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How to understand the relationship between supply and demand of commodities in futures?
1. Supply: inventory at the end of last year+output this year+import this year.

2. Demand: domestic consumption+export

3. Commodity cost price (corn): seeds, expenses, labor costs (there is no agricultural tax now), inventory costs, etc. The cost of agricultural products is difficult to calculate. You can know the minimum purchase price stipulated by the state, and probably know how much the cost is.

China restricts the import and export of corn, so the domestic corn price is basically closed: inflation, output data and other effects. It is expected that the price of production reduction will strengthen, and if inflation expectations are strong, prices will easily rise.