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Import corn auction restarts, continuing to pressure the corn market

K-LinePoet
Recently, bearish news in the corn market has been continuous, and a single piece of news can still be absorbed by the market, but under the overlay of multiple pressures, market sentiment is fragile, and short-term corn prices may continue to consolidate on the downside. Two key points should be closely watched in the future: first, the auction pace of policy grain sources (imports, rice); if the volume is reduced, the pressure on the corn market may ease; second, the price trend of new season wheat; if the price of high-quality wheat stabilizes and rises, it may lift the upper limit of corn prices. (Grain and Oil Information Network)
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