Recent CBOT corn futures rising continuously, from 6 months for the first time a major break through 400 cents, round numbers, despite two days to correction, but still in the rising trend. Dalian corn not kept pace with the international market despite the recent rally in corn, only in a mild state of its own run, but the author expects interest in all aspects of the influence of multiple factors, with corn future trends likely to further the better.
To good macroeconomic, inflation is expected to strengthen
The first three quarters of China's stable and rapid economic development, better than expected early next year. 22, National Bureau of Statistics released the first three quarters of China's economy grew 7.7%, to achieve the set target of 8% is not a problem. China's PPI index fell 6.5%, which, in September PPI rose 0.6% in the chain.
Should not be overlooked is that China is also constrained by a number of structural factors of economic troubles. The first is the problem of excess production capacity increase, future economic structural adjustment more difficult. The second is the imbalance of international payments due to liquidity pressure. From our situation, short-term trade and direct investment by the dominant pattern of international balance of payments surplus will continue. With exports gradually stabilized, the trade surplus will remain large. With global markets rebound after capital flows faster, weaker dollar lead to the formation of RMB appreciation expectations, a large number of possible return of international capital, which has brought greater challenges of monetary policy. The third in the long term, the gradual accumulation of inflationary pressures in the price downward trend has been checked, deflation is expected to have been significantly alleviated. As the global liquidity conditions are generally very easy, fast growth of domestic money, consumption and investment demand rebounded significantly, international commodity prices continued to rise, inflation is expected to strengthen.
Dollar boosting oil prices, driven up commodities as a whole
As the market optimism on the economic recovery continue to rise, investors gradually abandoned the dollar and instead sought after commodity of all high-risk high-return assets, U.S. dollar against major currencies led to accelerated decline in parity. Australia announced on October 6 0.25% interest rate increase and further fueling the dollar even lower. Meanwhile, the relevant parts of the country to discuss with a basket of currencies instead of U.S. dollars Oil Trading foreign exchange settlement rumors are shaken, resulting in increased wave of dollar selling. The dollar is the key to everything, if the dollar continues to fall, then oil prices is inevitable, which will bring stronger international commodity markets.
Domestic corn spot market slight increase amid stability
Domestic new-crop corn are all listed in the short term focus on increasing supply, which is weaker than the trend caused by Dalian corn outside the direct cause of disc. However, the international corn price increases and inflation expectations have an impact on the domestic spot market is inevitable, but the effect level is not deep.
From the current spot price of view, the market price of corn in Shandong province has risen slightly. Mental increase in farmers reluctant sellers, the premise that local businesses offer a passive recovery. Present deep-processing enterprises in Shandong province in a purchase price in the 0.90-0.92 yuan / kg, up from last week the beginning of 0.02-0.03 yuan / kg, about 16% water. Still strong local demand, Chen volume decreased corn to the individual regional market supply can not meet the needs of enterprises, the price could still rise. Enterprises and traders are on the prop policy high hopes, the rise of bullish attitude. Port, the port of Guangdong rose by 40 yuan / ton. The rest of the flat the previous weekend.
State Reserve to sell, the State Reserve corn Sell Continue, including auction sales of the national inter-provincial transfer library temporary storage of maize 298,300 tons, the actual transaction 8747 tons, the total turnover rate of 2.93%; auction sale of the national interim storage of corn 2,708,300 tons, the actual turnover 243.4 thousand tons, the total turnover rate of 8.99% . State Reserve has lowered the amount sold per week, indicating the formation of the national do not want too much pressure on the market, but also from the side that is not satisfactory at present, the auction has been postponed.
Meat prices fell significantly, corn Feed Demand is not
6-9 months this year, pork prices rebounded slightly, due to diseases such as the South, resulting in a lack of swine to promote pork price rise is not normal. I am China Bags Wholesale writer, reports some information about compact humidifier , humidifier portable.
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