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The nationwide average corn price is generally showing a slight weakening trend, with some areas experiencing narrow fluctuations.
On the 30th, the national average corn price overall showed a slight weakening trend; in some areas there was a narrow-range consolidation, and the number of fluctuation areas increased, resulting in more days with declines than with gains overall. The domestic minimum-price wheat auction continues to add incremental supply, further squeezing corn demand. In the second quarter, the arrival volumes of imported barley and sorghum are also expected to increase significantly. Downstream companies’ inventories have risen somewhat; the drive to replenish stocks remains insufficient, and some companies have lowered their purchase prices slightly. It is expected that during most of March, corn spot transaction prices in producing areas are more likely to follow a trend that is generally stable with a somewhat stronger tilt. As the month advances, the odds of price increases slowing down and turning into pullbacks gradually rise due to the pressure from wheat releases. The probability that the March monthly average price will continue to rise month over month remains relatively high. (China Feed Industry Information Network)