Report Summary 1. Report Industry Investment Rating - Not mentioned in the provided content 2. Core Viewpoints of the Report - The report presents a comprehensive overview of the weekly price - volume data of various commodity futures, including precious metals, non - ferrous metals, black metals, energy and chemicals, agricultural products, livestock products, and financial futures, as well as their year - to - date price changes and持仓量 and capital flow information [1][2][3] 3. Summary by Relevant Categories 3.1 Weekly Futures Price - Volume Overview - **Precious Metals**: Gold closed at 1,016.30 with a weekly increase of 3.71%, 20 - day annualized volatility of 13.43%, and a volatility change of 13.75%. Silver closed at 18,319.00 with a weekly increase of 19.14%, 20 - day annualized volatility of 43.50%, and a volatility change of 33.41% [2] - **Non - ferrous Metals**: Copper closed at 98,720.00 with a 5.95% weekly increase; nickel at 126,750.00 with a 7.91% increase; aluminum at 22,405.00 with a 0.99% increase; tin at 338,550.00 with a 1.58% decrease; zinc at 23,170.00 with a 0.41% increase; lead at 17,555.00 with a 4.00% increase; industrial silicon at 8,880.00 with a 2.19% increase [2] - **Black Metals**: Coke closed at 1,720.00 with a 1.15% decrease; coking coal at 1,115.50 with a 0.68% increase; iron ore at 783.00 with a 0.38% increase; rebar at 3,118.00 with a 0.03% decrease; hot - rolled coil at 3,283.00 with a 0.43% increase; ferrosilicon at 5,672.00 with a 0.57% increase; silicomanganese at 5,840.00 with a 0.55% increase; stainless steel at 12,955.00 with a 1.85% increase [2] - **Energy and Chemicals**: Crude oil closed at 441.80 with a 3.56% increase; fuel oil at 2,491.00 with a 4.23% increase; LU at 3,017.00 with a 3.53% increase; LPG at 4,080.00 with a 0.46% decrease; asphalt at 2,995.00 with a 2.96% increase; PVC at 4,832.00 with a 3.87% increase; polyethylene at 6,465.00 with a 2.29% increase; polypropylene at 6,292.00 with a 1.27% increase; styrene at 6,787.00 with a 6.01% increase; PTA at 5,280.00 with an 8.15% increase; ethylene glycol at 3,846.00 with a 2.89% increase; short - fiber at 6,666.00 with a 5.94% increase; methanol at 2,161.00 with a 0.61% increase; urea at 1,735.00 with a 2.24% increase; glass at 1,057.00 with a 1.54% increase; soda ash at 1,200.00 with a 2.04% increase; natural rubber at 15,780.00 with a 3.88% increase [2] - **Agricultural Products**: Cotton closed at 14,535.00 with a 3.71% increase; sugar at 5,285.00 with a 3.87% increase; corn at 2,222.00 with a 1.37% increase; apple at 9,247.00 with a 0.52% increase; starch at 2,514.00 with a 0.88% increase; soybean No. 1 at 4,128.00 with a 1.08% increase; soybean No. 2 at 3,491.00 with a 2.26% increase; soybean meal at 2,790.00 with a 2.01% increase; soybean oil at 7,836.00 with a 1.61% increase; palm oil at 8,568.00 with a 3.33% increase; rapeseed meal at 2,391.00 with a 2.93% increase; rapeseed oil at 9,046.00 with a 3.45% increase; pulp at 5,630.00 with a 2.25% increase [2] - **Livestock Products**: Egg closed at 2,957.00 with a 2.46% increase; live pig at 11,645.00 with a 2.83% increase [2] - **Financial Futures**: IC closed at 7,388.00 with a 4.71% increase; IF at 4,638.40 with a 2.46% increase; IM at 7,472.40 with a 4.63% increase; IH at 3,051.40 with a 1.50% increase; T at 108.30 with a 0.14% increase; TS at 102.55 with a 0.06% increase; TF at 106.05 with a 0.08% increase [3] 3.2 Year - to - Date Price Changes - Silver had a year - to - date increase of 145.23%, gold 64.56%, and tin 38.26%. Some commodities had significant year - to - date decreases, such as PVC with a 20.95% decrease and LPG with a 25.11% decrease [13] 3.3 Position and Capital Flow - **Position Changes**: The positions of coke, PTA, lead, urea, and soybean No. 1 increased significantly [15][16] - **Capital Flow**: The capital attention of silver, gold, copper, nickel, and PTA increased [17]

2025 年 12 月 17 日星期三 重庆市江北区金沙门路 32 号 23 层； 023-67071029 上海市浦东新区世纪大道 210 号 10 楼 1001； 021-61101854 地址： 电话： 1 市场有风险 投资需谨慎 | | | | 铅： | | 15 | | --- | --- | --- | | 锡： | | 15 | | 镍： | | 16 | | 豆油、豆粕： | | 16 | | 棕榈油： | | 17 | | 菜粕、菜油： | | 17 | | 棉花： | | 18 | | 白糖： | | 19 | | 苹果： | | 20 | | 生猪： | | 21 | | 鸡蛋： | | 21 | | 玉米&淀粉： | | 22 | | 免责声明 | | 24 | 国债： 上一交易日，国债期货收盘表现分化，30 年期主力合约跌 0.19%报 111.390 元， 10 年期主力合约涨 0.05%报 107.905 元，5 年期主力合约涨 0.03%报 105.795 元，2 年 期主力合约跌 0.02%报 102.426 元。 美国 11 月季调后非农就业人口增 6.4 万人，预期增 5 ...

Report Industry Investment Rating - Not provided in the content Core Viewpoints - The report presents a comprehensive overview of the weekly price and volume data of various futures, including precious metals, non-ferrous metals, black metals, energy and chemical products, agricultural products, financial futures, etc., and shows the year-to-date price changes and the changes in average daily open interest and precipitation funds [2][4][12] Summary by Relevant Catalogs Weekly Futures Price and Volume Overview - **Precious Metals**: Gold closed at 970.66 with a 1.00% weekly increase, 20 - day annualized volatility of 16.59%, volatility change of -9.40%, speculation degree of 1.31, trend degree of 0.03, and capital change of 47.37; Silver closed at 14,892.00 with an 8.80% weekly increase, 20 - day annualized volatility of 37.70%, volatility change of 3.90%, speculation degree of 3.97, trend degree of 0.30, and capital change of 43.39 [2] - **Non - Ferrous Metals**: Copper, nickel, aluminum, tin, zinc, lead, and industrial silicon showed different price changes, volatilities, speculation degrees, trend degrees, and capital changes. For example, copper closed at 94,080.00 with a 1.40% weekly increase, 20 - day annualized volatility of 16.71%, volatility change of 22.77%, speculation degree of 0.81, trend degree of 0.08, and capital change of -14.36 [2] - **Black Metals**: Products such as rebar, iron ore, coke, coking coal, hot - rolled coil, ferrosilicon, silicomanganese, and stainless steel had their own price trends, volatilities, etc. For instance, rebar closed at 3,060.00 with a 3.07% weekly decrease, 20 - day annualized volatility of 13.01%, volatility change of 44.45%, speculation degree of 0.83, trend degree of -0.47, and capital change of -12.59 [2] - **Energy and Chemical Products**: Crude oil, fuel oil, LPG, asphalt, PVC, polyethylene, etc. all had corresponding price fluctuations and other data. For example, crude oil closed at 437.60 with a 3.55% weekly decrease, 20 - day annualized volatility of 16.94%, volatility change of -19.12%, speculation degree of 2.26, trend degree of -0.28, and capital change of -5.72 [2] - **Agricultural Products**: Cotton, sugar, corn, soybeans, etc. showed different performance. For example, cotton closed at 13,835.00 with a 0.62% weekly increase, 20 - day annualized volatility of 5.63%, volatility change of -2.35%, speculation degree of 0.54, trend degree of 0.01, and capital change of 9.83 [2] - **Financial Futures**: IC, IF, IM, IH, T, TS, TF had their respective prices, weekly changes, volatilities, etc. For example, IC closed at 7,174.00 with a 1.28% weekly increase, 20 - day annualized volatility of 17.37%, volatility change of -5.33%, speculation degree of 0.63, trend degree of 0.07, and capital change of 23.50 [4] Year - to - Date Price Changes - Different futures products had varying year - to - date price changes. For example, silver had a 99.36% increase, while glass had a 28.80% decrease [13] Changes in Average Daily Open Interest - The average daily open interest of products such as cotton yarn, rapeseed meal, asphalt, soybean oil, and live pigs had relatively large increases [15] Changes in Precipitation Funds - Gold, silver, tin, and cotton had increased capital attention, with corresponding changes in precipitation funds [16][17]

2025 年 12 月 4 日星期四 重庆市江北区金沙门路 32 号 23 层； 023-63638617 上海市浦东新区世纪大道 210 号 10 楼 1001； 地址： 电话： 1 市场有风险 投资需谨慎 | | | | 铅： | | 15 | | --- | --- | --- | | 锡： | | 15 | | 镍： | | 16 | | 豆油、豆粕： | | 16 | | 棕榈油： | | 17 | | 菜粕、菜油： | | 18 | | 棉花： | | 18 | | 白糖： | | 19 | | 苹果： | | 20 | | 生猪： | | 21 | | 鸡蛋： | | 21 | | 玉米&淀粉： | | 22 | | 免责声明 | | 24 | 国债： 上一交易日，国债期货收盘多数上涨，30 年期主力合约跌 0.26%报 113.610 元， 10 年期主力合约涨 0.06%报 108.040 元，5 年期主力合约涨 0.07%报 105.850 元，2 年 期主力合约涨 0.03%报 102.420 元。 公开市场方面，央行公告称，12 月 3 日以固定利率、数量招标方式开展了 793 亿 元 ...

Group 1: Report Industry Investment Rating - No relevant content found Group 2: Core Viewpoints of the Report - The report provides a comprehensive overview of the weekly price - volume data of various futures, including precious metals, non - ferrous metals, black metals, energy and chemical products, agricultural products, livestock products, and financial futures, as well as their year - to - date price changes [2][3] Group 3: Summary by Related Catalogs 1. Weekly Futures Price - Volume Overview - **Precious Metals**: Gold closed at 953.92 with a weekly increase of 2.91%, 20 - day annualized volatility of 18.13% (down 17.26%); Silver closed at 12,727.00 with a weekly increase of 8.96%, 20 - day annualized volatility of 34.29% (down 3.88%) [2] - **Non - ferrous Metals**: Copper closed at 87,430.00 with a 2.07% weekly increase; Nickel at 117,080.00 with a 2.66% increase; Aluminum at 21,610.00 with a 1.27% increase, etc [2] - **Black Metals**: Coke closed at 1,574.50 with a 2.48% weekly decrease; Coking coal at 1,067.00 with a 3.26% decrease; Iron ore at 794.00 with a 1.08% increase [2] - **Energy and Chemical Products**: Crude oil closed at 453.90 with a 1.45% weekly increase; Methanol at 2,135.00 with a 6.54% increase; LU at 3,038.00 with a 1.36% decrease [2] - **Agricultural Products**: Corn closed at 2,244.00 with a 2.23% weekly increase; Cotton at 13,725.00 with a 1.97% increase; Sugar at 5,400.00 with a 0.88% increase [2] - **Livestock Products**: Eggs closed at 3,293.00 with a 3.42% weekly increase; Hogs at 11,465.00 with a 1.01% increase [2] - **Financial Futures**: IC closed at 6,974.20 with a 3.02% weekly increase; IF at 4,505.80 with a 1.75% increase; T at 107.94 with a 0.28% decrease [3] 2. Year - to - Date Price Changes - Silver had the highest year - to - date increase of 70.37%, followed by gold at 54.46%, while some products like 20 - day rubber had a year - to - date decrease of 24.80% [13] 3. Other Observations - LPG, gold, rapeseed, tin, and zinc had significant increases in weekly average open interest [15][17] - Silver, gold, copper, tin, and corn attracted more capital attention as indicated by the change in weekly settled funds [16]

Group 1 - The domestic futures market showed mixed results on November 21, with the main contracts experiencing varying degrees of price changes [1] - Lithium carbonate saw a significant decline of over 8%, while silver futures dropped more than 3% [1] - Other commodities such as red dates, low-sulfur fuel oil, the shipping index (European line), glass, industrial silicon, and SC crude oil all fell by more than 2% [1] Group 2 - On the positive side, starch prices increased by over 1%, and corn prices rose nearly 1% [1]

Report Information - Report Name: Nanhua Futures Corn & Starch Industry Daily Report - Date: November 05, 2025 - Analyst: Dai Hongxu (Investment Consulting License No.: Z0021819) - Investment Consulting Business Qualification: CSRC License [2011] No. 1290 [1] Investment Rating - No investment rating information is provided in the report. Core Views - After entering November, the selling pressure of moist corn in domestic corn - producing areas began to weaken. In North China, the selling pressure was released after the "fire - sale" of moist corn. In Northeast China, after the peak of centralized harvest and listing, the selling pressure eased with the drop in temperature. The overall grass - roots in the producing areas were more reluctant to sell, and the purchasing end raised prices to increase purchases, leading to a short - term rebound in