阴雨天气影响 河南新季玉米上市偏缓、新旧作交替难顺畅

Core Viewpoint - The corn market prices are expected to decline due to the increase in new grain supply, but prices have risen instead, primarily due to average weather conditions in major production areas and a slower increase in new grain supply [1] Group 1: Market Conditions - In early September, the corn market saw price increases despite expectations of declines as new grain from regions like North China, Northeast, and Northwest entered the market [1] - The quality of new grain is under pressure due to rainfall affecting corn quality, while prices for high-quality old grain remain strong [1] Group 2: Regional Analysis - In late August, corn from certain regions in Henan began to enter the market, but growth was hindered by previous droughts and rainy weather affecting harvesting [3] - New corn in southern Henan is being sold at prices ranging from 1.05 to 1.10 yuan per jin, with quality varying significantly [3] Group 3: Weather Impact - The weather forecast indicates continued heavy rainfall in Henan, which will further delay the speed of new grain entering the market and negatively impact corn quality [4] - The quality of corn in northern Henan, known for high-quality and high-priced corn, is also affected, with prices for good quality old grain rising to 1.25 yuan per jin due to tight supply [4] Group 4: Price Expectations - Overall, while new grain supply is gradually increasing in September, the growth rate is hindered by weather conditions, leading to expectations that low-end prices for new grain will continue to decline, while high-end prices for quality grain will remain firm [4]