Nanhua Futures: Corn&Starch Under Pressure Operation

The price of corn in Northeast China continues to fluctuate, while a small amount of new grain in Jilin region is being launched and sent to nearby deep processing enterprises, resulting in stable prices of new grain. Traders have not yet exhausted their supply of aged grain, with different attitudes, and the price focus is gradually approaching the price of new grain. The overall price of corn in North China is stable with a slightly strong trend, while the number of vehicles receiving deep processed corn from Shandong continues to increase. The price of deep processed corn fluctuates, and the mainstream price remains stable. The corn market in the sales area is running steadily but weakly. Affected by the closing of positions in Beigang and the decline in futures, the prices in the Yangtze River Estuary and the Pearl River Delta have stopped rising, and there has been a slight decline in the Pearl River Delta.