Summary
Corn prices eased slightly in May due to a combination of newly harvested wheat, sprouted wheat flowing into the feed market, and the start of auctions of old rice stocks to feed mills.
Cash and Futures
In April, corn futures hit their highest level since July 2024, but after markets reopened following the May holiday, prices fell 5.8% before finding support at 2300 yuan per ton.
Cash prices were mixed to generally lower over the past month. Heilongjiang was higher by 15 yuan per ton, Sh...