corn prices. After the first peak of selling pressure of new grain listing, the resilience of corn prices has strengthened, and the subsequent price pressure has eased as it turns into a phased release of selling pressure. On Tuesday, the upward trend of the corn futures market paused. The main 01 contract closed at 2135 yuan, with significantly reduced trading volume, slightly increased open interest, and the registered warehouse receipts increased to 66,351 lots. Starch futures followed corn and closed lower. The main 01 contract closed at 2444 yuan, with decreased trading volume and slightly reduced open interest. On Tuesday, CBOT corn futures closed lower following the decline of soybeans. StoneX raised its forecast of US corn yield per acre by 10 bushels to 186.0 bushels per acre, which weighed on prices [2]. Summary by Related Catalogs Core Contradictions - The selling pressure of moist corn in domestic corn - producing areas has weakened, and the grass - roots are reluctant to sell. The purchasing end raises prices, leading to a short - term rebound in corn prices. After the first peak of selling pressure of new grain listing, the price pressure eases. The corn and starch futures markets closed lower on Tuesday, and CBOT corn futures also declined [2]. Bullish Factors - The selling pressure has become more dispersed, and the urgency to sell grain has decreased, alleviating price pressure. The state - reserve purchase in Northeast China has significantly supported prices, limiting price declines. The unconfirmed news of wheat auctions in November has increased the bullish sentiment in the market [5]. Bearish Factors - The weak operation of hog prices and the industry's capacity adjustment may affect the long - term feed demand for corn. However, the high inventory in the fourth quarter and the current entry of second - fattening pigs still support the feed demand at a relatively good level. From mid - to early November, the late - harvested corn will still be harvested and listed, and the selling pressure needs to be released in a phased and concentrated manner, which restricts the continuous upward momentum of prices. Chinese importers have inquired about wheat cargoes and plan to load them from the end of this year to February next year. The resumption of grain imports will increase the pressure on domestic corn, and the purchase volume should be monitored [3]. Price Range Forecast | Commodity | Price Range Forecast (Monthly) | Current Volatility | Volatility Percentile | | --- | --- | --- | --- | | Corn | 2050 - 2200 | 9.43% | 54.6% | | Starch | 2350 - 2550 | 10.64% | 42.31% | [3] Spot Price and Main - Contract Basis | Corn | Price & Basis | Change | Corn Starch | Price & Basis | Change | | --- | --- | --- | --- | --- | --- | | Jinzhou Port | 2165 | 0 | Shandong | 2750 | 0 | | Shekou Port | 2250 | 0 | Jilin | 2550 | 0 | | Harbin | 2010 | 0 | Heilongjiang | 2450 | 0 | | Jinzhou Port Main - Contract Basis | 30 | 21 | Shandong Main - Contract Basis | 306 | 9 | [3] Futures Market Prices - Specific price data for different contracts of corn and corn starch on November 03 and 04, 2025, are provided, including prices, changes, and change rates. For example, the corn 11 contract closed at 2129 yuan on November 03 and 2120 yuan on November 04, with a change of - 9 yuan and a change rate of - 0.42% [6]. U.S. Corn Price and Import Profit | | Price | Daily Change | Increase | Import Profit | | --- | --- | --- | --- | --- | | CBOT Corn Main - Contract | 430.75 | - 4 | - 0.92% | | | COBT Soybean Main - Contract | 1120.25 | - 14.25 | - 1.26% | | | CBOT Wheat Main - Contract | 550 | 5.25 | 0.96% | | | U.S. Gulf Port CIF Duty - Paid Price | 2151.26 | 0.92 | 0.04% | 98.74 | | U.S. West Coast CIF Duty - Paid Price | 2035.3 | 0.87 | 0.04% | 214.7 | [30]

