Today, the nationwide average price of corn slightly declined overall, with some areas experiencing minor fluctuations. The number of regions with fluctuations decreased, with more areas seeing declines than increases.

On the 11th, the overall national average price showed a slight decline, with some areas experiencing minor fluctuations. Regions with volatility saw fewer increases and more decreases. Domestic primary production areas saw a slowdown in the pace of grain sales by grassroots farmers, and many deep-processing enterprises have gradually issued notices to halt purchases. The market buying and selling atmosphere has gradually cooled, and prices are gradually stabilizing. In February, China’s aged corn inventory will continue to decline, and the demand for corn in breeding and feed production will also decrease. The circulation of aged corn at the grassroots level will gradually reach a bottom, and market supply sources will become even tighter. Overall, in February, both supply and demand still face high bearish pressure. Aside from the impact of weather and transportation uncertainties, it is more likely that the spot transaction prices of corn in production areas will remain stable or slightly strong during most of the early February period, with the probability of a gradual shift to stable or slightly weaker prices in the mid to late February increasing. The likelihood of the monthly average price continuing to rise month-on-month is higher. (China Feed Industry Information Network)