Operation of domestic corn market in 2023 and market outlook in 2024
In 2023,the domestic corn production area,per unit yield and total output increased,the number of corn imports in-creased,and the structure of corn importing countries changed greatly.With the opening of Brazils corn import channel to Chi-na,China's corn import sources will be more diversified,effectively ensuring the stable supply of domestic corn.Domestic corn feed consumption achieved structural growth,feed consumption continued to grow,and industrial consumption declined.In 2023,domestic corn prices showed a downward trend.Influenced by macro policies and climate factors,the influencing factors of corn market in the future are still complicated.It is expected that the center of gravity of corn price will continue to move down in the first half of 2024,but the rhythm may show a trend of high before and then low.It is expected that corn price may start a new round of rising market in the second half of the year.
cornsupply and demand situationconsumptionpricemarket outlook