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Corn rally can't stop the car! Future corn price forecast

  • Categories:News
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  • Time of issue:2021-05-18
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(Summary description)

Corn rally can't stop the car! Future corn price forecast

(Summary description)

  • Categories:News
  • Author:
  • Origin:
  • Time of issue:2021-05-1832
  • Views:
Information

Up up, Shandong corn prices rose! In recent days, the price of corn in Shandong Province has risen sharply, and the rising trend is gratifying. Now the price of corn in Shandong is rising. The more traders who still have corn in their hands do not want to sell corn, the more they have the mentality of being a rare commodity.

Does the price of corn keep rising in the future?

From the situation of wheat market, there are still great risks in the future corn market. At present, the price difference between corn and wheat is large, and the cost performance of wheat in the feed end is very high. Feed enterprises are willing to use wheat to replace part of corn for feed processing. Recently, the northern region is approaching the marketing period of wheat. In June, the wheat of northern provinces will be harvested and marketed intensively. At that time, affected by the supply pressure, the price of wheat may fall under pressure, thus affecting the price of corn.

In addition to the substitution of wheat for corn, most traders in North China trade in both corn and wheat. However, due to the fact that grain accounts for a large proportion of the stock, there is no corn if there is wheat. Then, in order to harvest wheat normally, there are still corn traders, and there is a high probability that they will sell their corn. There will be potential supply pressure for corn in the future. However, the trend of the grain market still depends on its supply and demand.

Compared with that in 2019, the price of corn increased by US $220 / T.

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