New Corn Suppressed Market From South to North

By CnAgri2013-08-30 11:38:21 Print Corn: On Aug 28th, 2013, the average wholesale price of feed corn in main production areas is RMB2,399Yuan/MT, down 0.79% compared with last week. Current corn market went slack. Corn price kept going down with fluctuation in NC producing areas and new corn appeared in SC sales areas. Price advantage of NE corn was disappearing gradually and grain depots in NC began to see loss. Domestic market was pressed by new corn from south to north. Supported by purchasing cost, we predict that corn spot price shall have no room to decline. But in general, corn average price shall still go down slightly in the following week.

From “China Livestock and Feed Market Weekly Report”