The overall national average price of corn remains relatively strong, with some local areas continuing to rise.

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The overall trend of the national average corn price remained relatively strong on the 2nd, with continued increases in some areas and more regions experiencing fluctuations. Overall, more areas saw prices rise than fall. Due to weather impacts in major domestic production areas, grain output at the grassroots level was relatively limited, leading to a noticeable decline in delivery volumes to processing companies and an expansion of the price increase range. Generally, in February, the supply and demand sides still faced relatively high bearish pressures. Aside from the uncertain effects of weather on logistics and transportation, it is more likely that the majority of the early February period will see stable to slightly stronger spot transaction prices in production areas, with a gradually increasing probability of stable to slightly weaker prices in the mid to late February. The chance of the monthly average price continuing to rise month-on-month remains higher. (China Feed Industry Information Network)

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