Summary of international corn market in the first ten days of July

Introduction: in the first ten days of July, the international corn market continued to be bullish The specific situation is as follows: the FOB export price of American corn rose Since late June, corn futures prices in Chicago have been rising continuously, driving corn spot export prices to continue to rise At the beginning of ten days, the FOB price of corn export in the United States was about 102-103 US dollars / ton, while the FOB price did not significantly reduce the futures basis, and the FOB price basis for July contract remained at 21-22 US cents / bushel At the end of ten days, the FOB price of Meiwan port (shipment date in July) is about 98-99 US dollars / ton, which is equivalent to the reference price of China port of 1200-1220 yuan / ton, which is about 20 yuan / ton lower than that in late June Recently, the freight of 54000 tons of Panamanian ocean food from the US Gulf to Japan is about 17-18 US dollars / ton, about 1 US dollar / ton lower than that in late June In addition to the rise of futures prices, the depreciation of the US dollar and the reduction of ocean freight have maintained the competitiveness of US corn export, and the hoarding of corn stocks by US farmers has also contributed to the rise of corn export quotations High corn price in Chicago futures market With the continuous hot and dry weather in the corn planting belt of the United States in recent two decades, the corn futures price in Chicago continued to rise On the first day, the corn price in Chicago reached a new high, and the contract closed at 232.75 cents / bushel (91.63 US dollars / ton) in July Then, due to the intermittent period of high pressure ridge bringing some rainfall to the Midwest of the United States, the corn market showed a slight correction On the fifth, 8 The monthly contract closed at $223.25 per bushel ($97.90 per ton), down $9.50 per bushel from the beginning of the period In the later period, the weather will continue to be concerned, and any news about the weather will cause the fluctuation of futures prices The weather forecast shows that the corn planting belt in the United States will be controlled by strong high pressure in the middle of the year The dry and hot weather may cause the corn price to continue to rise (author:) share to feed Weibo share to: