The first stage: from the end of 2009 to April 20 10.

The favorable factors in 2009 will continue, with corn mainly rising. However, it is worth noting that the number of corn purchased by the State Reserve in the new year will definitely decrease compared with last year, which will lead to a decline in control. Futures prices will continue to hit new highs. During this period, the price is expected to rise steadily, and there are few possible variables. Before and after the Spring Festival, there will be some changes in the corn spot market, and many farmers will choose to sell some grain. By that time, the acquisition of the State Reserve has also adapted the market, and its pressure resistance is small, and 20 10 may become higher in the first quarter.

Phase II: May 2065438 +00 to September 2065438 +00.

This stage is another year of corn sowing. The purchase of state reserves and the opening price higher than last year can be guaranteed by farmers' income. From this point of view, the planting area of new corn will not be greatly reduced, or even increased. At this stage, the growth of corn is the most important and the most difficult to predict. On the basis of corn production reduction in 2009, there should be no problem with 20 10 corn, otherwise the domestic supply-demand relationship will be broken. If corn grows like drought again, the price will rise sharply. Of course, the specific increase also depends on the drought situation. If the whole growth cycle is favorable weather, this stage is dominated by exploration. At the same time, we should pay attention to inflation that may occur at any time. Generally speaking, there should be little room for decline.

Stage 3: 20 10 10 till the end of the year.

At present, domestic corn auction will dominate the market again, and the price is determined by demand and feed inventory cycle. Coupled with the pressure of auction, the price will be dominated by the following behaviors. However, if there is a problem with the weather, even if new grain comes on the market, it is difficult for corn prices to fall.

In short, whether the price trend of 20 10 corn can create brilliance depends on the key growth period from May to September. On the basis of limited decline, the price will be adjusted mainly by continuous increase. It is suggested that feed enterprises replenish their stocks in the short-term adjustment stage of corn, so that the overall upward trend of the market is improved and there is limited room for decline.

(Excerpted from market consultation)