DCE Corn Futures Price Declined to a Low Point

By CnAgri2013-08-01 11:10:36 Print Corn：On July 31st, 2013, the average wholesale price of feed corn in main production areas is RMB2,439Yuan/MT, down 0.2% compared with last week. DCE corn futures price declined to the lowest point since late April and port spot price saw slight inversion again. Corn stocks at the northern ports kept record high with 3.3 million MT, up 600000-700000MT compared with last year. However, with consideration that corn procurement basically pauses and corn price keeps strong in NE, we predict that corn price at the southern ports shall see limited decline but price for quality corn keep stable with increase. (Table 1)



From “China Livestock and Feed Market Weekly Report”