Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
Search Result

March 5, 2019
 
China Corn Weekly: Farmers eager to release stock(week ended Mar 1, 2019)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices dropped further.
 

Weekly transacted prices of second-grade corn in China (Moisture content 14%)

Region

City/ Port

Price type

Price as of
Feb 22
(RMB/tonne)

Price as of
Mar 1
(RMB/tonne)

Price change (RMB/tonne)

Heilongjiang

Haerbin

Ex-warehouse

1,664

1,656

-8

Jilin

Changchun

Ex-warehouse

1,710

1,706

-4

Liaoning

Shenyang

Ex-warehouse

1,794

1,782

-12

Inner Mongolia

Tongliao

Ex-warehouse

1,810

1,800

-10

Shandong

Dezhou

Ex-warehouse

1,868

1,864

-4

Shandong

Weifang

Ex-warehouse

1,878

1,874

-4

Hebei

Shijiazhuang

Ex-warehouse

1,866

1,844

-22

Henan

Zhengzhou

Ex-warehouse

1,880

1,880

0

Jiangsu

Xuzhou

Ex-warehouse

2,016

2,012

-4

Shaanxi

Xi'an

Ex-warehouse

1,870

1,866

-4

Jiangsu

Lianyungang

Rail Station

1,855

1,834

-21

Zhejiang

Hangzhou

Rail Station

1,940

1,940

0

Shanghai

-

Rail Station

1,938

1,898

-40

Sichuan

Chengdu

Rail Station

2,160

2,104

-56

Liaoning

Dalian

FOB

1,855

1,834

-21

Liaoning

Jinzhou

FOB

1,864

1,826

-38

Guangdong

Shekou Port

CIF

1,968

1,926

-42

All prices are representative and are for reference only.
RMB1=US$0.1492 (Mar 5)

 

Market analysis
 
Corn prices dipped 0.91% over the week as demand continued to remain slack. Moreover, corn farmers readily accepted lower prices in attempts to clear stocks as the climates turned warmer.
 
 
Market forecast
 
Corn market is poised to weaken further with farmers eager to release inventories and demand sluggish while the livestock markets underperform. Prices are likely to slide at a faster rate in the coming weeks.
 


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.

Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read