What's more, when the summer wheat harvest work, has also been close to the end, in the case of a bumper harvest is a foregone conclusion, more people are also concerned about the corn will not also be able to usher in a wave of good market.
But the current market situation, corn as a whole appeared to be a wide range of decline, especially in North China fell more significantly, the range of 10-20 yuan / ton or so.
So how much is a catty of corn now? Why did the price fall? Here is a look at the latest July 2022 corn market.
How much is a catty of corn now?
Liaoning Province: Liaoning Dalian City, Wafangdian City, dry corn 0.65 yuan / catties; Liaoning Panjin City, Dawa District, dry corn 2.5 yuan / catties; Liaoning Chaoyang City, Karachi left-wing Mongolian Autonomous County, dry corn 1.33 yuan / catties, and so on.
Heilongjiang Province: Heilongjiang Qiqihar City, Nehe City, dry corn 1.32 yuan / catty; Heilongjiang Jixi City, Mishan City, dry corn 1.2 yuan / catty; Heilongjiang Mudanjiang City, Linkou County, dry corn 1.33 yuan / catty; Heilongjiang Heihe City, Sunwu County, dry corn 1.24 yuan / catty and so on.
Jilin Province: Jiu Tai District, Changchun City, Jilin dry corn 1.41 yuan / catty; Siping City, Jilin Shuangliao City, dry corn 1.33 yuan / catty, etc..
Hebei Province: Hebei Shijiazhuang City, Zhengding County, dry corn 0.83 yuan / catties; Hebei Xingtai City, Qinghe County, dry corn 1.18 yuan / catties; Hebei Langfang City, Dacheng County, dry corn 1.34 yuan / catties and so on.
Shandong Province: Shandong Qingdao City, Jimo District, dry corn 1.48 yuan / catties; Shandong Linyi City, Yishui County, dry corn 1.5 yuan / catties; Shandong Dezhou City, Shandong De Cheng District, dry corn 1.21 yuan / catties; Shandong Liaocheng City, Shandong Qing City, dry corn 0.52 yuan / catties; Shandong Heze City, Yuncheng County, dry corn 0.97 yuan / catties and so on.
Remarks: The above corn prices are from Huinong network origin wholesale prices (non-market retail prices), for reference only! And corn prices will be affected by the market, weather, origin, quality and other aspects of the impact of the specific price we can prevail in the actual local offer.
Why did corn prices fall recently?
1, weak demand for corn
Generally speaking, the peak of feed demand is concentrated in the third and fourth quarters, so the current demand for corn is relatively weak, and basically most of the areas of feeding enterprises or deep processing enterprises are more than enough corn stocks, almost can be maintained for about 60-80 days.
Combined with a large number of summer wheat harvest in June into the warehouse, the acquisition and storage of corn by the stagnation of the work, and wheat can also replace the raw material.
In the case of sufficient inventory, the new season of corn is not yet on the market, enterprises are not strong willingness to purchase corn, so the recent corn spot price is slightly weaker.
2, the number of imported corn increased
While affected by the Russian-Ukrainian conflict, China's imports of Ukrainian corn fell sharply.
But this year, China's import demand is still very large, more reports are expected to China in 2022 need to import 25 million tons of corn.
And according to the U.S. Department of Agriculture data, the U.S. exported 1.84 million tons of corn to China in June, overall higher than in May.
Additionally, even if Ukrainian corn imports have been blocked, there is still the grain-producing powerhouse Brazil, from which China has now ordered about 250,000-400,000 tons of corn.
And the increase in the number of imports is also a major reason for the decline in domestic corn prices.
3, the wait-and-see mood is thicker
A period of time ago, corn futures fell sharply after the market wait-and-see mood is thicker, diluting part of the bullish expectations space.
Additionally, a few days ago, North China was affected by rainfall, transportation was blocked, and now the weather is good to some areas to bring a concentrated amount of peak.
And this caused the short-term market supply is tight, which led to the acquisition of this part of the region's enterprises under pressure to fall.
July 2022 corn latest market forecast
While the current corn market as a whole fell significantly, but the possibility of further decline in the follow-up corn is also unlikely.
On the one hand, in the new season before the listing of corn, the corn market still has a certain gap, there is a gap will naturally have room to rise; on the other hand, the domestic hog prices continue to rise, the breeding profits increased, is expected after July, the stock ring will rise, for the demand for feed will also increase, which will effectively lead to the rebound in demand for corn.
What's more, there is still a part of the grain hoarding traders bullish market, also gives the market some support.
So, the recent decline in corn prices, we should not produce panic mentality.
First of all, this year's new season corn production is expected to be more optimistic, and with the continuous consumption of corn producing areas of the inventory, after July, the corn supply will appear a certain tension, so the corn prices may usher in a wave of rise.
Secondly, at the end of June, the feed rice again stop auction, rice out of the feed market, feed companies will naturally be more collection of eyes to corn.
Once the feed demand normal outbreak after July, corn prices will also rise.
So, the current short-term view, corn prices upward momentum is slightly less, but the downward space is also limited, and the follow-up July, and even the second half of the year, the probability of corn rebound rising market is still greater.
Overall, in the weak demand for corn and some other factors **** the same role, the recent corn prices are also ushered in a wave of down market.
But at present, corn has entered the inventory depletion war, the price of the follow-up is expected to be easy to rise but hard to fall, and the second half of the breeding feed side has not entered the power period, so the probability of corn prices will continue to rise or maintain high, the current corn fluctuations, we do not need to worry too much.
However, for some grain farmers with limited storage conditions, the high temperature and rainy weather in July, corn storage pressure increases, it is recommended to look at the market, to carry out the appropriate drain to avoid losses.
Finally, this corn price quotes, what do you think? Welcome to leave a message to discuss.