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What should be paid attention to in the follow-up market purchase and sale of corn prices

 Last Update: 2022-04-27
 Source: Internet
 Author: User

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Recently, the price of corn has risen, and the progress of farmers' grain sales has accelerated.

Liu Shilei said that the current regional characteristics of corn prices are more obvious

In mid-to-early February this year, the price of corn in Northeast China rose steadily, rising by 20-50 yuan/ton compared with the beginning of the month, while the price of corn in North China fell volatile and fell by 30-50 yuan/ton compared with the beginning of the month

It was not until the end of February that the production areas in North China and Northeast China experienced the same increase

In terms of market purchases and sales, March and April are the time when farmers focus on selling corn

Liu Shilei believes that in the future, we should focus on the impact of factors such as demand, imports, and grain substitution on the corn market

The first is the demand level

From the perspective of imports and international markets, the May futures contract for corn futures on the Chicago Board of Trade on March 3 touched a maximum of 760 cents/bushel, a year-on-year increase of 22.

In addition, Liu Shilei said that the level and persistence of the price difference between corn and other alternative grains is the main factor affecting the price trend of the corn market, and it is also an important decision point for business decision-making

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