玉米日报-20250415

Report Information - Report Title: Corn Daily Report [1] - Report Date: April 15, 2025 [2] Industry Investment Rating - Not provided Core Viewpoints - The price of corn is expected to fluctuate with limited upside and downside potential. The supply of corn at the grassroots level is almost exhausted, while the demand has a slight increase. The futures price is also likely to follow the spot price and fluctuate [9]. Summary by Section 1. Market Review and Operation Suggestions - Futures Market: On the 14th, the main corn contract 2505 opened slightly higher and then fluctuated lower, closing with a negative candlestick. The highest price was 2,282 yuan/ton, the lowest was 2,262 yuan/ton, and the closing price was 2,267 yuan/ton, up 0.09% from the previous trading day. The total open interest of the index increased by 46,462 lots to 2,218,656 [8]. - Spot Market: On the 14th, the FOB price of second - class corn at Jinzhou Port was 2,210 - 2,220 yuan/ton, unchanged from the previous day [8]. 2. Industry News - On April 14, the corn prices at north - south ports were basically stable. In Jinzhou Port, the price of corn with 15% moisture and a bulk density of 720 was 2,160 - 2,200 yuan/ton, and the FOB price of 15% moisture corn was 2,210 - 2,220 yuan/ton, unchanged from the previous day. Similar prices were reported in Bayuquan Port. In Guangdong Shekou Port, the transaction price of 15% moisture bulk corn was 2,260 - 2,280 yuan/ton, and the price of first - class corn was 2,360 - 2,380 yuan/ton, also unchanged [10][12]. 3. Data Overview - European Imports: From July 1, 2024, to April 6, 2025, the EU imported 3.4 million tons of US corn, far higher than 114,000 tons in the same period of the previous year [15]. - USDA Report: The USDA's April report estimated the 2024/25 global corn production at 1.2151 billion tons, slightly higher than the March forecast; the export volume at 188.68 million tons, higher than the March forecast; and the ending inventory at 287.65 million tons, lower than the previous month's forecast and the previous year's level [15]. - US Corn Sales: As of the week ending April 3, 2025, the net sales volume of US corn in the 2024/25 season was 785,600 tons, a 33% decrease from the previous week and the four - week average [15]. - Domestic Supply: As of April 10, the grain - selling progress of farmers in 13 provinces was 91%, 7% faster than the same period last year, and that in 7 major producing provinces was also 91%, 8% faster than last year [15].