Core Viewpoint - The corn market is showing resilience against expected price declines due to slow new grain listings caused by continuous rainy weather and strong downstream demand [1] Group 1: Market Conditions - As of September 26, the national average corn price is 2300.81 yuan/ton, down 0.17 yuan/ton from the previous working day, with a month-on-month increase of 0.10% and a year-on-year increase of 10.25% [1] - Continuous rainy weather has negatively impacted both the listing process and quality of new corn, leading to a slower supply in the market [1] Group 2: Supply and Demand Dynamics - The supply of corn in the North China market is lower than the same period last year, with strong support for prices due to limited old grain stocks among traders [1] - As of September 26, corn inventory at six northern ports has decreased to 1.488 million tons, down from 1.981 million tons last year, representing a reduction of 493,000 tons or 24.89% [1] Group 3: Industry Trends - The corn starch industry has seen a slight increase in operating rates, with the operating load at 58.09% as of September 25, up 0.26 percentage points from the previous week [1] - The short-term supply-demand mismatch is expected to persist, but with anticipated increases in corn supply from Shandong and Hebei in October, prices may face downward pressure [1]