The predicted area of 202 1 is 3.867 million mu lower than the actual planting area, and the US corn futures rose sharply.
But then Biden announced the release of crude oil reserves, oil prices plummeted by 7%, and US corn also fell.
Because corn is the raw material of fuel ethanol, the drop in oil price is not good for ethanol.
According to sources, Biden's government is considering temporarily lifting the sales restrictions on high ethanol gasoline mixtures in summer to reduce the fuel costs of American consumers.
If this news is confirmed, it is bound to push up the price of corn. One-third of the annual corn production in the United States is used to produce ethanol, and the situation that cars compete with people for food will appear again.
The price of corn in Northeast China is firm, the inventory of processing enterprises is sufficient, the downstream products are not good, and corn consumption is slow.
Traders are optimistic about the market outlook and reluctant to sell. Coupled with the impact of epidemic prevention and control on traffic, the corn market as a whole is in a wait-and-see state.
The quotations of some enterprises today are as follows:
Suihua Haotian is stable, and the purchase price of 14 water new grain is 2650 yuan/ton;
Longjiang Fufeng is stable, and the purchase price of 14 water new grain is 2660 yuan/ton;
Jilin fuel ethanol is stable, and the purchase price of 14 water new grain is 2560 yuan/ton.
The regional control measures in North China are strict, the circulation of grass-roots corn is limited, and it is difficult for traders to ship.
Especially in Weifang area, the headquarters of Weifang Municipal Party Committee informed all vehicles and drivers coming from or passing through Shanghai, Jilin, Langfang, Tangshan, Qinhuangdao, Cangzhou, Zibo and Binzhou to persuade them to return, and there were 0 grain delivery vehicles in front of several deep processing enterprises in Shouguang.
The surrounding areas have also adopted a closed control policy, and processing enterprises mainly digest inventory.
The quotations of some enterprises are as follows:
The purchase price of Shouguang golden corn with moisture 14% is 2,900 yuan/ton, up 10 yuan/ton;
The purchase price of Yishui moisture 14% new corn land is 2880 yuan/ton, which is the same as yesterday;
Zhucheng moisture 14% new corn purchase price is 2940 yuan/ton, which is the same as yesterday.
The mainstream purchase price of northern ports is 2750-2760 yuan/ton, and the price is stable.
Affected by the epidemic, the logistics company's fleet stopped driving and there was no port for automobile transportation; The corn market in Shekou Port of Guangdong Province is generally stable. The mainstream price of second-class bulk corn is 2870-29 10 yuan/ton, which is the same as yesterday.
The price of corn in the southern sales area is stable, the downstream feed enterprises are not enthusiastic about stocking, and the small batch of rolling replenishment is the main one, so the actual transaction atmosphere of corn is light.
To sum up, at present, the domestic corn market is greatly affected by the epidemic situation, and the poor circulation of corn leads to price fluctuations that are divorced from the fundamentals of supply and demand.
If traffic control continues, corn prices will remain firm.
However, the disadvantage of this market is that the overall selling pressure of corn moves backward, and the outflow of Jilin corn, which is the most serious epidemic in Northeast China, is blocked, and there are more surplus grain at the grassroots level. However, the quality of corn in Jilin is better, and it should not be sold in the later period.
However, if the selling pressure of corn in North China is superimposed on the shipment before wheat harvest, and the inventory of food substitutes in the port is high, it is expected that there will be limited room for growth in North China in the later period.
Source: Zhinongtong Quote Bao
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