China Corn Supply and Demand in a Stalemate

By CnAgri2013-08-22 11:02:31 Print Corn: On Aug 21st, 2013, the average wholesale price of feed corn in main production areas is RMB2,418Yuan/MT, down 0.45% compared with last week. Currently domestic corn supply and demand is in a stalemate and stocks of feed enterprises decreased. Corn sales went slack in SC and corn transportation from north to south was not smooth. Grain merchant’ desire of selling increased. Domestic corn market is predicted to keep stable with weakness. In NC corn producing areas, both flood and drought were noted, whose influences on corn yields are predicted to be limited.

From “China Livestock and Feed Market Weekly Report”