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National corn prices show regional differentiation between production and marketing areas
Prices in the Northeast have been trading weakly; port inventories are increasing, and prices paid for deep-processed purchases have fallen. In North China, supply is relatively ample; traders are more willing to ship out, and prices remain mostly steady with a slight downward bias. Feed companies in the sales regions are topping up inventories to meet immediate demand, but due to the impact of wheat substitution, market transactions are lackluster. In the short term, prices are expected to move within a narrow range. (My Steel Net)