The raw corn market "grows strongly"

This year’s northeast new season corn suffered three consecutive typhoons. Large-scale lodging caused difficulty in corn harvesting. The slow progress of new corn listing and strong market expectations. Downstream companies raised prices to grab grain. Upstream growers were reluctant to sell. The corn market rose in October. , As of October 19, the domestic average price of corn was 2387 yuan/ton, up 5.74% month-on-month and 31.36% year-on-year. The price of corn starch rose from 2,220 yuan per ton at the beginning of this year to 2,900 yuan per ton this week, an increase of more than 30%. At the same time, the rapid rise has increased the market's risk of callback, but the price remains high. Recently, the price of raw materials has risen and it is difficult to purchase, and the cost pressure of downstream deep processing enterprises has increased greatly. They have followed up quickly and raised their quotations

Domestic pig production capacity continues to recover

Domestic demand is increasing. Recently, a spokesperson for the National Bureau of Statistics said that by the end of the third quarter, the number of live pigs was 37.39 million, a year-on-year increase of 20.7%; among them, the number of breeding sows was 38.22 million, an increase of 28.0%. The data released by the Feed Industry Association can also see the continuous recovery of pig production capacity. In September, the pig feed output was 8.61 million tons, an increase of 14.8% from the previous month and a year-on-year increase of 53.7%. In the past 9 months, the monthly pig feed output has increased month-on-month except for January and May; and it has increased year-on-year for 4 consecutive months since June. Demand in foreign regions was weak, the new crown epidemic in Europe and the United States rebounded twice, and the economy shrank again in the fourth quarter, forming a second dip.

To sum up: domestic demand is increasing, foreign demand is weak, the price of corn in the early stage is high, the export volume of amino acid is narrowing, some lysine and threonine companies are in a loss-making area, reducing the operating rate and destocking. The corn market soared in October. The amino acid and threonine production companies have difficulty in harvesting grain, the operating rate is low, the cost pressure is more prominent, the price attitude is strong, the market is supported by strong operation, follow-up needs to pay attention to the corn market and the changes in the operating rate of manufacturers.