On the 4th, the national average price of corn generally continued its weak trend, with a slowdown in the decline in some regions.

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On the 4th, the national average price generally continued its weak trend, with localized areas seeing a slowdown in declines, fewer regions experiencing sharp drops, and overall fewer fluctuations with more declines than rises. Domestic wheat harvest accelerated, new wheat was gradually entering the market, imported grains continued to arrive at ports, and continued bearish pressure on corn prices. Downstream demand was tepid, and purchasing prices for enterprises continued to decline. Multiple factors offset and overlap, making it more likely that during the first half of June, the majority of the time, the spot transaction prices for corn in production areas will remain stable with narrow fluctuations, mainly showing a slight weakening trend. The probability of a halt in decline and a gradual increase in prices in the second half of the month is rising. The chance of the monthly average price in June continuing to decline month-on-month remains relatively high due to the impact of new season wheat market pressure. Attention should be paid to the influence of the opening price level after the new season wheat enters the market on corn price trends, as well as the weather conditions during the harvest period in the main northern wheat-producing areas. (Feed Industry Information Network)
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