Report Summary 1) Report Industry Investment Rating No investment rating information is provided in the report. 2) Core Viewpoints - In November, the corn harvest is gradually ending, and the first - round selling pressure peak of new grain has passed. Corn prices first declined and then rebounded, showing stronger resilience. The performance varies by region: the Northeast region is supported by state - reserve purchases, and prices have stabilized after falling in mid - and early - October; the North China region has recovered from the impact of rainfall in October, and prices have risen as the selling pressure has weakened. Recently, the number of trucks arriving in Shandong has decreased, and enterprises have continuously raised purchase prices. The atmosphere in the corn spot market has gradually stabilized, and the selling pressure has become more dispersed, alleviating price pressure. In the past two days, the spot and futures prices of corn have risen in resonance, and the market atmosphere has improved. The starch market has shown a slightly stronger upward trend than the corn market [1]. - There are both positive and negative factors affecting corn prices. Positive factors include the dispersion of selling pressure, support from state - reserve purchases in the Northeast, the比价 effect of rising soybean prices, and the unconfirmed news of wheat auctions in November, which has increased market bullish sentiment. Negative factors include the continuous decline in pig prices and the potential impact on long - term corn feed demand, as well as the potential for concentrated selling pressure when late - harvested corn is listed in mid - and early - November [2][4]. 3) Summary by Relevant Content Price Forecast - The monthly price range forecast for corn is 2050 - 2200 yuan, with a current volatility of 9.47% and a volatility percentile of 55.3%. For starch, the monthly price range forecast is 2350 - 2550 yuan, with a current volatility of 10.58% and a volatility percentile of 42.10% [2]. Spot Price and Basis - Corn spot prices: Jinzhou Port is at 2150 yuan (up 20 yuan), Shekou Port is at 2250 yuan (up 20 yuan), and Harbin is at 2010 yuan (unchanged). Starch spot prices: Shandong is at 2750 yuan (up 10 yuan), Jilin is at 2550 yuan (unchanged), and Heilongjiang is at 2450 yuan (down 10 yuan). The basis of Jinzhou Port's main - continuous contract for corn is 9 yuan (up 9 yuan), and the basis of Shandong's main - continuous contract for starch is 297 yuan (down 3 yuan) [2]. Futures Price Changes - Corn futures: Contracts from 11 to 09 have different degrees of price increases, with the largest increase of 24 yuan (1.14%) in the corn 11 contract and the smallest increase of 0 yuan (0.00%) in the corn 09 contract. Starch futures: Contracts from 11 to 09 also show price increases, with the largest increase of 18 yuan (0.75%) in the corn starch 11 contract and the smallest increase of 6 yuan (0.23%) in the corn starch 07 contract [5]. Seasonal Data - The report presents multiple seasonal data, including corn futures monthly spreads (such as 01 - 05, 11 - 01, 01 - 03, 03 - 05), starch futures monthly spreads (such as 11 - 01, 01 - 03, 03 - 05), the basis of Jinzhou Port's main - continuous contract for corn, the basis of Shandong's main - continuous contract for starch, the difference between starch and corn prices for the 01 contract, the weekly inventory of major deep - processing enterprises in China, the available inventory days of Chinese corn feed enterprises, the closing price of CBOT corn, and the import price and profit of US corn [6][14][28]. International Market Data - In the international market, CBOT corn futures closed slightly higher on Monday, supported by good export inspection data and the continued rise of soybeans. The prices of CBOT corn, soybean, and wheat main - continuous contracts all increased, with the CBOT wheat main - continuous contract having the largest increase of 2.06%. The import prices of US corn from the Gulf of Mexico and the West Coast have also increased slightly, and both have import profits [1][29].

