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Our focus is on harnessing capital, technology, talent, market, and service to drive the advancement and modernization of agriculture. By doing so, we aim to establish thriving farms characterized by advanced industry, pristine environment, and exceptional quality of life. To achieve this vision, we prioritize the promotion and strengthening of scientific and technological collaboration both domestically and internationally.
We actively engage in in-depth discussions and collaboration with partners from around the world. Our initiatives include the establishment of a global food big data center, an international food technology key laboratory, a food technology innovation incubator, and a food trade supply chain financial platform. Through these efforts, we strive to create a global food technology innovation center that serves as a hub for cutting-edge ideas, research, and development in the food industry.
Furthermore, we are committed to comprehensively innovating our service system. By leveraging our global network and expertise, we aim to create an environment conducive to innovation and collaboration in the food industry. Our goal is to become a driving force behind original and groundbreaking advancements that shape the future of the global food industry.
Overall, our company's mission is to leverage capital, technology, talent, market insights, and exemplary service to foster innovation and drive transformation in the food sector. We believe that by creating a conducive ecosystem for collaboration and advancement, we can contribute to the ongoing development and success of the global food industry.
The recent trend in the corn market has been declining, with noticeable differences between the northern and southern ports. In the northern port, prices have experienced a slight decline due to overall market conditions and the entrance of wheat into the market. Negative sentiment has affected shipment activities, but the overall situation remains weak and stable. On the other hand, corn prices in the southern port have been falling continuously. This can be attributed to the lack of activity in corn shipments by downstream enterprises in the south, resulting in high inventory levels at the port. Additionally, recent wet weather has impacted the quality of corn, further contributing to the price decline. As a result, the price difference between the northern and southern ports has widened.
Looking ahead to July, it is expected that the overall trend of port corn will remain weak. The enthusiasm of downstream traders will heavily influence market conditions, and the continued tight demand will put pressure on high port inventories, making it difficult for prices to rise significantly.
As an alternative to corn, wheat has experienced a slight downward trend recently. With the arrival of new wheat in the market, the supply will continue to increase. Some enterprises have shown interest in procuring new wheat, which is expected to boost the wheat market in July and potentially seize market share from corn. This could exert additional pressure on corn prices. The listing of new wheat may also encourage corn traders to ship their stock in the short term. In the medium and long term, corn prices are likely to maintain a high and strong level of volatility, supported by positive factors in the price of substitutes.
Overall, the corn market is facing challenges due to weak demand, high inventories, and the impact of alternative crops like wheat. It is expected that the market will continue to experience pressure in the near future, with limited upward movement in prices.
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