Core Viewpoint - The domestic grain market shows significant positive movement, particularly in early indica rice futures, which remain stable at 2500.00 yuan/ton as of the report date [1]. Market Information - As of January 10, Brazil's first corn planting rate reached 89.9%, up from 88.3% the previous week and higher than 87.1% during the same period last year, exceeding the five-year average of 85.7% [1]. - Brazil's corn harvesting rate is at 2.4%, an increase from 0.7% the previous week, and comparable to 2.3% last year, but below the five-year average of 4.2% [1]. - In the United States, 66.67% of major corn-producing areas are expected to experience below-normal temperatures in the next 6-10 days, while 67% anticipate near-normal precipitation levels [1]. U.S. Corn Outlook - The USDA's projections for the 2025/26 U.S. corn season indicate an increase in production, with higher feed and waste usage, while food, seed, and industrial usage are expected to decline, leading to an increase in ending stocks [1]. - As of December 1, 2025, total U.S. corn stocks are reported at 1.33 billion bushels, a 10% increase year-on-year. On-farm stocks are at 870 million bushels, up 14% year-on-year, while off-farm stocks are at 458 million bushels, a 4% increase year-on-year [1]. - Corn consumption is projected at 5.29 billion bushels, compared to 4.58 billion bushels during the same period last year [1].
早籼稻期货主力合约保持不变 后市会如何发展
Jin Tou Wang·2026-01-13 02:05