Core Insights - The corn market in the southeastern coastal region of China showed a downward trend in August 2025, with two price rebounds occurring mid-month and at the end of the month, while some trading companies began pre-selling new crop corn [1][4][6] Price Trends - As of August 29, the price of second-grade corn at Shekou Port was approximately 2350 CNY/ton, down by 50 CNY/ton from the beginning of the month [1] - Northern ports also experienced a price decline, with the mainstream settlement price at 2260 CNY/ton, reflecting a similar decrease of 50 CNY/ton [3] - The average theoretical trade differential between southern and northern ports was -63.10 CNY/ton, a decrease of 18.32 CNY/ton from the previous month [3] Supply and Demand Dynamics - The market sentiment remained bearish due to continuous supply from northeastern grain auctions and a lack of corresponding purchasing increases from the demand side [3][6] - By the end of August, total corn inventory at southern and northern ports was 2.7656 million tons, similar to the previous year, while Guangdong's foreign trade grain inventory decreased by 17.8% year-on-year [8] Future Outlook - In September, the corn market will officially enter a transitional phase, with expectations of stable prices around 2350 CNY/ton, although demand may decrease due to cautious purchasing behavior from downstream enterprises [8] - If the new crop's market entry is delayed, prices may see a short-term increase of 20-40 CNY/ton, but will likely revert to around 2300 CNY/ton thereafter [9]
9月东南沿海玉米市场基本面对价格或有提振 但最终仍将向新作价格过渡
Xin Hua Cai Jing·2025-09-03 07:32