After the wheat crash, corn quietly went down. Should they bump into each other? Don't panic, the prospect of corn is still promising!

In recent days, domestic grain circles have exploded. Due to the sharp drop in the price of wheat, domestic flour milling enterprises have recently pushed down the price strongly, and the focus of spot wheat price has gradually moved closer to 1.5 yuan/kg. The listing price of some milling enterprises will soon fall below 1.49 yuan/kg, and the price of wheat will drop sharply. The fundamental reason lies in the pressure of oversupply in the market. In particular, the flour market is sluggish and the operating rate of enterprises is low.

However, due to the lower price of raw grain wheat, the market panic spread. Sure enough, the corn market also fell quietly. Deep-processing enterprises in Northeast China, North China, and Huanghuai areas have piled up to suppress prices. Especially in Shandong, overnight, the number of vehicles queuing in front of enterprises exceeded 1000, the factory was loose, and the price of corn generally fell. So, should corn prices also fall sharply? The specific analysis is as follows:

As we all know, there is a certain correlation between corn and wheat in China, and the price difference between wheat and corn also affects the possibility of wheat becoming "rations" or feed. At present, the overall supply of corn and wheat is loose, and corn has greater advantages than wheat as feed, especially wheat feed must be supplemented with oil to supplement the shortage of essential fatty acids. Therefore, farmers prefer corn breeding!

At present, the domestic spot corn market, after the vernal equinox solar terms, the weather is getting warmer. Although the sales progress of corn has accelerated, there is still 1 ~ 20% surplus grain at the grass-roots level, especially the shelf grain and ground grain in Northeast China still tend to be listed together. However, in North China and Huanghuai areas, the weather is getting warmer, and the difficulty of corn storage is also increasing. Due to the drop in wheat prices, some farmers' reluctance to sell is becoming more and more serious, and their panic is heating up. As far as traders and deep-processing enterprises are concerned, as the channel dealers have basically come to an end, traders have followed suit, while the inventory of deep-processing enterprises has gradually loosened, the pace of replenishment has slowed down, and the phenomenon of rolling replenishment and car quotation of deep-processing enterprises has become prominent. With the loosening of the number of grassroots units, domestic corn prices are getting higher and higher, and domestic corn prices have fallen sharply!

According to the data analysis, at present, the quotations of Suihua Haotian, Xintianlong Industry, Zhalantun Fufeng, Inner Mongolia Yipin, Heilongjiang Longfeng Corn and Liangjing Longjiang in Northeast China have dropped by 4~20 yuan/ton, the spot price of Northeast corn is 1.295 ~ 1.37 yuan/kg, and the quotations of enterprises in Heilongjiang are1.

In Shandong Province, the number of vehicles queuing in front of enterprises surged to more than 1.300 yesterday, and the number of vehicles queuing in front of enterprises hovered around 1.040 on the morning of March 23rd. The number of enterprises is relatively loose. Due to poor demand follow-up, deep processing enterprises mainly replenish their stocks by rolling, and the quotations generally fall. In Shandong, Fuyang, Zaozhuang Hengren, Taian Xiangrui, Qixing Lemon and Shandong Luzhou are the mainstream enterprises. The price of corn in Shandong is about 1.38~ 1.46 yuan/kg, and the mainstream quotation is about 1.4 1.43 yuan/kg!

According to industry insiders, this round of corn prices has fallen in a wide range, which is rooted in lower wheat prices and obvious market sentiment fluctuations. Grass-roots farmers' price-holding sentiment has loosened, and the pace of tide grain listing has accelerated, which has also caused short-term concentration of corn, and enterprises have kept prices down!

Due to the deviation of downstream products of deep processing enterprises, the demand is relatively weak. Previously, corn in the producing areas was intensively listed, and the inventory of deep processing enterprises increased sharply. Many enterprises have come to an end, and some feed enterprises can already use corn for 40 days. Therefore, the demand side is in a wait-and-see state, the price increase sentiment is biased, and enterprises roll replenishment. The mood of price increase is poor, while the grass-roots tide grain is still in the clearance stage. Therefore, in the short term, the spot price of corn will still be dominated by weak adjustment!

However, the prospect of corn is promising, and the market has entered the bottoming stage!

At present, the sales progress of corn in domestic producing areas is accelerating, the surplus grain at the grass-roots level is gradually bottoming out, and the prospect of corn will gradually become clear. Now, the purchase and sale of corn has gradually entered a stalemate stage. Affected by market sentiment, grassroots farmers still have the phenomenon of centralized grain sales, and corn quotations are weak. However, with the gradual transfer of grain sources to traders and deep processing enterprises, with the passage of time, enterprises gradually consume the raw grain in stock, while the surplus grain at the grass-roots level gradually bottoms out, and traders are in a high mood of hoarding goods for growth. The supply and marketing of corn will gradually tilt, and the market supply gap will gradually emerge. Personally, before the middle and late April, with the rising demand for restocking by enterprises and the reluctance of hoarding traders to sell at extremely high prices, spot corn will start to increase in price!

After the wheat crash, corn fell quietly. Is it necessary to fall together? Don't worry, the prospect of corn can be expected! What do you think of this? The above is my personal opinion!