Why the price of corn fell in late July

Introduction: production area: in late July, corn prices in Jilin Province fell slightly According to the information center of the wholesale market of Jilin grain center, the transaction prices of new corn in 2002 are 940 yuan / ton for Nongan medium-sized corn, 950 yuan / ton for Changchun, 930 yuan / ton for Baicheng, 955 yuan / ton for Siping and 945 yuan / ton for average Main ports: Dalian port closing price is 1030-1040 yuan / ton, Qinhuangdao closing price is 1030 yuan / ton, Huangpu port corn arrival price is 1080-1100 yuan / ton, Guangzhou port arrival price is 1110-1120 yuan / ton It is reported that the closing price of corn in the port is 10-20 yuan / ton lower than that in mid July Main sales areas: in recent years, corn prices in Fujian market have also begun to fall, with an average wholesale price of 1150-1160 yuan / ton; in Quzhou grain market of Zhejiang Province, the wholesale price of corn is 1160-1180 yuan / ton; in Sichuan market, the price of corn is about 1100 yuan / ton The main reasons why the price of corn began to fall in late July are as follows: first, the quantity of corn available is sufficient Jilin Province has just held the second Chen grain auction fair, with 1.14 million tons of corn traded, with an average transaction price of 946.6 yuan / ton The delivery of these corn has begun At present, the northeast corn still maintains a huge inventory; second, the corn sales price in the production area has declined slightly since the middle of July, and the port and sales area began to appear chain reaction in the late July Third, there are rumors in the market recently that Heilongjiang will continue to auction corn in August, with a large number of auctions; other major corn producing areas will also take new sales measures to promote dumping In recent years, Jilin state-owned grain enterprises are busy with the delivery of competing Chen corn, with few other transactions; while grain enterprises in other provinces are busy with the delivery of Chen corn by bidding The new purchase intention is relatively reduced In late July, domestic corn prices all fell to different degrees, which may have an impact on future corn prices However, according to policy factors and market analysis, in August, corn prices in production areas will fluctuate to a certain extent, and it is unlikely to fall sharply.