玉米系数据日报-20260127

Group 1: Report Industry Investment Rating - No information provided Group 2: Report's Core View - Corn's grain sales progress has exceeded half, while the inventories at ports and in the mid - and downstream are still low. With the downstream replenishment and long - position holders' profit - taking before the Spring Festival, there is a certain risk of a callback in the futures market [7] Group 3: Summary According to the Directory Spot Price Data - For corn spot prices on January 26th, the prices in different regions showed various changes. For example, the flat - hatch price at Jinzhou Port was 2350 yuan with no change, while the flat - hatch price at Bayuquan Port increased by 10 yuan to 2350 yuan. The market price at Shekou Port was 2450 yuan with no change. In different provinces and cities, prices in Heilongjiang, Jilin, Liaoning, Inner Mongolia, Hebei, Henan, and Shandong also had different fluctuations [6] - The spot price of corn starch in Shandong was 2780 yuan with no change, and in Henan it was 2535 yuan. The spot price of wheat in Anhui was 2524 yuan with no change, and in Jiangsu it was 2532 yuan with no change [6] Futures Data - The closing price of the corn main contract was 2293 yuan, a decrease of 7 yuan, and the spread between C03 - 05 was 3. The closing price of the corn starch main contract was 2558 yuan, a decrease of 17 yuan, and the spread between CS03 - 05 was - 59 [6] International Data - The closing price of US corn was 430.75 cents per bushel, the import duty - paid price of US corn was 2106.40 yuan per ton, the US dollar to RMB exchange rate was 6.96, and the estimated profit of importing US corn was 343.60 yuan per ton [6] Spread Data - The spread between starch and corn (continuous main contract) was 265, and the spread between starch and corn in Shandong's spot market was 520 [6] Inventory Data - The corn inventory at northern ports was 133.2 million tons, the domestic - trade corn inventory at Guangdong Port was 49.7 million tons, the foreign - trade corn inventory at Guangdong Port was 26.4 million tons, the deep - processing corn inventory in the Northeast was 210.8 million tons, and the deep - processing corn inventory in North China was 141.0 million tons [6] Market Situation - The current progress of farmers' grain sales has exceeded half. Due to the relatively late Spring Festival this year, the pre - holiday grain sales window is longer, and farmers still have a sentiment of holding out for higher prices. Attention should be paid to farmers' grain - selling mentality and logistics conditions before the Spring Festival. In terms of inventory, the domestic - trade corn inventories at north - south ports are low. Traders buy and sell on a short - term basis, and the channel inventory is low, with a need for restocking. Downstream, feed enterprises maintain a safety inventory and replenish in a rolling manner, and the deep - processing inventory is at a relatively low level compared to the same period [6]