Nanhua Futures: Corn&Starch Shake and Rebound

The price of corn in Northeast China is stable but slightly strong, with farmers showing a strong reluctance to sell and traders purchasing less, resulting in stable prices. Deep processing enterprises often maintain low price acquisitions and have not experienced significant fluctuations. The price of corn in the North China market continues to be weak, with a shrinking range of decline. The vehicles arriving in front of Shandong's deep processing enterprises continue to be relatively high, and the companies continue to lower their acquisition prices. The price of corn in the sales area is mainly stable, with decent transactions in the Yangtze River Delta region yesterday. Downstream enterprises have a high purchasing enthusiasm, while traders in the South China region are stabilizing their quotes. The market has a strong wait-and-see attitude, and feed companies tend to purchase spot goods. There are not many pre-sale transactions in the long term, and there is room for negotiation.

In terms of starch, the negotiation and transaction of corn starch in North China is the main focus, and the market transaction is flat. In addition, the price of raw materials has fallen, and some enterprises have appropriately lowered their prices to attract orders. The price of corn starch in southern China remains firm, with overall good sales and decent paper and civilian consumption, supporting the delivery of corn starch.