Market: August Corn Prices in the Production and Consumption Areas Went up, but the Growth was Limited

In August, corn buying and selling both are still sluggish. The auction of temporarily-stored corn continued, and the trading rate was descending. However, along with the aggravating of China-U.S. trade frictions, corn won’t be imported in the short term. Influenced by those, corn prices in the production and consumption areas ascended slightly, and reached RMB 1,983/MT on average, up 0.9% or RMB 19/MT from last month.