Summary: The new season corn is gradually listed,the demand side is relatively weak,and the price of corn is weak in August.
Corn prices for August 2024 are as follows: The average price is 2388 yuan/ton.
Spot prices in August continue to run weak .The following figure takes a day in August as an example,the pries of various provinces are shown below.
|
Province and city
|
August 16th
|
August 15th
|
July 16th
|
|
Liaoning
|
2391
|
-3
|
-33
|
|
Heilongjiang
|
2433
|
1
|
-29
|
|
Jilin
|
2433
|
-3
|
9
|
|
Beijing
|
2686
|
4
|
287
|
|
Tianjin
|
2657
|
5
|
252
|
|
Jiangxi
|
2424
|
2
|
-24
|
|
Hebei
|
2447
|
-4
|
-2
|
|
Inner Mongolia
|
2430
|
-3
|
10
|
|
Xinjiang
|
2338
|
-2
|
-67
|
|
Shanxi
|
2422
|
-1
|
-166
|
|
Gansu
|
2371
|
3
|
4
|
|
Qinghai
|
2441
|
-1
|
43
|
|
Ningxia
|
2445
|
2
|
46
|
|
Henan
|
2334
|
8
|
-57
|
|
Hunan
|
2490
|
2
|
-14
|
Influence factor:
· Market supply and demand
The decline in feed production,the lack of bullish confidence of traders and the wilings to ship is strong ,which exerts a certain pressure on prices.And the overall drivers of the market are limited.The market trades around a game of good production and weak consumption.
Source:China food network
·Seasonality
As a crop,the price of corn is greatly affected by climate factors.With the increase of domestic corn supply channels,it is more difficult for northern corn to export to the south.
The spot shipment of corn from the north to the south continues to be upside down,and the spot shipment from the north to the sourth is upside down 50 to 80yuan/ton.
Sourth:Grain and oil market report
Source:CCM
More information can be found at CCM Corn Products China Monthly Report.
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