Shouchuang Futures: Boosted by short-term market sentiment, corn starch futures surged higher today

Today, the corn starch CS2605 contract surged beyond expectations, currently reaching a high of 2,785 yuan per ton, an increase of over 2%. In March, corn starch prices experienced a rare sharp rise, with North China corn starch breaking through the 3,000 yuan mark, and Northeast China corn starch surpassing 2,750 yuan, hitting the highest levels in nearly two years. The core driver comes from the strong support of raw material corn costs. From the supply and demand perspective of corn starch itself, the restart rate after the New Year has been relatively slow, with limited supply growth. Meanwhile, downstream demand continues to be released, and the demand for substitute cassava starch has increased, further supporting corn starch prices. Conclusion: The rise in crude oil has driven a generally bullish atmosphere for commodities, also providing a short-term boost to the domestic corn and corn starch markets. Capital has flowed into corn starch futures, with long positions increasing and pushing the market higher, but the fundamental support remains limited. Caution is advised. (First Capital Futures)