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Northeast China corn prices rallied about 100 yuan over ten days before reversing as grassroots selling increased and Dalian futures pulled back to around 2,187 yuan. Several processors in Jilin and Liaoning cut bids by 10-20 yuan, while Heilongjiang mills still raised prices.
US corn and soybean forecasts were cut in the USDA report, but weak export demand and a Brazilian planting pace of 51.2% weighed on prices.
Rising grassroots supply and weaker futures signal near-term downside for Chinese corn, while USDA cuts to US supply and higher South American exports offset each other. Feed buyers should expect softer domestic corn bids unless the pace of farmer selling slows.
finance.sina.com.cnNov 15, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
