Corn multi-mode to stocks reserve waiting policy guidelines

Corn multi-mode to stocks reserve waiting policy guidelines

The temporary storage became a fact that the circulation of corn in the past has been reduced.

As of the end of April 30, the corn country's total deposits totaled 125.42 million tons, including: Inner Mongolia 21.86 million tons, Jilin 45.36 million tons, Heilongjiang 46.97 million tons, Liaoning 11.24 million tons. Compared with last year's purchase of 83.42 million tons of the National Reserve, the increase was over 33%. A large amount of storage also means that the corn market circulation in this year has been greatly reduced. The grain source of the feed mill is limited. In the summer, the hard demand for production is still there. Therefore, the market has a stable and bullish view on the price of corn in the later period. The high price has become an indisputable fact. Before the new grain enters the market in the autumn, the market grain source will depend on the total amount of the state reserve auctions in the later period.

Xiao He only reveals sharp corners and goes in stock in various modes.

Northeast China: The recent rotation of corn has returned to the warehouse. The price of corn purchased in the new season has been under pressure, and the acquisition of new grain is difficult. The feed mills mainly purchase Chenliang. It is expected that the policy grain will gradually guide the market trend in the later period.

On May 6th, the fourth auction of Jilin provincial-level reserve corn was held. The planned auction volume was 33,249 tons, and the actual transaction volume was 7,796 tons, including: 12-year second-class corn transaction price of 1610, premium 50; 13-year first-class corn transaction price 1830, a premium of 180.

On May 13th, the fifth auction of Jilin provincial-level reserve corn was held, with a total auction of 25,453.014 tons and a turnover of 3032.674 tons: the first-class corn transaction price in 2013 was 1,650 yuan/ton, and the rest were all taken.

Also on this day, the National Grain Exchange Center targeted the auction of 12 years of corn, a total of 400,000 tons, the national unified auction reserve price of 1,300 yuan / ton, alcohol and ethanol companies to participate in the auction.

There are many ways to export Chen grain, and the rotation of grain gradually occupies the market, which can indicate the country’s determination to destock in this year. Therefore, the recent purchase of poultry corn prices by manufacturers is relatively stable, and the acquisition is relatively easy. According to the current market for 12-13 years of corn, the market will take some time to digest.

The factory has a bottom, the short-term inventory is basically completed.

Feed mills have different prices for the purchase of pig corn and poultry corn. Since mid-to-late April, feed manufacturers in North China have gradually increased corn stocks. It is reported that most of the local feed manufacturers have completed more than one month of stocking of pig corn. The demand for poultry corn is relatively low, and the supply of market rotation is sufficient, and the stock is kept for about half a month. And the facts also show that the difficulty of local corn purchases has gradually increased, and Chen has gradually occupied the market. For enterprises with relatively high quality requirements, they will mainly pay attention to the auction of the national reserve in the later stage, while those with lower requirements will have more choices.

A large number of stocks are still muted, the market is waiting for policy guidelines

Since entering May, the fluctuation of the corn market has been small, and the difference between the market conditions of good and bad corn and the short-term basic stock status have made the manufacturers wait and see. In order to reduce the huge inventory of corn in China, the market has accepted a large number of out-of-stocks. Most manufacturers expect that the post-production time will be later. At that time, there will be little corn left, and the auction price may be relatively high. However, at present, a large number of stocks are still in a state of mute, and all aspects need to wait for the later policy guidance. The future price range will depend on the speed of the national reserve and the auction price.

(Original title: Corn auction without sound is still pending policy guidelines)