The difference between domestic and foreign corn prices as high as 638 yuan / ton, where did the auction corn go? Brazil Argentina refused to provide none.

"Since this year, the new crown pneumonia epidemic continues to spread around the world, the international corn prices are obvious, while domestic corn supply and demand tight, domestic market prices continue to rise, resulting in domestic and foreign corn prices upside down, import pressure continues to appearYang Yantao, a researcher at the Institute of Agricultural Economics and Development of the Chinese Academy of Agricultural Sciences, saidDomestic and foreign corn price difference has been expanded to 638 yuan / ton, the United States corn inventory recorded the highest level in 33 years National Grain and Oil Information Center data show that as of June 30, domestic and foreign corn price spread sydgins have been expanded to 638 yuan / ton, and the trend of continuous expansionYang Yantao pointed out that the international corn market is well supplied, and demand has plummeted, u.Scorn end-of-year inventories hit a 33-year highAt the same time, the sharp decline in international crude oil prices, the weakening of ethanol demand, coupled with the outbreak caused transportation disruption, the joint suppression of international corn pricesFrom the domestic point of view, first of all, domestic corn supply and demand tightening, production gap widened to strengthen the corn price increase expectationsSecond, since the outbreak, the domestic corn trade has been suspended, the phase of supply shortage caused by price increasesThird, as the domestic epidemic is under control, corn feed and processing demand continues to improve, corn starch enterprises started from 37% in February to 67% in May, corn demand is risingWhere's all the corn at the stock auction? Since the end of May, the national pre-storage corn auction volume can also reach 36 million tons, coupled with the national one-time central reserve corn auction, the total should be at least 45 million tonsBut these corns have not seen circulation in the market so far, one can't help but ask: Where are all the corn auctioned? According to the previous auction rules, statistics from the small grain circle show that due to the country's time limit on the lin-storage corn auction, it is now clear that the first batch of 4 million tons of pre-storage corn has not reached the final export period so farIn addition to these factors, there is in recent times north Of China into the flood season, rain increased, but also limited the logistics of corn transportOf course, the bigger worry in the market is the simultaneous rise in the current corn priceAt present, corn futures main contract rise has opened up space above, 2009 contracts continue to come out of the listing since the price of a new highIn the first half of 2020, China imported 45.04 million tons of soybeans, accounting for 74% of the total grain imports, according to public information, China's soybean futures consumption in 2019 is more than 100 million tons, but domestic soybean production is only 19.65 million tons, less than 20 million tons, a huge gap can only be filled by imports of soybeansAccording to statistics, China's soybean imports last year exceeded 88 million tons, more than four times the domestic outputFrom China's customs published the first half of the agricultural products import and export data show that the overall increase in grain imports is obviousFrom the specific data, China's total grain imports in the first half of the year were 60.9 million tons, an increase of 20.6% YoY, of which soybean imports alone reached 45.04 million tons, accounting for 74% of the total grain imports in the first half of the year, and June imports set a monthly import record of 11.16 million tonsChina imported 10.51 million tons of Brazilian soybeans in June, nearly doubling the amount of soybeans imported in June to a record 11.16 million tons, including 10.51 million tons of Brazilian soybeans imported in June, up 18.6 percent from 8.86 million tons in May, up 91 percent from 5.5 million tons a year earlier, as The Chinese pig industry resumed demand after an outbreak in AfricaSoybean imports from the United States did not increase or decrease, falling 56.5 per cent to 267,500 tonnes from 614.8 million tonnes a year earlier and 45.6 per cent from 491.6 million tonnes in MayChina's soybean reserves for the week ended July 21 were 7.39 million tons, the highest since November 2018 and more than double the record low hit at the end of MarchBrazilian beans exit edified on the U.Sbeans, the United States is "taking the opportunity" to increase the price of Brazilian soybean procurement has come to an end, China's imported soybeans began to turn to the U.Ssoybean marketChinese buyers have bought nearly 2m tonnes of U.Ssoybeans since July, and the U.Sis "taking the opportunity" to raise prices after China buys millions of tons of U.SsoybeansAccording to the news, the U.SNo1 yellow soybean spot price average of $9.62 a bushel, up 6.5 cents from the previous sessionIn Illinois, soybeans, a soybean processing plant, were trading at $8.98 a bushel, up 3 cents from the previous sessionAccording to experts, the rise in U.S soybean prices is linked to strong demand from China With domestic soybean production unable to increase, domestic market demand is expanding, so soybean imports will continue to increase, which also led to a succession of increases in U.S soybean prices Brazil and Argentina refused to provide virus-free certificates, and the U.S seized the opportunity to sign 15.77 million tons of soybean orders as China detected new coronavirus estoccosis in agricultural and domestic foods imported from Australia, Brazil and Canada In order to avoid the introduction of viruses from abroad and protect people's lives, China requires imported products to provide virus-free certification However, it did not take long for Brazil, the country of first import of soybeans, to directly refuse to provide this certification The latest news shows that the Argentine Grain Exporters Association has also refused to provide the certificate, which has been refused by two major soybean-source countries in a row And just as the wind was being heard, the United States took the opportunity to sign a treaty with us on a virus-free certificate Subsequently, 15.77 million tons of U.S soybeans were shipped to China, and the pressure on U.S soybean stocks was greatly eased