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Northeast China and North China are the main corn producing areas. Why is the price so low?
Because the overall level of surplus grain in the hands of grass-roots farmers is on the high side, coupled with the storage pressure brought by rising temperature, this may make farmers sell grain and increase the market supply pressure. Second, due to the African swine fever epidemic, the demand for feed may drop sharply. Third, Sino-US trade negotiations are still going on, and there are still uncertainties. Generally speaking, under the influence of relatively sufficient supply and relatively low demand, the domestic corn market price will continue to decrease.

Under the influence of multiple factors, such as the threat of warming up in Northeast China, the peak of grain sales in North China and weak downstream demand, its price shows signs of weakness, which makes traders and farmers who still have commodity supply uneasy. The grain price in northeast grain-producing areas is still in a weak state of supply and demand. Grassroots farmers are more active in selling grain. Traders have a clear bargain-hunting mentality. Grain enterprises adopt the strategy of purchasing at a reduced price.

At present, the purchase price of corn of some enterprises in Jilin Province has dropped to about 1560 yuan/ton. After the recent continuous adjustment, the grain price in the producing areas has basically dropped to a stage low, and the bottom support has gradually emerged. Corn market in Huanghuai producing area of North China has stabilized. Affected by the recent continuous decline in corn prices, the attitude of grassroots farmers who are reluctant to sell has changed. In a short period of time, the arrival volume of enterprises has declined.

The overall purchase and sale of corn market in the sales area has not fully recovered, and the wait-and-see mood of grain enterprises is obviously higher than the enthusiasm for buying. After 1998, the epidemic situation of African swine fever continued, the enthusiasm of feed enterprises to buy raw materials decreased, and the supplementary demand was not obvious. Due to the recent cost reduction, the wait-and-see mood of feed enterprises is aggravated, the on-site delivery is not smooth, and the price of corn in the port is stable and weak. Judging from the current situation of corn market, the price will continue to fluctuate within a narrow range in the short term, and the possibility of further sharp decline is very small. It is suggested to make up for the deficiency by bargaining. There is an incentive to raise prices in the corn market in March.