Report Summary 1. Report Industry Investment Rating No information provided in the report about the industry investment rating. 2. Report Core View The report presents the basis data of various commodities as of October 31, 2025, including macro, black, energy - chemical, non - ferrous, and agricultural products, aiming to show the price relationship between spot and futures of different commodities [2][3][4][5]. 3. Summary by Category Macro - IF: Spot price was 4641, down 69. Basis was 9, corresponding to the 2512 contract, with a basis deviation of 0.26 [2]. - IH: Spot price was 3012, down 35. Basis was - 4, corresponding to the 2512 contract, with a basis deviation of - 0.56 [2]. - IC: Spot price was 7331, down 55. Basis was 89, corresponding to the 2512 contract, with a basis deviation of 0.75 [2]. Black - For example, Shanghai's rebar spot price was 3230, unchanged. Basis was 124, corresponding to the 2601 contract, with a basis deviation of 0.48 [3]. - Tianjin Port's coke spot price was 1710, unchanged. Basis was - 67, corresponding to the 2601 contract, with a basis deviation of - 0.45 [3]. Energy - Chemical - Port methanol spot price was 2125, unchanged. Basis was - 55, corresponding to a third - party provided contract, with a basis deviation of - 0.88 [3]. - East China's PTA spot price was 4514, up 16. Basis was - 72, corresponding to a third - party provided contract, with a basis deviation of - 0.68 [3]. Non - Ferrous - Copper spot price was 87540, down 510. Basis was 0, corresponding to a third - party provided contract, with a basis deviation of - 0.26 [4]. - Aluminum spot price was 21280, up 80. Basis was 0, corresponding to a third - party provided contract, with a basis deviation of 0.27 [4]. Agricultural Products - Jiangsu's 43% soybean meal spot price was 2970, up 30. Basis was - 51, corresponding to the 2601 contract, with a basis deviation of - 0.21 [5]. - Jiangsu's first - grade soybean oil spot price was 8460, up 60. Basis was 332, corresponding to the 2601 contract, with a basis deviation of 0.25 [5].

