Corn purchasing and sales in Hebei, Shandong and Henan have largely stalled as farmers store substantial amounts of newly harvested corn. A local trader said buying prices have fallen since October to about 1.05 yuan per jin, while supply is ample and demand is weak; government-led procurement is supporting activity in northeast China but not these provinces.
Weak demand alongside abundant farmer-held supply is pressuring local corn bids and could weigh on regional feed-grain prices if sales remain slow.
Not 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.