玉米：持续反弹

Report Summary 1. Report Industry Investment Rating - Not provided in the document 2. Core View of the Report - Corn prices are on a continuous rebound [1] 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - Spot Prices: The Jinzhou closing price was 2,340 yuan/ton with no change; the Guangdong Shekou price was 2,430 yuan/ton with no change; the Shandong corn starch price was 2,840 yuan/ton with no change [2] - Futures Prices: C2509 closed at 2,314 yuan/ton yesterday with a 1.22% increase and 2,319 yuan/ton in the night session with a 0.22% increase; C2511 closed at 2,281 yuan/ton yesterday with a 0.97% increase and 2,284 yuan/ton in the night session with a 0.13% increase [2] - Trading Volume and Open Interest: C2509 had a trading volume of 550,232 lots yesterday with a decrease of 3,704 lots and an open interest of 1,067,675 lots with an increase of 8,025 lots; C2511 had a trading volume of 98,925 lots yesterday with an increase of 16,349 lots and an open interest of 408,184 lots with an increase of 10,735 lots; the corn whole - market trading volume was 740,289 lots with an increase of 18,550 lots and an open interest of 1,747,516 lots with an increase of 29,358 lots [2] - Warehouse Receipts: The corn whole - market warehouse receipts were 178,283 lots yesterday with a decrease of 6,688 lots [2] - Price Spreads: The main 09 basis was 26 yuan/ton; the 09 - 11 inter - period spread was 33 yuan/ton [2] 3.2 Macro and Industry News - Northern corn port collection prices were 2,280 - 2,300 yuan/ton (listed), moisture 14.5%, unchanged from yesterday; container port collection prices were 2,330 - 2,360 yuan/ton, unchanged from yesterday; Guangdong Shekou bulk ship prices were 2,410 - 2,430 yuan/ton, container new - crop quotes were 2,430 - 2,450 yuan/ton, down 30 - 40 yuan/ton from the beginning of the week; Northeast enterprise corn prices showed mixed changes; North China corn prices continued to rebound [3] - Imported feed grain prices: Argentine sorghum (bulk) in Guangdong for July - August shipment was quoted at 2,130 yuan/ton, Australian sorghum for July - August shipment was quoted at 2,430 yuan/ton; imported barley for August - September shipment was pre - sold at 2,140 - 2,180 yuan/ton, for November - December shipment was pre - sold at 2,050 yuan/ton; feed wheat for July delivery was quoted at 2,530 yuan/ton, for August at 2,560 yuan/ton [3] 3.3 Trend Intensity - The corn trend intensity was 0 [4]