Group 1: Report Overview - The report is the South China Futures Corn & Starch Industry Daily on October 31, 2025, written by Dai Hongxu and research assistant Kang Quangui [1] Group 2: Core Views - New - season corn harvest is nearing completion in October, with grain sales and circulation peaking. After the concentrated listing in October, the bottom of corn prices is emerging, and the current price is in a consolidation phase with limited upward and downward driving forces [2] - Corn prices in major producing areas remained stable yesterday. In the Northeast, state - reserve purchases signaled price support, curbing the selling sentiment of upstream suppliers and weakening the downward price momentum, while downstream buyers were more active. In North China and the Huang - Huai region, prices were also stable. As the low - quality grain affected by precipitation was gradually sold, the price of high - quality corn remained firm. In the sales areas, arrivals increased, but downstream buyers were cautious, mostly purchasing as needed with weak short - term inventory - building intentions, providing limited price support [2] - On Thursday, the corn futures market oscillated weakly. The main 01 contract closed at 2111 yuan, with slightly increased trading volume and open interest, and 63,966 registered warrants. The starch futures market also weakened, with the main 01 contract closing at 2419 yuan [2] Group 3: Influencing Factors Bullish Factors - The first peak of new - season corn listing has passed, and prices are stabilizing [6] - State - reserve purchases in the Northeast have significantly supported prices, limiting price declines [6] - The reduction of high - quality corn in North China will gradually become apparent over time, supporting the expectation of stronger long - term prices [6] Bearish Factors - The pig industry is in the process of capacity regulation, which may affect the long - term feed demand for corn. However, the high inventory in the fourth quarter and the current entry of second - fattening pigs support the feed demand at a relatively good level. Attention should also be paid to whether the news of the wheat directional auction in November will affect corn prices [3] - The supply level remains high in the fourth quarter, and prices are consolidating at a low level [3] - Sino - US negotiations have achieved good progress, and relevant national departments have confirmed that China and the US have reached a consensus on expanding agricultural product trade. Attention should be paid to whether it extends to the corn variety [3] Group 4: Price Forecast and Market Data Price Forecast - The monthly price forecast for corn is in the range of 2050 - 2200 yuan, with a current volatility of 8.82% and a volatility percentile of 23.6%. The monthly price forecast for starch is in the range of 2350 - 2550 yuan, with a current volatility of 9.92% and a volatility percentile of 4.92% [4] Spot Price and Basis - In the corn market, the price at Jinzhou Port is 2130 yuan (down 10 yuan), at Shekou Port is 2250 yuan (unchanged), and in Harbin is 2010 yuan (unchanged). The basis of Jinzhou Port's main - continuous contract is 19 yuan (down 5 yuan). In the corn starch market, the price in Shandong is 2740 yuan (unchanged), in Jilin is 2550 yuan (unchanged), and in Heilongjiang is 2460 yuan (unchanged). The basis of Shandong's main - continuous contract is 321 yuan (up 8 yuan) [4] Futures Price - For corn futures, the 11 - contract price changed from 2101 to 2103 yuan (up 2 yuan, 0.10%), the 01 - contract from 2116 to 2111 yuan (down 5 yuan, - 0.24%), the 03 - contract from 2145 to 2141 yuan (down 4 yuan, - 0.19%), the 05 - contract from 2221 to 2213 yuan (down 8 yuan, - 0.36%), the 07 - contract from 2244 to 2238 yuan (down 6 yuan, - 0.27%), and the 09 - contract remained at 2247 yuan (unchanged). For corn starch futures, the 11 - contract price changed from 2438 to 2431 yuan (down 7 yuan, - 0.29%), the 01 - contract from 2427 to 2419 yuan (down 8 yuan, - 0.33%), the 03 - contract from 2438 to 2429 yuan (down 9 yuan, - 0.37%), the 05 - contract from 2540 to 2530 yuan (down 10 yuan, - 0.39%), the 07 - contract from 2558 to 2548 yuan (down 10 yuan, - 0.39%), and the 09 - contract from 2590 to 2584 yuan (down 6 yuan, - 0.23%). The average wheat price rose from 2500 to 2504 yuan (up 4 yuan, 0.16%) [7] US Corn Market - The price of CBOT corn main - continuous contract was 429.5 (down 5, - 1.15%), COBT soybean main - continuous contract was 1107 (up 13.75, 1.26%), CBOT wheat main - continuous contract was 524.25 (down 9.25, - 1.73%). The duty - paid price at the US Gulf was 2154.54 yuan (up 5.9, 0.27%) with an import profit of 95.46 yuan, and the duty - paid price at the US West Coast was 2032.78 yuan (up 5.91, 0.29%) with an import profit of 217.22 yuan [30]