Is there a chance for corn in 2025?

This week, there was little change in domestic corn prices, but there were slight signs of rebound in the later part of the week. At the same time, two new articles were added this week. One is the rumor that there may be another increase in reserves, and the other is the rumor that subsidies will be given to central enterprises to encourage them to enter the market for commercial acquisitions. The main force of Dalian corn futures, the 2505 contract, increased its holdings and fluctuated upward within the week, with a rise of 2.29%. This year is coming to an end, and we are taking stock of 24 years of corn. The keywords are increasing storage and imports, with production and demand as the core, and adjustments made to circulation and expectations. So what will happen to corn as it enters its 25th year? Can the recent rebound continue?

The willingness to build channel libraries has rebounded, and there has been an increase in distant monthly quotations

This week, the market is relatively stagnant, and some traders have started to build warehouses. As the year-end approaches, the progress of regional grain sales has reached half, and the current inventory cost is relatively low. The pressure on self owned funds is relatively small, and the price in North China has reached the low point in late October. From the high point in the early stage, the middle price difference is obvious. This week, port prices rebounded, with the purchase price of 2000-2030 yuan/ton for northern ports, 15 yuan/ton for water, and 700 yuan/ton for bulk density. Due to the large price difference between current and future prices, there has been an increase in the purchase contracts for distant months at ports. For example, the purchase contract price for some second-class corn in northern ports in April was 2070 yuan/ton, and in March it was 2050 yuan/ton. Based on the current market price, there may be some delivery profit for some production areas in Northeast China.