Analysis of China's agricultural product supply and demand situation in December 2020 (CASDE-No.54)

Corn: This month forecasts that China's corn supply and demand data for 2020/21 will remain the same as last month. The current new season corn sales progress is faster than the same period of the previous year. It is expected that the northeast region will have higher temperatures and less precipitation in the later period, which is beneficial to the purchase and sale of the corn market , The effective supply will continue to increase, and the price is expected to stabilize. In terms of consumption, domestic live pigs and reproductive sows continue to resume growth, while the stocks of eggs and poultry are still at a high level, and the demand for feed consumption continues to grow, considering corn substitutes The substantial increase in imports has formed an obvious substitute for corn forage consumption, and the overall corn consumption is basically stable. In the international market, due to the decline in global corn stocks at the end of the period, the price is expected to ...