玉米：近强远弱

1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - The corn market is currently in a weak state. The spot market is generally stable with a slight decline, and the futures market has dropped due to a lack of new drivers and weak market sentiment. Multiple factors are affecting the market outlook, including the decline of CBOT corn, stable wheat prices, continuous import corn auctions, rising corn starch inventory, and the approaching new - season corn harvest [1][2][3][4][5][7] 3. Summary by Related Catalogs Corn Market Review Spot Market - As of August 15, the national average corn price was 2,394.12 yuan/ton, down 1 yuan/ton from the previous week. Different regions had different price ranges, such as Shandong (2,450 - 2,560 yuan/ton), Henan (2,450 - 2,550 yuan/ton), etc. [1] Futures Market - In the week of August 15, the futures market declined. The main contract (C2511) had a high of 2,218 yuan/ton, a low of 2,185 yuan/ton, and a closing price of 2,190 yuan/ton (down from 2,199 yuan/ton the previous week). The corn starch main 2509 contract closed at 2,614 yuan/ton on August 15. The basis of the corn main C2511 contract was stable at 120 yuan/ton on August 15 [2] Corn Market Outlook CBOT Corn - In the week of August 15, CBOT corn futures fell 0.06%. The USDA's high - expected corn production estimate led to a sharp price drop, followed by strong export sales and active short - covering [3] Wheat Price and Import Corn Auction - As of August 14, the national average wheat price was 2,442 yuan/ton. There were various corn trading results in different types of auctions, with different changes in成交率 compared to the previous week. The wheat market was supported by the start of the national mainstream产区 wheat support purchase, but the policy - based storage scale was limited. The market had sufficient supply, and the demand was mainly for rigid needs [4] Corn Starch Inventory - As of the week of August 14, the total inventory of corn starch in the main production areas was 941,500 tons, an increase of 17,400 tons (1.88% from the previous period and 2.87% from the same period last year). The weak market confidence and sluggish downstream demand led to the increase in inventory [5] Market Trend - The futures market is temporarily weak. With the approaching new - season corn harvest, the planting cost decrease has pushed down the far - month price center of the futures market, showing a pattern of near - strong and far - weak. The spot market has light trading, and the corn price in the Northeast is slightly weak. The North Port is under heavy warehouse receipt pressure [7]