Dalian corn futures have traded lower at the start of this week after prices reached previous highs and failed to attract enough buying interest to make new highs.
Futures remain broadly in an uptrend; but the demand outlook has weakened over the past week as China’s Covid outbreak worsens.
Cash prices were flat across most parts of the country last week with some slight increases in southern Guangdong province.
Prices in northern city Harbin was unchanged for the week at 2,570 ($434 USD/ton), S...