In November, the inventory of ports in the north and south may increase, and the national corn price center will decline. In October, the inventory of ports will increase in the north and decrease in

The harvest of corn in the new season has gradually increased, but the supply of northeast tidal grain has increased, and the market price has significantly declined. The inventory in Beigang has also increased, and the enthusiasm of traders for operation is poor. Affected by holidays and logistics conditions, the corn inventory in Nangang has significantly decreased. However, due to downstream demand constraints, the upward movement of corn prices in Nangang is not satisfactory. Currently, the North and South ports are operating at the same price, but the trading volume is relatively limited.

The new season of corn is gradually increasing in quantity, but the inventory performance of ports in the north and south is showing differentiation

This month, corn inventory in northern ports has increased, while inventory in southern ports has decreased. In October, the purchasing and sales activity of Beigang continued to increase. With the expansion of new products from production areas and the narrow operating space of Beigang's acquisition price and major production areas, the port volume remained relatively high. Due to holidays and weather conditions, the loading speed of North Port has slowed down, and the sailing schedule has been postponed. The inventory of North Port has gradually accumulated, but the enthusiasm of traders to build warehouses is still low. As of October 29th, the inventory of Beigang was around 2.544 million tons, an increase of 59.30 tons or 30.39% compared to the end of last month.

This month, due to the delayed shipment from Beigang, the arrival volume at Nangang is low, and the inventory in the port continues to be digested. There are no new imported goods arriving at the port, and the inventory in the port continues to decline. As of October 29th, Nangang's inventory was around 142000 tons, a decrease of 190000 tons or 57.23% compared to the end of last month.

The trade activity is gradually increasing, and the North South ports are operating at a discounted price

In October, the trade operation between the North and South ports slightly slowed down. Due to the National Day holiday, there was a slight backlog of ships shipped from the North port in the early stage. Later, due to weather conditions, the shipping progress of the North port once again experienced short-term stagnation, resulting in a large number of ships waiting to be shipped from the North port. The enthusiasm of traders to purchase is still acceptable. However, due to the low availability of goods, the trade prices of the South port are mostly adjusted according to the cost of the North port, and the North and South ports maintain smooth operation. At the end of the month, due to the slow shipment from Beigang, the arrival shipping schedule was delayed, and the spot price at Nangang was strong. The spot profit was higher than pre-sale orders, but the trading volume was lower.

Port inventory in January may increase, and the upward space for corn prices may be limited

With the further expansion of the corn harvesting range in the production area, the supply of new season corn is still in an incremental state, and with normal port shipments, the activity of traders in the North and South ports is gradually increasing. It is expected that the corn inventory in the North and South ports may increase in November. At present, the intention to sell grain at the grassroots level in the production area is average, and the supply of high-quality aquaculture grain is tight with firm prices. It is expected that corn prices may have a narrow range with strong expectations, but due to limited downstream feed demand and slow digestion pace in Nangang, the increase in port corn prices may be limited to some extent.