Corn prices retreated slightly, soybean meal prices fell

Published 2020년 6월 18일

Tridge summary

The article provides an overview of the agricultural market, focusing on the price trends and supply-demand dynamics of various agricultural commodities such as corn, soybeans, soybean meal, whey powder, lysine, methionine, vitamins A and E, and poultry products like eggs and chickens in China. It highlights the stable prices of corn and soybeans due to strong demand and temporary reserve auctions, but the downward pressure on soybean meal prices due to increased inventory. The article also mentions the impact of the non-crown epidemic on agricultural markets, with factors such as reduced imports, production challenges, and supply-demand imbalances influencing prices. Additionally, it discusses the market trends and forecasts for products like lysine, methionine, vitamins A and E, and poultry products, noting the stabilization of egg prices and the fluctuation in chicken prices. Finally, it touches on the positive developments in African swine fever vaccine trials and the recovery of the meat and poultry market in China, offering insights into the current state and future directions of the agricultural market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Market commentary-Focus on corn The price of corn is slightly stronger today. The high premium brought by the temporary reserve auction has a certain support for the price. Traders' willingness to increase the price is strengthened. The supply is still tight in stages. Today's auction is expected to maintain a high turnover rate. Support the market to maintain a strong trend. Affected by the twice-success rate and high premium rate of temporary reserve corn, the current corn spot continues to remain stable and strong. It is expected that temporary reserve corn will gradually reach the demand terminal around mid-June Therefore, we expect that the tight corn supply situation will gradually ease after mid-June. It is expected that before this, corn prices will generally remain stable and strong, and the possibility of a moderate price correction after mid-June will gradually increase Soybean meal operation tips: The US market closed higher overnight due to improved demand in China. ...
Source: ZG3N

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