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Corn up more than $220 per ton! Can it rise to the previous high price?

  • Categories:News
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  • Time of issue:2021-05-19
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(Summary description)

Corn up more than $220 per ton! Can it rise to the previous high price?

(Summary description)

  • Categories:News
  • Author:
  • Origin:
  • Time of issue:2021-05-1927
  • Views:
Information

What's the trend of corn in Shandong? It is difficult to recover to the previous high in May and June. It is expected that corn prices may recover to the previous high in July and August with the decrease of market grain.

 

How about the northeast corn market from June to July? It is expected that corn prices will fluctuate and rise slowly from May to June. In July, it depends on the rebound of downstream demand and the price difference of wheat and corn. In addition, there is also the situation of whether the traders have phased centralized delivery. It is expected that the prices will rise.

 

The price of corn keeps rising, and some deep processing enterprises in Shandong have increased by more than US $220 / T compared with that in 2019. However, the price of wheat remains stable. However, under the influence of the continuous rise of corn prices, wheat prices finally began to improve over the weekend. Some flour enterprises in Hebei, Henan and other places, today's wheat purchase prices rose by 2.5-3.2 US dollars / ton.

 

North China is still dominated by rainy days, and the weather still has a negative impact on the market supply of corn. On Saturday, the morning delivery volume of deep processing enterprises in Shandong Province was only more than 200 vehicles, and the market supply did not really recover. In the case of low corn supply, it is very difficult for the price to fall in the future.

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