The nationwide average price of corn continued to trend slightly weaker on the 7th.

The national average corn price across the country for the past seven days generally continued to show a weak trend; some local areas kept consolidating, while areas with higher volatility saw a slight increase, resulting in overall more declines than gains. Domestic policy-driven grain sources continued to be released, effectively replenishing market grain supplies. Traders’ willingness to realize profits at higher levels strengthened, shipment timing accelerated, and downstream buyers’ interest remained weak, so the market continued to adjust under weak conditions. It is forecast that during the first and middle parts of April, there is a greater likelihood that for most of the time the spot corn transaction prices in producing areas will mainly follow a trend of being steady with a slight weakness. In the second half of April, the downward momentum may slow, with chances of stabilizing, stopping the fall, and gradually rebounding expected to increase, due to the impact of a step-by-step reduction in the quantity of allocated wheat. Therefore, the probability is relatively high that the producing-area corn monthly average price will shift from stopping the rise and turning to falling on a month-over-month basis. (Feed Industry Information Network)