1. Overview of market conditions in this period

Port quotation continued to rise, spot strength to provide support for the future price, harvest pressure and sales factors interweave, corn rose again, corn quotation slightly increased in the new season, starch rose with corn

2. Analysis of domestic situation

 The mainstream price of corn starch in Shandong is 3150-3250 CNY/ton, up 190-200 CNY/ton compared with last week. The mainstream price of corn starch Market in Hebei is 3150-31902990-3020 CNY/ton, which is 160-170 CNY/ton higher than last week. The mainstream price of corn starch Market in Northeast China is 2900-3000 CNY/ton, which is 100-200 CNY/ton higher than last week. This year, the corn production in the main production areas was reduced, the grain price was reduced, and traders were willing to store up, which boosted the corn market and made the starch price rise. However, with the improvement of weather, the early arrival of corn in Shandong Province has steadily increased, the price of raw corn has been partially high, and the starch price is currently at a historical high, the downstream consumption capacity is not high, and the overall market delivery is slowing down. Generally speaking, supported by the cost, it is expected that the short-term corn starch price will continue to be stable, moderate and small adjustment operation.

3. Summary and Forecast

Corn harvest in production areas was delayed, corn prices in production areas and ports increased significantly after the 11th National Day, and the stronger spot provided favorable support for corn price. In October, Beigang corn rose by 230 CNY/ton, and the corn deep processing enterprises in the production area continuously raised the purchase price of corn, and the corn market continued to perform strongly. In October, a large number of corn in Northeast China had not been listed, and the value depression in North China flowed back to the Northeast market, and North China made up for the rise and led to the rise of wheat. Affected by the delay of listing in Northeast China, the overall grain sales progress in North China is also relatively slow. Traders are optimistic about the future market and have strong grain hoarding willingness, which aggravates the phased supply tension in the corn spot market. From the fundamental point of view, the main reason for the price rise of soybean and corn in this round is the delay of listing in production areas. In order to obtain the grain source, downstream consumer enterprises continue to increase the purchase price of corn, which in disguise aggravates farmers' reluctance to sell. It is expected that the deadlock in the corn spot market before the Spring Festival will be difficult to change, and the overall performance of corn spot will remain stable. In terms of technology, the corn in the agricultural products sector is still strong, and the corn price adjustment is expected to continue the upward performance.