Corn products prices fall in August 2024 08-29-2024

Summary: The new season corn is gradually listed,the demand side is relatively weak,and the price of corn is weak in August.

 

Corn prices for August 2024 are as follows: The average price is 2388 yuan/ton.

 

Spot prices in August continue to run weak .The following figure takes a day in August as an example,the pries of various provinces are shown below.

Province and city

August 16th

August 15th

July 16th

Liaoning

2391

-3

-33

Heilongjiang

2433

1

-29

Jilin

2433

-3

9

Beijing

2686

4

287

Tianjin

2657

5

252

Jiangxi

2424

2

-24

Hebei

2447

-4

-2

Inner Mongolia

2430

-3

10

Xinjiang

2338

-2

-67

Shanxi

2422

-1

-166

Gansu

2371

3

4

Qinghai

2441

-1

43

Ningxia

2445

2

46

Henan

2334

8

-57

Hunan

2490

2

-14

 

Influence factor:


· Market supply and demand
The decline in feed production,the lack of bullish confidence of traders and the wilings to ship is strong ,which exerts a certain pressure on prices.And the overall drivers of the market are limited.The market trades around a game of good production and weak consumption.
Source:China food network

·Seasonality

As a crop,the price of corn is greatly affected by climate factors.With the increase of domestic corn supply channels,it is more difficult for northern corn to export to the south.

The spot shipment of corn from the north to the south continues to be upside down,and the spot shipment from the north to the sourth is upside down 50 to 80yuan/ton.

Sourth:Grain and oil market report

Source:CCM

 

More information can be found at CCM Corn Products China Monthly Report.

 

About CCM:

CCM is the leading market intelligence provider for China’s agriculture, chemicals, food & feed and life science markets. Founded in 2001, CCM offers a range of content solutions, from price and trade analysis to industry newsletters and customized market research reports. CCM is a brand of Kcomber Inc.

 

For more information about CCM, please visit www.cnchemicals.com or get in touch with us directly by emailing econtact@cnchemicals.com or calling +86-20-37616606.

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