National Corn Average Price Shows Overall Slight Decline on the 23rd

On the 23rd, the overall national average price of corn slightly declined, with some areas experiencing minor fluctuations and a slight increase in volatile regions. In major domestic production areas, rising temperatures continue to release stored grains, and enterprise inventories have begun to slightly rebound. Additionally, the enhanced substitution effect of wheat has weakened enterprises’ willingness to purchase at higher prices, constraining the upward movement of corn prices. It is expected that during March, the majority of the time, the spot transaction prices in producing areas will generally remain stable with a slight upward trend. The likelihood of the monthly average price in March continuing to rise compared to the previous month remains relatively high. (Feed Industry Information Network)