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卓创资讯:Market bullish sentiment is strong, and Northeast corn prices continue to rise in March.
In March, corn prices in the Northeast production area surged strongly. According to monitoring data from Zhuochuang Information, as of March 25, the average corn price in the Northeast production area was 2270 yuan/ton, with a month-on-month increase of 2.86% and a year-on-year increase of 8.72%. The main reasons are that grassroots levels are holding back sales to maintain prices, procurement costs in the trade sector continue to rise, and the situation in the Middle East is boosting market bullish sentiment. With the introduction of policy grains like wheat for market support, supplementing market supply, and rising freight costs restricting the outflow of Northeast grain sources, market transaction volume remains low. It is expected that corn prices in the Northeast production area will slightly decline in late March. (Zhuochuang Information)