1. Corn price chart
The price of corn was slightly stronger, and the rising trend at the end of the month stabilized. The average price of third-grade yellow corn on August 1 was 2,275.71 yuan/ton, and the average price on August 31 was 2751.43 yuan/ton, a slight increase of 0.94%.
2. Market analysis
In August, there were frequent rains and weather in many parts of the country. The recurrence of the epidemic has caused traffic and transportation to be blocked. The domestic corn market has gradually reduced the number of high-quality surplus grains that can be circulated. Downstream deep processing companies continue to reduce the arrival of corn. Enterprises have gradually raised corn purchase prices, while the main body of grain storage trade has a certain mentality of reluctance to sell prices, which has driven the domestic corn spot market prices to run slightly stronger.
In late August, early spring corn was launched sporadically in some regions, and the main body of grain storage trades were reluctant to sell and maintain prices. The domestic corn market supply increased slightly, downstream deep processing enterprises demand slowed down, and the domestic corn market prices were rising overall. After stabilizing, the overall move forward steadily.
In August, domestic live pig prices continued to be weak, with a decrease of 7.80% during the month. The price of eggs rose by 4.27% during the month. The domestic pig-to-food ratio continued to be lower than 5.5:1. The pig breeding industry continued to be at a loss. Enthusiasm continues to fall, and the demand for corn feed will decline in the future.
3. Market forecast
On the whole, in August, domestic early spring corn was launched sporadically, and the mentality of the main body of grain storage trade was loosened. The amount of new-season corn listed in September will increase, and the wait-and-see attitude of downstream traders will become stronger. The overall increase in corn market prices is under pressure. Due to the declining high-quality surplus grain in the domestic corn market, it will take time for the new season corn to be launched in batches. The domestic market price in September will fluctuate slightly near 2,750 yuan/ton.
