Peak loop turn, usually to describe a sudden turn for the better, but sometimes the market does not give you a routine, and the sword goes sideways.
The turn is turning, but it is not turning in a good direction, and the more it turns, the more troublesome it becomes.
This is the current corn.
Originally, the market's view of wheat corn is different, wheat is weak, and it is not long before the wheat harvest, the supply of wheat is sufficient, and the market demand is bleak, so the oversupply of wheat is obvious.
But corn is different.
Or the market for corn is still expected, the reason is that after all, corn is in huge demand, although there are many substitutions this year, but the price of corn has also fallen again and again, so the cost performance of corn feed is not necessarily low.
And this year's deep processing is indeed powerful, all say that the demand is weak and the demand is weak, but the performance of deep processing this year is not weak, so it can be regarded as giving corn support.
On the other hand, it is a critical point in time.
At what point?
It is the time when the corn is so-called green and yellow.
Generally speaking, the period before the new corn is on the market is also the time when the supply of corn is tight, when the supply of corn is reduced, and the new grain has not yet been harvested, so this period is called green and yellow.
According to the law of corn market, every time during this period, the supply of corn will decrease, which will drive the price of corn up.
Many grain-holding entities are also optimistic about this period, so they have expectations for corn.
But there was an "accident" with corn.
For example, compared with the price at the end of July and the price at the beginning of July, the price of corn in Northeast China generally fell by 40-70 yuan/ton, the price of Beigang also fell by 50-60 yuan/ton, and the price of corn in North China also fell by 30-60 yuan/ton......
And now it's August in a blink of an eye, and there is not much time left for the new corn harvest, and looking at the corn market, it is still a "down" word.
What's more troublesome is that the price of corn in Shandong has been closely linked to the amount before, and the price of more has fallen, and the price has risen if there is less quantity.
But this time it also failed, even if the number of trucks in front of Shandong deep processing fell again and again, and then look at the company's quotation, it is also correct.
And even the futures market can't stand it, and it has begun to hit new lows repeatedly, which means that the market is more pessimistic about the follow-up corn market.
I have to say that this reversal is quite fatal, obviously it is the time when the green and yellow should not rise, but the result is not stopping, which makes the main body of grain holding a lot of headaches.
Can corn still rise?
Or will the corn in August fall even worse?
Everyone's hearts are beating.
But judging from the market, the corn in August also fell more and rose less.
First, the supply of corn is really under pressure.
Not only Shandong fell, but the Northeast also fell sharply.
Before the price of North China and Northeast China was upside down, it was awkward, and then Shandong finally rose, and the Northeast corn was just about to loosen and loosen quickly, but before the Northeast grain ran away, the result was that Shandong and North China fell again.
Looking at the inventory again, it's even worse.
The inventory in the north port is high, and the inventory pressure in the south port is even greater, so who will sell the corn?
Second, pig prices are rising, but corn is falling.
In the past few days, pig prices have risen desperately, breaking 10 or even 11 locally, as if they are going to hit a new high.
But even such a rising method has not been able to pull the feed demand for corn, nor has it been able to pull up the corn, so don't pigs eat feed?
It can only be said that everyone is not optimistic about the corn market and thinks that the probability of subsequent rise is not large, so they are not in a hurry to purchase at all, and they are all buying as they go.
Third, new corn is on the market.
Although there is still some time for the large-scale corn harvest in Northeast China, the spring corn in North China will be on the market in September, and this part of the corn will obviously make the pressure on the corn to a higher level.
A lot of things are like this, don't look like it's just a straw, but it can be a whole camel.
In addition, the deep processing in August, in fact, don't expect too much for deep processing, at this time, the deep processing is basically the strength of the milk, and in August it will face the suspension of production, overhaul, so it is difficult to scale.
The pressure tests the market, but also tests the mentality of people, although there is a policy to support the bottom, corn will not collapse, but in this green and yellow corn is most likely to rise, it may really disappoint the market.
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