Chicago Board of Trade (CBOT) corn futures closed higher on Friday as technical buying and short covering. Overnight corn 2405 contract closed up 0.Videopokergamesnodownload.46%. This month the USDA reported that it cut its global corn production forecast for 2023 to 24 to 12 because of declining production in South Africa and Argentina.Videopokergamesnodownload.278.6 billion tons, estimated at 1.23024 billion tons in March, 318.28 million tons at the end of the period, and 319.63 million tons in March. Although production and final inventory have declined slightly, the overall situation is still good, and prices in the international corn market continue to be under pressure. Domestically, with the launch of Henan, Shandong, Shanxi and other placesVideopokergamesnodownloadA series of special reserve increase activities, the bottom support of spot prices is stronger. However, the overall supply is still relatively abundant and spot prices are weakly stable. The surplus grain at the grass-roots level in Northeast China continues to decrease, the enthusiasm of grass-roots growers to sell grain is declining, and most grain sources are transferred to traders, who cherish sales at low prices, slow down the speed of moving goods in the market, and have a cautious mentality in the operation of traders, carrying out only a small amount of shipments. downstream enterprises maintain on-demand procurement, and purchase prices are generally stable. The grass-roots corn surplus grain in Huanghuai producing area of North China is slightly more than the same period last year, the purchasing enthusiasm of feed enterprises is not high, the delivery of corn is less, most of the grain sources go to deep processing enterprises, the arrival of goods at the factory gate of enterprises continues to be high, and the willingness of traders to build warehouses is reduced again, and suppressing prices continue to be weak. In addition, wheat prices have been weak recently, which has restrained the corn market. From a market point of view, the main contract to change positions for months, positions fell sharply, the price of a narrow range of shocks, short-term wait and see.

ResearcherVideopokergamesnodownloadCai Yuehui

Futures qualification number: F0251444

Futures investment consulting certificate number: 20013101

Assistant researcher: Li Qiurong

Futures qualification number: F03101823

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