卓创资讯：贸易环节出货积极性提升 华北市场粮源供应增加

Core Viewpoint - The corn prices in the North China market have shifted from rising to falling since July 4, primarily due to increased supply from traders and stable demand, leading to a slight decrease in prices [1][3]. Group 1: Price Trends - As of July 4, the average corn price in North China was 2427.85 yuan/ton, reflecting a week-on-week decline of 0.26% and a year-on-year increase of 1.86% [1]. - The price drop is attributed to enhanced shipment activities by traders, resulting in a temporary increase in corn supply [1][3]. Group 2: Trader Behavior - Traders have been actively selling corn to lock in profits, with reported outflow profits around 300 yuan/ton as of late June and early July [3]. - Concerns over increased auction volumes of imported corn have led traders to anticipate limited price increases, prompting them to boost their selling activities [3][4]. Group 3: Supply Dynamics - The onset of the rainy season and the introduction of imported genetically modified corn have diversified the factors affecting the corn market [4]. - The auction of imported corn is expected to influence market sentiment and supply dynamics, potentially limiting price increases [4][5]. Group 4: Future Outlook - In the short term, corn prices in North China are expected to remain weak due to increased supply, but may strengthen later in July as concentrated shipments decrease [5]. - The overall supply-demand relationship in the corn market is relatively loose, with expectations of price adjustments depending on auction volumes and transaction conditions [5].