The corn doesn't follow the outside market, so it is naturally the corn in the spot market, and the self-produced yield in China is sufficient. Therefore, the import volume is very low and will not be affected by overseas markets.

Corn and soybean meal are important feed raw materials. The proportion of corn in compound feed can reach about 60%, and its price fluctuation has a great influence on feed enterprises. Using corn futures can effectively use the functions of finding prices and avoiding risks, guide corn producing areas to adjust planting structure, promote farmers' income, attract social hot money to share industrial risks, and improve the market competitiveness of enterprises, which is of great practical significance to improve China's competitive advantage in the international corn market.