The main influencing factors are supply and demand, international market prices, prices of related commodities such as soybeans, soybean meal, wheat and rice, weather conditions, trade and food policies, and international economic and financial situation. International crude oil trends and the US dollar index also affect corn futures prices.

Corn is the most important raw material for making compound feed. Judging from the production situation over the years, the output of the United States accounts for more than 40% of the international corn market and has become the main corn producing area in the world. Its output and supply have a great influence on the international market.

Domestic corn consumption mainly comes from feed and processing industry. Due to the influence of international market and epidemic situation, animal husbandry has been in a stable fluctuation state for many years, which directly affects the demand for feed, and then affects the demand for corn, and then affects the price trend of corn. In recent years, the development of corn deep processing has increased the demand and supply shortage of corn, which has become the direct driving force for its price increase.