Along with Companies’ Less Willingness to Participate in Bidding, the Transaction Rate of Corn Auction was 38.5%

By CnAgri2018-03-22 10:56:46 Print 148,000 MT of corn was planed to auction this week, but due to relatively high prices, the companies were less willing to bid, and only 57,000 MT of corn was dealt, and the transaction rate was 38.5%.
 
On March 13, Jilin planed to auction 54,000 MT of corn at the opening price of RMB 1,810/MT, but all failed. 
 
On March 14, Shanxi planned to auction 53,000 MT of corn at the opening price of RMB 1,929/MT. The actual trading volume was 24,000 MT at an average trading price of RMB 1,931/MT, and the transaction rate was 46%; on the same day, Inner Mongolia planed to auction 29,000 MT of corn, and the actual trading volume was 25,000 MT, and the transaction rate was 85%. The opening price was RMB 1,858/MT and the actual average trading price was RMB 1,863/MT, much less than that of RMB 1,968/MT last week. 
 
On March 16, Shandong planned to auction 12,000 MT of corn, and the actual trading volume was 8,109 MT, and the transaction rate was 65%. The opening price was RMB 1,940/MT and the actual average trading price was RMB 1,941/MT.