玉米淀粉日报-20250710

Report Industry Investment Rating - Not provided in the content Core Viewpoints - The US corn planting is completed, and the price is weak but bottom - oscillating. The tariff between China and the US has decreased, and the import profit of foreign corn is high. The northern port's flat - closing price in China has declined, and the Northeast corn spot price has also dropped. The supply in North China has decreased, and the corn spot price is stable. The domestic breeding demand is still weak, and the downstream feed enterprise inventory is high. The corn spot price is relatively stable in the short term but may continue to decline due to upcoming auctions. It is expected to oscillate, with strong support at around 2450 yuan/ton in North China and 2220 yuan/ton in Heilongjiang [3][5]. - The number of vehicles arriving at Shandong's deep - processing plants has decreased, and the corn spot price in Shandong is stable. The starch price in Shandong is around 2900 yuan, and the Northeast starch spot price is also stable. The corn starch inventory has increased this week. The starch price mainly depends on the corn price and downstream stocking. In the long - term, due to weak demand, enterprises will be in a long - term loss state. The short - term decline space of the 09 starch futures is limited [6]. Summary by Directory First Part: Data - Futures Data: The closing prices, price changes, price change rates, trading volumes, trading volume change rates, open interests, and open interest change rates of multiple corn and starch futures contracts are provided. For example, the closing price of a certain contract is 2235 yuan, with a price increase of 1 yuan and a price change rate of 0.04%, a trading volume of 24,744, a trading volume decrease rate of 11.06%, an open interest of 131,680, and an open interest increase rate of 2.56% [2]. - Spot Price Data: The spot prices and price changes of corn in various regions such as Qinggang, Jiajisheng Chemical, Zhucheng Xingmao, etc., and the spot prices and price changes of starch in enterprises like Longfeng, COFCO, etc. are given. For example, the spot price of corn in Qinggang is 2265 yuan, with a price decrease of 5 yuan [2]. - Spread Data: The spreads and spread changes of corn inter - period, starch inter - period, and cross - variety are presented. For example, the C01 - C05 spread of corn is - 33 yuan, with a spread change of - 3 yuan [4]. Second Part: Market Judgment - Corn: The US corn price is bottom - oscillating, and the Chinese northern port's flat - closing price and Northeast corn spot price have declined. The supply in North China has decreased, and the price is stable. The domestic breeding demand is weak, and the downstream feed enterprise inventory is high. The corn spot price is relatively stable in the short term but may decline due to upcoming auctions. It is expected to oscillate, with strong support at around 2450 yuan/ton in North China and 2220 yuan/ton in Heilongjiang [3][5]. - Starch: The number of vehicles arriving at Shandong's deep - processing plants has decreased, and the corn spot price in Shandong is stable. The starch price in Shandong is around 2900 yuan, and the Northeast starch spot price is also stable. The corn starch inventory has increased this week. The starch price mainly depends on the corn price and downstream stocking. In the long - term, due to weak demand, enterprises will be in a long - term loss state. The short - term decline space of the 09 starch futures is limited [6]. Third Part: Corn Options - The option strategy is that enterprises with spot goods can sell corn call options and hold them. The prices, price change rates, and other data of some corn option contracts are provided [11]. Fourth Part: Related Drawings - Multiple graphs are provided, including the spot price of corn in various regions, the basis of corn 09 contract, the 9 - 1 spread of corn, the 9 - 1 spread of starch, the basis of corn starch 09 contract, and the spread of corn starch 09 contract. These graphs show the price trends and relationships of different periods and varieties [13][15][20].