Tomorrow, the main 1605 maize for several days after the high volatility on schedule fell 15 points to 1861, down 0.81 percent. Yiwu Market From the supply and demand fundamentals, investors corn prices continued to fall still the main theme.

First, from the supply point of view, according to Breckenridge 2014/2015 Annual China corn production is 216 million tons, with storage capacity of 150 million tons of the country, the total amount of supply of the new year to reach 366 million tons of corn; Outlook 2015/2016 year corn production estimates China will continue to increase to 221 million tons. Yiwu City Second, from the demand side, the 2014/2015 annual China 109 million tons of corn forage consumption, compared with the previous forecast down 2 million tons, 54 million tons of industrial consumption, total 163 million tons, far less than the production value; and Outlook 2015/2016 annual 120 million tons of corn forage consumption, industrial consumption 56 million tons of corn, totaling 176 million tons, is also significantly less than the supply. Yiwu Futian Market A huge amount of excess is bound to continue to suppress the price of corn. Third, although this year the state purchasing and storage policy implementation, but the purchase price slashed by 10% over last year to 2,000 yuan / ton price, and improve the quality standards, which in turn is equivalent to a disguised reduced prices, and 2015/2016 annual acquisitions There price cut again possible. From the above aspects, the market outlook, corn prices down almost deterministic events, will be focusing on is that it can fall where. Since a few years ago to prop up the national implementation of purchasing and storage price, resulting in domestic corn is much higher than the international market, the current corn port to shore duty-paid price of 1580 yuan / ton, with the domestic as well as more than 400 yuan spot spread, with current futures there are nearly 300 yuan price spread, investors current domestic corn prices are likely to move closer to the import price. So after early rally corn again have a downside.

Hide Comments | Add Comment