U.S. corn keeps unsubscribing, new season corn begins to go on the market, import auction transactions are bleak, corn prices

　　As the new grain market is approaching, new crop corn in some producing areas will be launched sporadically.
China Grain Reserve Corn, Rotating Grain, and imported corn will continue to be sold at auctions.
The overall market supply tends to be loose, while downstream demand is relatively weak, deep processing profits are biased, and start-ups are low.
The phenomenon of grain substitution in the feeding industry is common, and feed consumption is still relatively sluggish
.
As of September 6th, domestic corn spot prices have fallen overall
.
According to statistics from the Feed Industry Information Network, as of September 6, the national average price of corn was 2734.
16 yuan/ton, which was a drop of 6.
21 yuan/ton compared to 2740.
37 yuan/ton on September 3
.
BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The mainstream purchase price of Heilongjiang deep processing is 2420-2480 yuan/ton, which is generally stable; the mainstream purchase price of Jilin deep processing is 2500-2600 yuan/ton, and the mainstream purchase price of Inner Mongolia is 2510-2650 yuan/ton, down 40- from September 3 50 yuan/ton
.
BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The mainstream purchase price of Shandong deep processing enterprises is 2680-2810 yuan/ton, down 10-60 yuan/ton from September 3
.
BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Jinzhou Xinliangji Port offers 2600-2630 yuan/ton, an increase of 10 yuan/ton from the previous week
.
BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The price of bulk corn in Guangdong Shekou has risen, and the mainstream price is 2850-2870 yuan/ton, down 50-70 yuan/ton from the previous week
.
BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In terms of imports, as of September 6, the cost of U.
S.
corn arrival in October was 2693.
30 yuan/ton, a decrease of about 6.
72 yuan/ton from the previous week
.
BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Imported corn auction sales are bleakBqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The imported corn auction held two auctions last week, but the transaction rate continued to decline
.
The specific transactions are as follows:BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　China Grain.
com's August 31st auction results for imported US corn and finishing materials (genetically modified): the planned sale of corn was 9554 tons, the actual transaction was 3,193 tons, and the transaction rate was 33%
.
BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　On September 3, China Grain.
com imported US corn and finishing products (genetically modified).
The results of the auction sale: planned to sell 111,321 tons of corn, the actual transaction was 9,603 tons, and the transaction rate was 9%
.
BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The results of China Grain's corn auction sales on September 3 in Ukraine: plans to sell 13,180 tons of corn, all of which are unsuccessful
.
BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Early-maturing new corn goes on the market, and the enthusiasm for acquisition is not highBqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　At present, in addition to the southern market, new corn in Hebei, Henan, Shandong, and Anhui are successively listed, and early-maturing new corn is also listed in the Northeast, mainly in the Heilongjiang region, and the number of listings is relatively small
.
A small number of local deep-processing companies have higher purchase prices on scales year-on-year, and trade entities tend to wait and see.
They are not very motivated to enter the market and purchase at the same time
.
In addition, according to the weather forecast, the precipitation pattern in western Liaoning and eastern Inner Mongolia will continue last weekend, and precipitation will be concentrated in western Heilongjiang and central and northern Jilin in the middle and late periods of the week.
This weekend, Liaoning and central and eastern Jilin will reappear a strong precipitation process, with precipitation in some areas even More than 100mm
.
This round of precipitation will help the late-maturing spring corn in the northeast to fill, but continuous rain in many places is unfavorable to the early-maturing varieties or affects their quality to a certain extent
.
As a whole, most areas in the Northeast are likely to be dry, which is conducive to the maturation and harvest of new corn
.
The weather in the summer corn belt in the Huanghuai area of ​​North China turned to dry in the late week, which helped to repair the effects of excessive soil moisture and potential damage to the corn quality caused by the previous wet and rainy days
.
On the whole, the expectation of corn growth in the new season is still strong
.
BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　China keeps unsubscribing from U.
S.
cornBqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　According to data released by the United States Department of Agriculture, as of the week before April 15, the annual output of soybeans exported to China by the United States in 2020 or 2021 has decreased by 51,000 tons; in contrast, China's purchase of old season corn from the United States has also decreased 55,000 tons
.
In the following week, China also cancelled the purchase of 120,000 tons of old season corn in the United States
.
BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Although many corn orders were cancelled, China purchased 65,000 tons of American wheat and 130,000 tons of sorghum during this period
.
BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　According to Bloomberg's analysis, China's current purchases of American goods and services are 1/3 of the previously promised purchases
.
Since the signing of the agreement between China and the United States in January 2020, China’s procurement has brought the United States 123 billion yuan in revenue, which is equivalent to one-third of the United States’ procurement target of 3,781 yuan in one year
.
BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The U.
S.
is very worried about China's sudden cancellation of ordersBqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The surge in Chinese procurement has not only brought economic income to the United States, but also other benefits to the United States
.
As China’s demand for feed began to rise last year, this directly led to the Chicago corn futures reaching its highest point in many years
.
However, over time, China's demand for corn has been declining every week, which has also led to a decline in U.
S.
exports
.
BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　American traders are very worried about this and have begun to actively seek breakthroughs
.
At the same time, they are still predicting what China will do
.
Does China plan to move its purchases to the next marketing quarter? Or is it canceling orders altogether? The United States is particularly concerned about this because once imports are reduced, Chicago futures will fall sharply
.
BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Regarding the reason for return, there are mainly 2 aspects:BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　1.
The price of imported corn has risen sharply, while the price of domestic corn has continued to fall.
BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　On the one hand, international food prices have risen due to the increase in overall commodity prices, of which corn has the largest increase; on the other hand, this year, the United States and other places have been affected by droughts and reduced planting areas.
Expectations for corn prices continue to rise, which has triggered prices.
Rise
.
BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In addition, coupled with the significant surge in international freight, the cost of imported corn has risen sharply
.
BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　2.
The domestic aquaculture industry loses money and the demand for feed dropsBqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　On the one hand, deep processing continues to be sluggish.
On the other hand, the production capacity of live pigs has fully recovered, the price of live pigs has fallen, and the breeding industry has suffered a total loss.
Therefore, the demand for feed has fallen sharply
.
BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The overall market demand for corn is far less robust than in the first half of the year.
Under this circumstance, imported corn is naturally not fragrant
.
BqE China Feed Industry Information Network-Based on feed, serving animal husbandry

　　On the whole, the domestic market of spring corn continued to increase in September, feed wheat, rice, imported barley and sorghum continued to replace the market, and the auction of imported corn continued to supplement demand-side inventories
.
Demand continues to grow, but overall, corn supply and demand continued to ease in September
.
Superimposed on the improvement of the new crown epidemic situation and the improvement of logistics and transportation costs, it is expected that corn prices will fluctuate and fall in most of September, and the monthly average price will continue to fall
.
BqE China Feed Industry Information Network-Based on feed, serving animal husbandry