On the 8th, the national average price of corn generally declined significantly, with some areas experiencing a slight weakening adjustment.

On the 8th, the national average price generally showed a clear downward trend, with some areas experiencing weaker adjustments, and more regions seeing increased fluctuations with overall declines rather than rises. The enthusiasm for grassroots grain sales in major domestic production areas has increased, and phased shipping pressure has risen. The substitution effect of wheat for feed gradually becomes evident. Grain-consuming enterprises’ inventories are recovering, and the demand for replenishment is weakening, leading to a slowdown in price upward momentum. Due to multiple factors offsetting and overlapping, it is more likely that during the first half of April, the overall trend of spot transaction prices for corn in production areas will remain stable with a slight tendency toward weakness. In the second half of the month, the decline will gradually slow down, and the probability of a turnaround from falling to rising will gradually increase. The likelihood of the monthly average price in April stopping its month-on-month increase and slightly decreasing is gradually rising. Attention should be paid to the opening price level after the new season’s wheat is listed. (China Feed Industry Information Network)