玉米：震荡调整

Group 1: Investment Rating - The investment rating for the corn industry is "Oscillating adjustment" [1] Group 2: Core View - The report provides a comprehensive analysis of the corn market, including fundamental data, price trends, trading volume, and positions, as well as macro and industry news [2][3] Group 3: Summary by Directory 1. Fundamental Tracking - Spot Prices: The northeast purchase average price, Jinzhou closing price, and North China purchase average price remained unchanged, while the Guangdong Shekou price was 2,460 yuan/ton, also unchanged. The Shandong corn starch price was 2,840 yuan/ton, unchanged [2] - Futures Prices: C2507 closed at 2,359 yuan/ton, down 0.72%, and C2509 closed at 2,389 yuan/ton, down 0.95%. In the night session, C2507 closed at 2,351 yuan/ton, down 0.34%, and C2509 closed at 2,380 yuan/ton, down 0.38% [2] - Trading Volume and Positions: The trading volume of C2507 was 209,250 lots, an increase of 76,703 lots, and the position was 226,594 lots, a decrease of 89,775 lots. The trading volume of C2509 was 700,124 lots, an increase of 205,091 lots, and the position was 996,356 lots, an increase of 1,360 lots. The total trading volume of the corn market was 1,001,909 lots, an increase of 286,014 lots, and the total position was 1,732,124 lots, a decrease of 85,116 lots [2] - Warehouse Receipts: The total warehouse receipts of the corn market were 220,097 lots, an increase of 3,576 lots [2] - Price Spreads: The basis of the main contract 09 was -9 yuan/ton, and the 07 - 09 inter - period spread was -30 yuan/ton [2] 2. Macro and Industry News - Corn Prices: The northern corn collection port price was 2,330 - 2,350 yuan/ton (listed), an increase of 10 yuan/ton; the container collection port price was 2,370 - 2,390 yuan/ton, a decrease of 10 - 20 yuan/ton. The Guangdong Shekou bulk ship price was 2,440 - 2,460 yuan/ton, unchanged. The prices of northeast enterprises' corn were stable with an upward trend, while the North China corn prices decreased [3] - Alternative Feed Prices: The price of Argentine sorghum in Guangdong (bulk) for July - August shipments was 2,150 yuan/ton; the pre - sale price of imported barley for July - August shipments was 2,130 - 2,170 yuan/ton; the delivery price of feed wheat at the end of June was 2,530 yuan/ton [3] 3. Trend Intensity - The trend intensity of corn is 0, indicating a neutral trend [4]