Group 1: Report Core View - The corn market has seen a short - term correction, but the supply - demand tight pattern remains unchanged. The futures market has declined, and the basis has strengthened. The market outlook is affected by factors such as CBOT corn price, wheat price, and corn starch inventory [2][6] Group 2: Corn Market Review Spot Market - As of May 16, the national average corn price was 2374.90 yuan/ton, up 11 yuan/ton from the previous week. The selling progress of farmers in 13 provinces and 7 major producing provinces was 97%, 3% and 4% faster than the same period last year respectively [1] Futures Market - In the week of May 16, the futures market declined. The main contract (C2507) had a high of 2380 yuan/ton, a low of 2333 yuan/ton, and a closing price of 2335 yuan/ton. The basis of the main corn C2507 contract on May 16 was - 25 yuan/ton, strengthening from - 65 yuan/ton on May 9 [2] Group 3: Corn Market Outlook CBOT Corn - In the week of May 16, CBOT corn futures fell 1.39%. Warm and dry weather in the past two weeks accelerated sowing, and future cool and rainy weather will promote crop growth. Export demand provides some support [3] Wheat Price and Corn Auction - Wheat prices rose, and imported corn auctions stopped. As of the week of May 16, the corn procurement transaction rate was 70.50%, up 70.50% from last week; the sales transaction rate was 95.59%, down 4.41% from last week; the two - way transaction rate was 84.03%, down 15.97% from last week. The national average wheat price was 2472 yuan/ton as of May 15 [4] Corn Starch Inventory - As of the week of May 15, the total inventory of corn starch in the main producing areas was 1012600 tons, down 17200 tons (1.67%) from the previous period, and up 1.58% from the same period last year [5] Short - term Correction - The supply - demand tight pattern of corn remains unchanged. Traders' shipments have increased, but the actual shipment situation is average. The arrival volume at deep - processing enterprises remains high, and the enterprise price has been slightly reduced. The futures price has corrected, and the basis has strengthened [6]