Chang Mingyue, corn market analyst of Zhuochuang Information

[introduction] during the May Day period, grass-roots farmers in Northeast China were busy with spring sowing, the supply of natural dry corn was small, the downstream demand was weak, the operation enthusiasm of traders decreased, the intention of shipping at low prices weakened, the intention of enterprises to purchase was not high, the market supply and demand was weak, and the price mainstream was stable. It is expected that in the short term, the northeast corn market is still dominated by the mentality game, the price may remain stable, and the market is dominated by a small number of transactions under weak demand.

As spring sowing takes place, the activity of market purchase and sales decreases.

During the holiday period, the price of the northeast corn market was stable, some deep processing enterprises and northern port traders suspended their acquisitions, grass-roots farmers were busy with spring sowing, the enthusiasm of traders was low, and the activity of market purchase and sale decreased. As of May 6, the average price of corn in Northeast China was 2243.Arcadeshooter.13 yuan per ton, which is the same as that at the end of April.

The willingness of traders to ship goods has weakened, and the enthusiasm of enterprises to acquire goods has declined.

According to Zhuochuang information research, most northeast traders have a strong willingness to ship goods at a reasonable price, among which some traders in Heilongjiang and Jilin have a small profit margin, and some traders mainly supply surrounding enterprises and grain depots with small shipments due to financial pressure. Traders in Liaoning and other producing areas have higher pre-inventory costs, shipping losses, and traders have a low willingness to ship goods, which means that shipments are temporarily suspended.

According to Zhuochuang Information to monitor the corn delivery situation of a deep processing enterprise in Northeast China, as of May 5, the average daily delivery volume of the enterprise was 15 vehicles in May, 35 vehicles less than in late April, a drop of 70%, and the corn purchase price was stable. The acquisition price is stable.ArcadeshooterUnder the circumstances, the volume of arrival is decreasing day by day, which shows that traders in the producing areas and surrounding farmers are less willing to sell grain.

According to Zhuo Chuang Information to monitor the situation of corn gathering ports in northern ports, the volume of corn gathering ports decreased significantly in May. Take Jinzhou Port (600190) as an example, the average daily port volume in May was 3500 tons, which was 10, 000 tons less than in late April, a drop of 74%, and the purchase price of corn fell by about 20 yuan per ton. The purchase price has fallen, the acquisition enthusiasm of port traders has declined, and traders from producing areas are reluctant to sell at low prices, resulting in a reduction in the volume of corn ports.

Demand is weak, corn prices in Northeast China may be difficult to rise in the short term.

To sum up, the current northeast traders due to the continuous strengthening of cost support, low-price sales sentiment may be increasing. But the downstream demand is relatively weak, especially the current northeast grain has no price advantage, the outward delivery is not smooth, and the acquisition enthusiasm of the northern port traders may be difficult to improve; the local downstream enterprises maintain on-demand procurement, and the corn purchase prices of deep processing enterprises may be flexibly adjusted according to the arrival situation, and it is expected that the rise of northeast corn prices will be limited in the short term, or the mainstream will be stable.