The overall national average price of corn is showing a slight upward trend, with some areas experiencing minor fluctuations.

The national average price of corn across the country showed a slight overall rebound on the first day, with some areas experiencing minor fluctuations, and regions with increased volatility saw slightly more gains than losses. The domestic livestock sector continues to face ongoing losses, with the China Grain Reserves Corporation’s releases ongoing. The substitution effect of wheat and imported grains is gradually becoming evident. Feed companies remain hesitant to build up inventories, and combined with expectations of rice grain auctions, this may further suppress corn consumption. It is predicted that during most of April’s early to mid-month period, the spot trading prices of corn in production areas will mainly remain stable with a slight tendency to weaken. The likelihood of a slowdown in the decline and a gradual return to rising prices in the latter part of the month is expected to increase, due to the decreasing amount of wheat released. The probability that the monthly average price of corn in production areas will stop rising and turn to falling in April is relatively high. (Feed Industry Information Network)