玉米：短期偏强

Report Industry Investment Rating - The investment rating for the corn industry is "Short - term bullish" [1] Core View - The corn market shows a short - term upward trend, with the trend strength at 0, indicating a neutral - to - bullish state [1][5] Summary by Related Catalogs Fundamental Tracking - Spot Prices: The Jinzhou closing price is 2,140 yuan/ton with no change; the Guangdong Shekou price is 2,250 yuan/ton, up 10 yuan; the Shandong corn starch price is 2,770 yuan/ton with no change [1] - Futures Prices: C2601 closed at 2,154 yuan/ton yesterday, up 0.75%, and 2,156 yuan/ton in the night session, up 0.09%; C2603 closed at 2,183 yuan/ton yesterday, up 0.88%, and 2,186 yuan/ton in the night session, up 0.14% [1] - Trading Volume and Open Interest: For C2601, yesterday's trading volume was 566,057 lots, an increase of 174,262 lots, and open interest was 970,616 lots, an increase of 34,867 lots; for C2603, yesterday's trading volume was 143,300 lots, an increase of 76,545 lots, and open interest was 450,090 lots, an increase of 1,019 lots. The total trading volume of the corn market was 763,993 lots, an increase of 256,063 lots, and total open interest was 1,820,782 lots, an increase of 33,509 lots [1] - Warehouse Receipts: The total warehouse receipts of the corn market were 66,351 lots with no change [1] - Price Spreads: The main 01 basis was - 14 yuan/ton, and the 01 - 03 inter - period spread was - 29 yuan/ton [1] Macro and Industry News - Northern corn bulk shipping port - collection prices are 2,100 - 2,120 yuan/ton, down 10 yuan; containerized first - class grain port - collection prices are 2,140 - 2,210 yuan/ton. In Guangdong Shekou, bulk shipping prices are 2,230 - 2,250 yuan/ton, up 10 yuan, and container quotes are 2,270 - 2,290 yuan/ton, unchanged. Northeast deep - processing corn prices have mixed changes, with the mainstream purchase prices of wet grain in Heilongjiang and Jilin at 1,960 - 2,060 yuan/ton, and the mainstream feed corn prices at 2,080 - 2,160 yuan/ton. North China corn prices have limited fluctuations, with the mainstream purchase prices of deep - processing enterprises at 2,150 - 2,250 yuan/ton (including wet grain within 18% moisture), and the purchase prices of local grain by feed enterprises at 2,280 - 2,320 yuan/ton. The price of imported Australian sorghum for November - December shipments in Guangdong is 2,400 yuan/ton, and the price of Argentine sorghum is 2,120 yuan/ton. The pre - sale price of imported barley for self - pick - up from January 2026 to March 2027 is 2,000 yuan/ton [2] Trend Strength - The trend strength of corn is 0, within the range of [- 2, 2], indicating a neutral - to - bullish state [5]