June 23, 2020
China Corn Weekly: Prices stay firm (ended Jun 19, 2020)
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Market analysis
As the take up rates and prices of state corn reserves auction remained high, traders held up spot corn prices in anticipation of tight availability.
Corn prices averaged RMB2,124/tonne, increased RMB18/tonne or 0.83% compared with the previous week.
Traders will continue to stand firm on spot corn prices in view of a strong market. Nonetheless, demand for corn will be slow while broiler feed producers tread prudently.
Full version of the report is available at https://spoutinfo.com/market-forecast-detail/31/32/265/1916

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