The corn market continues to rise, can it exceed 1.6 yuan per pound? December corn price forecast
Corn is a food crop grown by most farmers, especially in the Northeast, which has a large planting area and is currently the largest corn-producing area in my country.
It is understood that the price of corn in many places in my country has been rising recently, especially in Shandong. The current purchase price has exceeded 1.4 yuan, and the highest purchase price is close to 1.6 yuan. So can the price of corn on the market exceed 1.6 yuan per pound? How will corn prices perform in December? The editor will tell you in detail below, and growers who want to know more can take a closer look.
How much does corn cost per pound now?
The current price of corn on the market varies due to various factors. It is understood that the current corn price in Gaocheng District, Shijiazhuang City, Hebei Province is 0.73 yuan/jin; corn price in Yongnian District, Handan City, Hebei Province is 0.8 yuan/jin; Hangzhou, Zhejiang Province Yuhang District, Yuhang City, 1.5 yuan/jin; corn in Longwen District, Zhangzhou City, Fujian Province 1 yuan/jin; corn in Jianou City, Nanping City, Fujian Province 1.4 yuan/jin; corn in Tongxu County, Kaifeng City, Henan Province 1.25 yuan/jin; corn in Yongcheng City, Shangqiu City, Henan Province 0.9 Yuan/jin; corn in Gong'an County, Jingzhou City, Hubei 1.2 yuan/jin; corn in Hengzhou City, Nanning City, Guangxi 0.9 yuan/jin; corn in Rong'an County, Liuzhou City, Guangxi 1.55 yuan/jin; corn in Hepu County, Beihai City, Guangxi 0.95 yuan/jin; Sichuan Corn in Miyi County, Panzhihua City, is 1.2 yuan/jin; corn in Qixingguan District, Bijie City, Guizhou is 0.9 yuan/jin; corn in Mile City, Honghe Hani and Yi Autonomous Prefecture, Yunnan is 0.75 yuan/jin; corn in Ninghe District, Tianjin is 0.89 yuan/jin; Handan, Hebei Corn in Congtai District of the city is 1.15 yuan/jin; Corn in Linzhang County, Handan City, Hebei Province is 0.7 yuan/jin - Corn in Cheng'an County, Handan City, Hebei Province is 1.2 yuan/jin; Corn in Yongnian District, Handan City, Hebei Province is 1.03 yuan/jin; Anci District, Langfang City, Hebei Province Corn is 1.3 yuan/jin; corn in Qixian County, Jinzhong City, Shanxi Province is 0.88 yuan/jin; corn in Jiujiang District, Wuhu City, Anhui Province is 1.25 yuan/jin; corn in Yushan District, Ma’anshan City, Anhui Province is 1.4 yuan/jin.
Remarks: The above corn price quotations in each producing area are from the Huinong.com production area. They are not market retail prices and are for reference only. The specific real-time local quotations shall prevail!
Can the price of corn exceed 1.6 yuan per pound?
Since the beginning of this year, domestic corn prices have continued to rise. The overall trend is stable and then rising. In recent days, corn prices in Shandong have been rising. At present, most purchase prices have exceeded 1.4 yuan, with the highest The purchase price is close to 1.6 yuan. Judging from the current situation, it is still very likely to exceed 1.6 yuan per pound in the future, mainly due to the following reasons:
1. Affected by the international epidemic
Due to the impact of the epidemic in many countries, at least 13 countries are currently restricting grain export plans. The import volume of corn and corn substitutes has been seriously affected, which will also have a certain impact on my country's corn prices.
Corn is a major feed with many uses. Many countries have great demand for it, so the price will naturally rise.
Food prices around the world are rising, and food security is threatened. If global food prices rise, China's food prices will inevitably rise.
2. Reduced corn production
This year, many corn growing areas have experienced poor weather, especially the Huang-Huai-Hai region, which has not experienced many years of high temperature, drought, bacterial wilt and other natural disasters and diseases. , the corn yield has been reduced significantly; in addition, the corn yield in East and North China has been reduced to a certain extent due to rain and lack of sunshine during the corn growth and filling period.
Corn production has decreased, but people’s demand has not decreased, and prices have increased.
3. The cost of farming is high
Since this year, the prices of seeds, fertilizers, pesticides, labor, and machine harvesting have also increased significantly, and the cost of farming has increased significantly. Therefore, corn The price also increased accordingly.
4. The recovery time of the pig industry is short
Because corn is a main feed ingredient for pigs, the shorter the recovery time of the pig industry, the greater the demand for it by farmers. will be bigger.
Secondly, the price of pork is rising significantly, which will also promote the rapid recovery and growth of the breeding industry, thereby driving up the price of corn.
Analysis of the latest corn price trends in November
Since November, domestic new season corn has been fully launched. Due to the impact of rainfall and epidemic factors in some areas, it is difficult to transport corn in production areas. It has also increased a lot, and freight rates are naturally rising. In addition, grain trading entities are generally optimistic about the future market. The domestic corn market has a decline in available grain sources. Corn arrivals at ports and deep processing enterprises are low. In addition, downstream feed demand is strong. , in order to stimulate the arrival port and deep processing enterprises to slightly increase the purchase price of corn, driving the domestic corn market price to continue to run at a high level.
December corn price forecast
A large amount of corn from North China will be on the market in December, and more corn will be put on the market at ports. It is predicted that corn prices in some areas may see a correction in December.
Mainly due to climate factors and masks, the transportation and sales of corn are hindered and the price is rising. When the weather is fine and the roads are clear, deep processing companies will buy corn at a lower price. Therefore, November is a good time for corn sales, and prices will rise. The speed will be faster. Farmer friends who have inventory suggest that they abandon the mentality of being reluctant to sell and settle for safety.
From the above, we can understand that the price difference of corn in different places is still large, and its price will be affected by quality, climate, demand and other factors.
Judging from the current situation, the price of corn is still likely to exceed 1.6 yuan per pound in the later period. This has a lot to do with the impact of the international epidemic, rainfall in some areas, and reduced corn production.
However, as a large amount of corn comes on the market in North China in December, corn prices in some areas are expected to correct. However, the demand for corn will increase at the end of the year, so the possibility of corn prices continuing to fall is still small. Farmers can sell corn at the right time.