2. corn demand
The United States and China are both the main producer of corn, but also a major consumer of corn consumption of more countries and the European Union, Japan, Brazil, Mexico and other countries, the changes in consumer demand in these countries on the corn prices have a greater impact, especially in the main consumer corn processing industry is developing rapidly, greatly promoting the increase in consumer demand for corn. Promote the increase in demand for corn consumption. From the domestic situation, corn consumption mainly from rations, feed and industrial processing. Among them, the overall change in rations consumption is not much, the impact on the market is relatively small; feed corn accounted for the highest proportion of more than 70% of the demand for feed corn on the market impact is relatively large; industrial processing corn accounted for a proportion of only 14% or so, but in recent years the development of a rapid increase in the average annual amount of more than 200 million tons of the impact on the market is also very obvious.3. corn import and export
Corn import and export on the market has a very big impact. Corn imports increase total domestic supply and corn exports lead to an increase in total demand. For the international market, to focus on the United States, China, Argentina and other major corn exporters and Japan, South Korea, Southeast Asia and other countries corn imports, corn production in these countries, changes in consumption of international corn import and export trade have a direct impact. For the domestic market, to focus on the domestic export policy, exports of domestic corn market has a more obvious pulling effect.4. corn stocks
In a certain period of time, the level of a commodity stocks directly reflect the changes in the supply and demand situation of the commodity, is an inherent reflection of the pattern of commodity supply and demand. Therefore, the study of corn stock changes help to understand the running trend of corn prices. Generally, when stock levels increase, supply is loose; when stock levels decrease, supply is tight. Carryover stock levels and corn prices often show a negative correlation.5. The cost of corn is expected to annualized expected returns
The cost of corn is expected to annualized expected returns is one of the main factors affecting the enthusiasm of farmers to plant, the cost of corn has a certain influence on the market price, the market price of food is too low, farmers will be reluctant to sell; the expected annualization of the expected returns will affect the farmers on the next year's corn planting arrangements, the expected annualized expected return increase, farmers may increase the planting area, and vice versa may reduce the planting area.6. price relations with other agricultural commodities
The price relations between corn and other agricultural commodities will have an impact on the supply and demand of corn, which in turn affects the production and marketing of corn, leading to changes in the future price trend of corn, therefore, it is very important to study this price relationship, in which the planting of corn and soybeans than the price relationship, The most important thing is the consumer price relationship with wheat.7. financial and monetary factors
Expected annualized interest rate changes and exchange rate fluctuations have become a common phenomenon in the economic life of countries, and changes in these factors often cause fluctuations in commodity futures market. In general, when the currency depreciation, corn futures prices will rise; when the currency appreciation, futures prices will fall. Therefore, the expected annualized interest rate of the currency and the exchange rate is in addition to the supply, demand and economic cycle and other major factors that determine the price of corn futures is another important influence.8. Economic Cycle
The world economy is constantly developing in the cyclical alternation of boom and bust, and the economic cycle is an unavoidable economic fluctuation in the modern economy and society, and is one of the basic features of the modern economy. In the economic cycle, fluctuations in economic activity occur in almost all sectors of the economy. Thus, economic cycles are fluctuations in the general economy rather than in localized economies. The basic measure of the state of the general economy is national income, and the economic cycle is manifested in fluctuations in national income, with consequent fluctuations in output, employment, price levels, expected annualized interest rates, and so on. Economic cycles recur week after week in the operation of the economy and generally consist of four phases: recovery, boom, recession and depression. Affected by this, the price of corn will also appear corresponding fluctuations, from the macro side of the analysis, the economic cycle is very important as one of the influencing factors.9. Storage, transportation costs
Crude oil, ocean transportation rates, transportation tension and other factors affecting the cost of transportation changes.