MySheen

The price of new corn on the market three months later makes people concerned that corn prices are expected to rise this autumn.

Published: 2024-05-20 Author: mysheen
Last Updated: 2024/05/20, At present, the national acquisition of Xinmai this year is basically over, and the price of wheat continues to rise. Corn at present, most areas have completed the sowing of corn, the next two months will be a new round of corn on the market, corn prices.

At present, the national acquisition of Xinmai this year is basically over, and the price of wheat continues to rise. Corn at present, most areas have completed the sowing of corn, the next two months will be a new round of corn on the market, corn prices are naturally concerned. Science Xingnong believes that corn prices will rise in autumn this year.

Corn prices have risen significantly this year compared with last year, and the biggest reason for the rise is, of course, the problem of corn production. Because corn prices have been undervalued in the past few years, the acreage of corn planted nationwide has been decreasing in recent years. In addition, due to the huge gap of soybeans in China, it is inevitable to support the cultivation of soybeans and reduce the planting area of corn while expanding the planting area of soybeans.

Another special reason this year is the weather. Affected by the weather, the yield of wheat in China has been greatly affected, and the price of wheat continues to rise from the beginning of the sickle to the present. Similarly, the drought in Northeast China is serious this year, the emergence rate of maize is seriously affected, and the growth of maize seedlings is poor, which is bound to lead to the yield of corn in the later stage. The northeast as the main corn producing area, corn yield is related to the national corn output, which is also the reason why corn prices will rise this year.

After talking about the supply of corn, let's take a look at the current demand for corn. Let's take a look at a set of data. According to the China starch Industry Association, the demand for corn this year is expected to be 225 million tons, while last year's national corn production was 215 million tons, a difference of 1000 tons, not counting the reduction in corn production this year. Last year's estimated corn demand was 210 million tons. From here we can see that there is a great demand for corn this year. The price of natural corn can't go down.

In addition, the price of wheat is higher, and the second half of the year is the peak season of the aquaculture industry, and the demand for feed increases, but as the price of wheat bran as feed continues to rise, breeding enterprises are bound to consider the alternative product corn, which is also a major factor affecting the rise in corn prices.

There is also the impact of international trade problems this year, the decline in the amount of corn imports, domestic corn prices will naturally rise accordingly.

But then again, corn, as one of the three major grains in China, will not fluctuate on a large scale in terms of price, and corn prices can only be said to have increased steadily this year. According to the latest news, the temporary grain reserve will hold a new round of corn auction on July 5th and 6th, with an auction volume of 8 million tons. From this point of view, the price of corn with temporary grain reserves will not rise by a large margin. It can only go up steadily. It is a bit difficult for a wide range of corn prices to break through the 1 yuan mark.

The above comes from promoting agriculture through science.

 
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