Last week, Sinograin held 22 corn auctions with a listed volume of 203k tons. 103k tons, or 51%, were purchased.
Sinograin held only 3 rounds of procurement, with a target volume of 38k tons. 34k tons, or 90%, were purchased. This was the lowest volume of the year and followed several months of relatively large purchases.
Sinograin has also started bidding for corn from the upcoming harvest, and the prices have been weaker than the market expected, due to increased planted area and generally pos...