27

2023

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10

Grain price dynamics


On October 27, according to the daily grain market internal reference news, the national average price of corn market was 2084.69 yuan/ton, slightly lower, the price in northeast China was stable, the price of enterprises in north China rose slightly, the supply side in northeast China was slightly affected by the weather, the demand for deep processing enterprises was replenished as needed, the stock of feed enterprises was sufficient, and the price was expected to be stable in the mainstream with narrow fluctuation. The national average price of wheat market is 2420 yuan/ton, which is slightly lower. The demand of flour enterprises is not strong, the demand of feeding enterprises is weak, the circulation of new grain may recover, the old grain is limited, and the price is expected to be stable. The national average price of rice market is 3802 yuan/ton, which is slightly lower. The supply of rice in the new season in the producing areas is loose. The price of rice is expected to be stable, and some parts may make small profits. The national average price of soybean market is 4282.22 yuan/ton, which is slightly higher. Farmers in northeast China are reluctant to sell it. The surplus grain in Huanghuaihai production area in the south is low. The in stock market is expected to be stable and the transaction is deadlocked.

On October 27, according to the daily grain market internal reference news, the national average price of corn market was 2084.69 yuan/ton, slightly lower, the price in northeast China was stable, the price of enterprises in north China rose slightly, the supply side in northeast China was slightly affected by the weather, the demand for deep processing enterprises was replenished as needed, the stock of feed enterprises was sufficient, and the price was expected to be stable in the mainstream with narrow fluctuation. The national average price of wheat market is 2420 yuan/ton, which is slightly lower. The demand of flour enterprises is not strong, the demand of feeding enterprises is weak, the circulation of new grain may recover, the old grain is limited, and the price is expected to be stable. The national average price of rice market is 3802 yuan/ton, which is slightly lower. The supply of rice in the new season in the producing areas is loose. The price of rice is expected to be stable, and some parts may make small profits. The national average price of soybean market is 4282.22 yuan/ton, which is slightly higher. Farmers in northeast China are reluctant to sell it. The surplus grain in Huanghuaihai production area in the south is low. The in stock market is expected to be stable and the transaction is deadlocked.

Agricultural machinery purchase subsidies to help the development of agricultural machinery

Wuyang County received a total of 24.64 million yuan in subsidies for the purchase of agricultural machinery in 2024, including central and provincial funds. The subsidy policy continues to implement the method of "independent purchase of machines, fixed subsidies, first purchase and then supplement, county-level settlement, and direct subsidy to cards (households)", giving priority to the promotion and application of key machines and tools such as large-scale yield improvement of major crops such as grain and oil, and bringing more qualified advanced and applicable machines and tools into the scope of subsidies. This measure will effectively promote the upgrading and popularization of food and agriculture machinery.

2024-02-06

Futures market performance

On the morning of January 27, 2024, wheat futures closed higher, CBOT-soft red winter wheat 558 rose 2.4,KCBT-hard red winter wheat 558.6 rose 1.6 1.6, MGEX-spring wheat 601.4 rose 5 or 5%, thanks to improved technical buying and demand, while market worries about Black Sea supply weakened.

2024-01-27