affected by this, the purchase price of the domestic corn market fell across the board today.
The monitoring data shows that today, Jingliang Longjiang is lowered by 3%, and the latest purchase price is 1.272 yuan/kg; Heilongjiang Longfeng 1.272 yuan/kg, down 3%; Linqing Deneng fell twice today, and the latest price was 1.37 yuan/kg; Shouguang Juneng also fell twice, and the latest price was 1.39 yuan/kg.
In fact, it is estimated that about 1 ships of corn and sorghum will arrive in Hong Kong in early March, and at least 9 ships of American corn and sorghum will arrive in our ports in late March.
During the current round of corn price increase, Chinese buyers have obviously accelerated the purchasing speed of international cereals.
But the same data also shows that although China's wheat imports have been relatively stable recently, the domestic wheat price has continuously set a historical record.
The latest data shows that the latest purchase price of wheat in Jinsha River, Hebei Province is as high as 1.635 yuan/kg, that in Yihai Kerry Dezhou is 1.61 yuan/kg, and that in Weifang Xiangye is 1.625 yuan/kg. Longyao Jinmailang 1.64 yuan/kg, Shenzhou Wudeli 1.61 yuan/kg.
as far as we know, in this round of food price increase, the increase of wheat is much higher than that of corn. At present, the relevant state authorities have arranged for the national reserve wheat to be put on the market at a scale of 5, tons per week to meet the market demand.
according to the information we have, up to now, there are still about 4-5 million tons of temporarily stored wheat in the hands of the state. Therefore, although the current wheat price has increased greatly, it is still within the controllable range.
In the corn market, although the price has dropped, it is still at least five months before the new grain comes on the market.
considering that China consumed about 25 million tons of temporary storage stocks from 216 to 22, there will be a large number of wheat and corn substitutes in 221, and the current high price of wheat makes the substitution of wheat and corn in feed almost no longer.
therefore, the supply situation of corn market in the future is still not optimistic.
According to market rumors, the directional rice auction may be restarted. In addition, the big trading houses also impose trading limits on corn futures-related contracts to avoid excessive speculation of hot money.