下游原料库存偏低 短期玉米期货盘面以震荡为主

Group 1 - The USDA reported that for the week ending January 15, 2025/2026 corn export net sales were 4.011 million tons, up from 1.14 million tons the previous week, while 2026/2027 corn net sales were 0 tons, down from 0.1 million tons the previous week [1] - Corn shipments for the 2025/2026 marketing year totaled 1.434 million tons, a decrease from 1.556 million tons the prior week [1] - Crop expert Dr. Michael Cordone maintains corn production forecasts for Brazil and Argentina at 137 million tons and 56 million tons, respectively, while AgRural reports that Brazil's second-season corn planting is lagging at 1.1%, compared to 6.7% at the same time last year [1] Group 2 - According to the National Development and Reform Commission, the increase in grain production in 2025 will mainly come from the three northeastern provinces, Inner Mongolia, and Xinjiang, with corn being the primary contributor [3] - The current market sentiment is generally positive, with active trading in the corn market, and the average domestic corn price is 2,326 yuan per ton [4] - There is an increased willingness to sell at the grassroots and trading levels ahead of the holiday, with downstream corn raw material inventories being low, leading to increased replenishment by feed and deep processing enterprises [4]