crashbandicoot1android| Corn futures rose slightly by 0.12%, domestic and foreign supply and demand affected market dynamics

editor2024-05-27 14:50:556Family

News summary

Domestic corn futures rose slightly by 0crashbandicoot1android.12% to 2462 yuan/toncrashbandicoot1androidTraders were reluctant to sell and increase prices due to reduced grain sources. Brazil's corn export forecast for May was lowered to 630,000 tons, and AgroConsult predicts that corn production in the second quarter will fall by 10.5% year-on-year. U.S. corn export inspections increased by 20% weekly and decreased by 9% year-on-year. Corn inventories of domestic north and south ports and feed companies changed, with corn imports decreasing by 22.04% year-on-year in March. Investors need to pay attention to the dynamics of imported grains and terminal demand.

Newsletter text

[Corn futures C2407 prices rose slightly] The main contract in the corn futures market, C2407, rose 3 yuan/ton to close at 2462 yuan/ton. [Brazil's corn exports are lowered] According to ANEC forecasts, Brazil's corn exports will decrease to 630,000 tons in May. [Corn production in the second season is expected to decline] AgroConsult predicts that Brazil's corn production in the second season will reach 96.7 million tons, a decrease of 10.5% from the previous year. [U.S. corn export inspections drop] U.S. Department of Agriculture data shows that U.S. corn export inspections decreased by 9% compared with the same period last year. [Corn stocks in the north and south ports and sea volumes in the north decrease] Mysteel data shows that corn stocks in the north and south ports have decreased, and sea volumes in the four northern ports have also declined. [Corn inventories of processing companies decreased, and the number of days in stock in feed companies decreased] Corn inventories of processing companies nationwide fell by 7.96%, and the average inventory of feed companies decreased by 0.52% on a month-on-month basis. [The progress of domestic grain sales is the same as last year] Statistics from the Mysteel corn team show that farmers 'grain sales progress is 94%, which is the same as the same period last year. [Corn imports decreased year-on-year] Data released by China Customs showed that corn imports decreased by 22.04% year-on-year in March. [The corn market subsequently pays attention to the arrival and demand of imported grains in Hong Kong.] Market circulation has decreased, traders 'attitude towards supporting prices has increased, and the listing of new wheat may affect the market. Feed companies have reduced their purchasing enthusiasm and adopted an on-demand replenishment strategy.

crashbandicoot1android| Corn futures rose slightly by 0.12%, domestic and foreign supply and demand affected market dynamics