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玉米:偏弱运行
Guo Tai Jun An Qi Huo·2025-08-20 02:31

Report Industry Investment Rating - The industry investment rating for corn is "Weak operation" [3] Core Viewpoint - Corn is expected to run weakly, with a trend strength of 0, indicating a neutral to slightly bearish outlook [3][4] Summary by Relevant Catalogs Corn Fundamental Data - Spot Prices: Northeast acquisition average price and North China acquisition average price are not available; Jinzhou closing price is 2,310 yuan/ton; Guangdong Shekou price is 2,400 yuan/ton; Shandong corn starch price is 2,840 yuan/ton, all with no price change [1] - Futures Prices: C2509 closed at 2,242 yuan/ton yesterday, down 1.10%, and 2,236 yuan/ton in the night session, down 0.27%; C2511 closed at 2,170 yuan/ton yesterday, down 0.60%, and 2,165 yuan/ton in the night session, down 0.23% [1] - Trading Volume and Open Interest: C2509 trading volume was 124,972 lots yesterday, a decrease of 54,590 lots, and open interest was 257,404 lots, a decrease of 59,163 lots; C2511 trading volume was 353,719 lots yesterday, a decrease of 110,167 lots, and open interest was 925,944 lots, an increase of 29,682 lots; The entire corn market trading volume was 614,735 lots yesterday, a decrease of 203,317 lots, and open interest was 1,766,482 lots, a decrease of 4,839 lots [1] - Warehouse Receipts: The entire corn market had 113,481 warehouse receipts yesterday, a decrease of 16,946 lots [1] - Price Spreads: The main 11 - basis was 140 yuan/ton, and the 09 - 11 inter - period spread was 72 yuan/ton [1] Macro and Industry News - Northern Corn Port Prices: Northern corn port prices (listed) are 2,250 - 2,260 yuan/ton (14.5% moisture), down 20 yuan/ton from yesterday; container port prices are 2,300 - 2,350 yuan/ton [2] - Guangdong Shekou Prices: Guangdong Shekou bulk carrier prices are 2,370 - 2,390 yuan/ton, and container quotes are 2,450 - 2,470 yuan/ton, down 10 - 20 yuan/ton from yesterday [2] - Northeast Enterprise Prices: Northeast enterprise corn prices are weakly operating. Heilongjiang deep - processing dry grain acquisition prices are 2,200 - 2,270 yuan/ton; Jilin deep - processing corn mainstream acquisition prices are 2,200 - 2,260 yuan/ton; Inner Mongolia deep - processing corn mainstream acquisition prices are 2,280 - 2,360 yuan/ton [2] - North China Prices: North China corn prices rebounded slightly. Shandong deep - processing prices are 2,450 - 2,560 yuan/ton, ordinary livestock and poultry feed corn prices are 2,450 - 2,470 yuan/ton, pig feed corn prices are 2,470 - 2,500 yuan/ton; Henan prices are 2,450 - 2,550 yuan/ton; Hebei prices are 2,440 - 2,500 yuan/ton [2] - Imported Grains: Argentine sorghum (bulk) in Guangdong for September - October shipment is quoted at 2,120 yuan/ton; Australian sorghum for September shipment is quoted at 2,430 yuan/ton (limited quantity); Imported barley for October - November shipment is pre - sold at 2,100 - 2,150 yuan/ton; Imported barley for December - January shipment is pre - sold at 2,040 - 2,090 yuan/ton; Feed wheat for September delivery is priced at 2,510 yuan/ton [2]