected to reach a record 295 million tons, an increase of 15% compared with last year, and corn is gradually entering the circulation channel, posing potential pressure on the market In addition, the recent sharp decline in the US dollar exchange rate is also conducive to the export of corn in the United States Therefore, the overall negative situation of the corn market in the United States has not changed, so the price of corn market in the later period has a smaller decline Due to the lag of new corn listing in Northeast China, there is a relatively large space for domestic corn price to fall in the later period In short, at present, the domestic corn market still maintains the trend of seasonal price decline, and the corn price of dashangsuo will continue to bottom
To sum up, the domestic corn market is in the period of continuous listing of new corn, with a large amount of market supply, which has a relatively strong impact on the market However, the domestic corn consumption index has not been improved since the feed industry and the breeding industry have entered the slack season of consumption, and the market situation of oversupply is obvious As the number of new corn listed continues to increase, It will be inevitable for the domestic corn market price to continue to fall.