Corn prices may rise in February 2024. The favorable support of the corn market has turned stronger, and the grain storage in China has increased the purchase point of corn, and the increase of corn storage in Northeast China will once again exert its strength. In terms of imported corn, the previous bidding for imported corn was cancelled, which eased the market supply pressure. The market temperature in the production area is low, the logistics and transportation are not smooth, the number of grass-roots corn is small, the arrival of enterprises is insufficient, the inventory continues to be consumed, the demand for replenishment increases, and the increase of domestic spot corn declines. On February 23, 2024, among the deep processing enterprises in the mainstream corn producing areas in China, 27 deep processing quotations rose, 3 deep processing quotations fell, 58 deep processing quotations stabilized, and the spot corn quotations generally showed an upward trend.