Thanks to Companies’ More Willingness to Participate in Auction, the Trading Rate of Corn Auctioned Reached up to 89%

By CnAgri2018-04-17 16:27:13 Print 6.68 million MT of corn was planned to auction this week. Thanks to obvious price advantage, the trading volume was 5.96 million MT, and the trading rate reached up to 89%.
 
On April 12^th, corn auction volume in the northeast was 3.59 million MT, and the actual trading volume reached 3.33 million MT, and the trading rate stood at 93%. At a premium of RMB 120-180/MT, the average trading price was RMB 1,481/MT, RMB 150-200 less than current market prices. 
 
On April 13^th, corn auction volume in Heilongjiang was 3.09 million MT produced in 2014. The actual trading volume recorded 2.63 million MT with an average trading price of RMB 1,410/MT. The trading rate was 85%.