The price of corn in China is hopeless

Introduction: from the current supply and demand fundamentals on July 7, the space for the seasonal recovery of corn prices in the third quarter of this year will be further narrowed, and there is no hope that corn prices in production areas will rise After entering the fourth quarter, due to the gradual listing of corn in Huanghuai area of North China, China's corn market will fall seasonally The main reasons are as follows: D62 1 After the corn development in Northeast China enters the heading stage in late July, the precipitation conditions are relatively favorable, the corn growth will develop in the direction of high yield, and the pressure of production on the market will be gradually reflected If the rainfall is sufficient in the first and middle of August, the domestic corn price may fall in advance The second is that the auction of 1.14 million tons of corn in Jilin in the middle of July had a negative impact on the market, and after the auction, the production and marketing areas had a volatile market In August, there will be a large-scale auction of stale grain, but the auction of stale grain is still uncertain From August to September, the number of grain sold by auction increased, which will restrict the normal quantity of grain sold D623 As far as the feed breeding industry is concerned, the price of livestock products such as pigs is low and unstable at present, and the price of other feed materials such as soybean meal is unstable and the trend is unclear, while the use of alternative energy materials such as feed wheat continues to affect the consumption of corn, so the depressed feed demand will restrict the continued recovery of corn market D62