New Wheat List Has Limited Influences on Corn Price Up

By CnAgri2013-05-24 11:27:58 Print Corn：On May 22nd, 2013, the average wholesale price of feed corn in main production areas is RMB2,374Yuan/MT, the same with last week. In northern ports, corn stocks keep at record high and in southern ports, corn arrivals will go up, but purchase desire is not high of South American feed enterprises. Besides, list of new wheat also suppresses corn market. Therefore, it is predicted corn price at ports may decline slightly. After short-term adjustment, however, corn price is still expected to increase with fluctuation. Pay attention to list, peak and end time of naturally-dried grains, growth and list of new wheat and recovery of feed consumption in NE.    (Table 2)



From “China Livestock and Feed Market Weekly Report”