freesignupbonuscasino| Cargill's corn purchase price is raised: North China corn prices are bullish amid fluctuations

editor editor
6
2024-05-20
Newsletter summary The spot price of corn continues to riseFreesignupbonuscasinoReduced supply drives bullish sentiment...

Newsletter summary

The spot price of corn continues to riseFreesignupbonuscasinoReduced supply drives bullish sentiment in the marketFreesignupbonuscasinoThe futures market is also showing a positive trend. There is a shortage of surplus grain in North China, and traders are more reluctant to sell. Corn production and imports at home and abroad are still the key factors affecting prices.

Text of news flash

Corn spot market ushered in a new round of rally in the past week, corn spot prices continued to rebound, the increase expanded, the market bullish sentiment showed.

The reduction of surplus grain pushed the progress of grain sales to be the same as last year, the supply of grain sources in the market tightened, some enterprises increased their willingness to buy, and prices continued to rise. Spring sowing and spring planting were carried out in an orderly manner, and the rise in futures and the purchase of stored grain supported the rise in corn prices, but the volume in Shandong led to a slight fall in prices over the weekend.

The surplus corn grain in Northeast China has bottomed out, the circulation at the grass-roots level has decreased, the asking price of farmers has been firm, and the purchasing enthusiasm of traders has increased. Direct treasury continued to buy, competitive procurement is active, Matsuhara Cargill and fuel ethanol raised purchase prices, port inventory declined, prices increased.

Corn prices in North China rose first and then fell, and on the whole, they still increased slightly. The surplus grain decreases, the traders hesitate to sell, the bullish mood increases, and the price rises. The hype of reducing the production of new wheat has made the price stop falling and rebounded, which plays a role in promoting the price of corn.

Corn prices in North China continued to fall in April, but market sentiment improved significantly after the last ten days, with higher bottoming demand and higher prices. Corn prices are expected to continue to rise in the future, with surplus grain bottoming out, imports decreasing and demand continuing to rise.

freesignupbonuscasino| Cargill's corn purchase price is raised: North China corn prices are bullish amid fluctuations

Us corn contract fell 3% last week.Freesignupbonuscasino.36%, but the domestic corn plate continued to rise, with the 2407 contract up 0.FreesignupbonuscasinoThe .24% focus 2409 contract rose 0.49%, breaking through the 2500 mark and setting a new high for the year.

China's corn imports increased year on year, with imports of 9.08 million tons from January to April 2024, an increase of 6.5 percent over the same period last year, exceeding the import quota of 7.2 million tons for five consecutive years. Imports rose 17.6% in April from a year earlier, a month-on-month decline. Corn imports this year are expected to drop by more than 4 million tons compared with last year.

Brazilian corn production is expected to be 111.6 million tons, down 15.4 per cent from a year earlier. Brazilian corn exports rose sharply in the first 10 days of May compared with the same period last year. Ukraine's grain exports fell year-on-year, and more grain was shipped through the port of Odessa. The United States Department of Agriculture cut its estimates for South American corn production, resulting in a net increase in U.S. corn export sales, but a decline in shipments.

After the Spring Festival, the corn market is affected by policy acquisitions, and the regionalization is obvious. Corn prices fell in April, but changed differently in different regions. Since May, the surplus grain has decreased, the amount of corn has been low, prices have rebounded, and bullish sentiment in the futures market has risen.

In the futures market, corn 2407 contracts rose slightly, while 2409 contracts increased, breaking through 2500 in intraday trading. The market expects corn prices to continue to rise, surplus grain to decrease, corn imports to decrease, wheat prices to rise, and market sentiment to change.

To sum up, the corn market supply is tight, demand continues to consume, the market bullish mentality increases, there is still the possibility of a rebound and rise in the future. Investors are advised to pay attention to the support situation and buy bargain-hunting.

Others RELEVANT MATERIAL
seagames1993|高新发展:重大资产重组终止,华鲲振宇控制权存不确定性风险

seagames1993|高新发展:重大资产重组终止,华鲲振宇控制权存不确定性风险

editor editor
19
2024-04-28
High-tech Development's major asset reorganization matters are terminated, and future control rights and trading plans are uncertain. H......
crashbandicoot4it'sabouttimeandroid|省钱新招!特斯拉据传已放弃下代“一体化压铸”工艺!

crashbandicoot4it'sabouttimeandroid|省钱新招!特斯拉据传已放弃下代“一体化压铸”工艺!

editor editor
22
2024-05-02
Financial Associated Press, May 2 (editor Huang Junzhi) according to two people familiar with the matter revealed to the mediaCrashband......
barton'sclub93| Zhifu Resources Investment (00007.HK): Wang Yongkui proposes a discount of approximately 43.75% and makes a partial acquisition offer

barton'sclub93| Zhifu Resources Investment (00007.HK): Wang Yongkui proposes a discount of approximately 43.75% and makes a partial acquisition offer

editor editor
23
2024-05-03
格隆汇5月2日丨智富资源投资(00007barton'sclub93.HK)公告,于2024年4月30日,要约人王永魁先生通知受要约公司,彼有确实意向提出部分收购要约,以要约价每股要约股份0.018港元收购要约人及其一致行动人士尚未拥有barton'sclub93的1.......
volleyballasia| The stock price has tripled in 4 years, and the Prada brand growth is declining. Will the "Veblen" effect still work?

volleyballasia| The stock price has tripled in 4 years, and the Prada brand growth is declining. Will the "Veblen" effect still work?

editor editor
21
2024-05-03
  股价4年涨3倍volleyballasia,普拉达(01913)Prada品牌增长现颓势,“凡勃伦”效应还奏效吗?;来源: 智通财经网  当人们更多地讨论“消费降级”volleyballasia的时候,奢侈品也在被视为穿越周期的“安全资产”  华丽志奢侈品行业股......
bandainamcocrypto| Occidental Oil (OXY.US) plans to sell some assets in the U.S. Permian Basin for more than $1 billion

bandainamcocrypto| Occidental Oil (OXY.US) plans to sell some assets in the U.S. Permian Basin for more than $1 billion

editor editor
17
2024-05-04
智通财经APP获悉bandainamcocrypto,据报道bandainamcocrypto,西方石油(OXYbandainamcocrypto.US)正在探索出售其在二叠纪盆地的部分业务,可能会获得超过10亿美元的收入。据悉,西方石油正在与一家财务顾问就二叠纪盆地特......
liveruleta| BYD: Sales of 313,200 vehicles increased by 49% year-on-year, and exports of 41,000 vehicles hit a new high

liveruleta| BYD: Sales of 313,200 vehicles increased by 49% year-on-year, and exports of 41,000 vehicles hit a new high

editor editor
27
2024-05-06
快讯摘要 本周汽车板块小幅下跌liveruleta,比亚迪销量攀升且出口创新高,小米SU7首月交付突破7000辆。新势力品牌蔚来、极氪交付量显著回升,多品牌新车型增量逐步释放。建议关注比亚迪、长安汽车等整车龙头企业,拓普集团等零部件企业。风......