The price of corn in Shandong's Texas market rose sharply in April

As of April 29, the corn entry price for corn deep-processing companies in most counties and cities in Texas was between 1840 and 1940 yuan/ton (14% moisture), and the purchase price for individual grain merchants was between 1820 and 1860 yuan/ton, which is more than The month rose between 40-80 yuan / ton.
The factors affecting this month's corn market are: First, due to the impact of the domestic white sugar production price increase last year, the substitution effect of corn starch is obvious, the price of starch is gradually increased, the operating rate of starch enterprises is significantly increased, and the demand is strong, which is the trend of corn prices in our city. A strong boosting effect was achieved; second, the amount of surplus corn in the hands of grain farmers was significantly reduced, and the reluctant sellers sentiment led to the scarcity of listed stocks in the spot market, which effectively promoted the increase in corn prices; and thirdly, the 500,000 tons of temporary corn in the northeast of China participated in the 13th of this month. Auctions and all transactions, including 2007 corn transaction plan 68,600 tons, average transaction price of 1738 yuan / ton, 08 corn plans to trade 434,600 tons, average transaction price of 1729 tons. Higher auction prices also serve as benchmarks for spot market price movements;
It is expected that the future corn market will continue to continue strong: First, the available corn in the hands of grain farmers will gradually dry up, and later reluctant sellers will be more intense, which will effectively support the price trend of the corn market; Second, according to statistics, as of April 26, The remaining reserves of corn in the country's 09 reserves are about 14.5 million tons. As of April 10, a total of 39.144 million tons of newly-produced corn in 2009 were acquired by various grain companies in 10 corn-producing provinces (regions) including Hebei, Inner Mongolia, Liaoning, Jilin, Heilongjiang, Shandong, Henan, Sichuan, Shaanxi and Gansu. Compared with the same period of the previous year, it decreased by 19.709 million tons, of which state-owned grain enterprises purchased 100.18 million tons, which accounted for 26% of the total purchase volume and a decrease of 29.255 million tons over the same period of last year. Relatively low temporary reserves have also promoted the market price of corn to a certain extent. Third, affected by the continuous cold weather, the spring sowing time of corn in Northeast China has been delayed more than a week from the same period of last year, causing some market participants to worry about the local corn production situation. . Although the critical period for affecting corn production in the later period is the flowering period and pollination period from July to August, the speculation of the weather theme has also played a certain role in promoting the price of corn.
Although there are many favorable factors in the later corn market, it is reported that China may have booked 2-30000 tons of U.S. corn. Before the U.S. Department of Agriculture reported that China has ordered about 115,000 tons of corn, the estimated delivery time is 6, Between July, the cost of goods arrived at 1890 yuan / ton, a certain degree of psychological constraints on the corn market upside. Moreover, the state's weekly temporary reserve auction will also effectively alleviate the contradiction in the demand of the corn market and play a certain role in regulating the price of corn.
In summary, the future corn market will remain in a strong atmosphere under the influence of various factors.

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