Hexun Futures News On March 20-21, the 11th International Oils and Oils Market Advanced Seminar was held at the Beijing Staff Home Hotel. The theme of this seminar is "Looking forward to the situation in 2014, focusing on the oils and oils market" and the main topics Covers in-depth discussions, analysis and forecasts on the world's macroeconomic situation, the global oil and oilseeds market, and international oils and oils industry policy, production, and trade. Hexun Futures will bring you a live broadcast of the whole process.

Zhu Yongsheng, assistant general manager of risk control of COFCO Biochemical Division, conducted an in-depth analysis and outlook on the current situation of China's corn market and corn deep processing market.

Zhu Yongsheng said that from an overall point of view, the current global corn stocks are still at a relatively low level. In the past year, my country's corn import prices have been very advantageous. The amount of imported corn accounts for a small proportion of domestic production. "The Chinese corn market is more a domestic matter."

From the perspective of supply and demand in the domestic corn market, the overall balance is more than adequate, but the structure is not yet balanced. Although my country's corn demand remains unchanged, with the substantial increase in output, the overall situation is still oversupply.

Zhu Yongsheng introduced in detail the status and significance of corn deep processing which is closely related to daily life. He said that the current status of corn deep processing in my country is not optimistic. Three consecutive years of losses have caused the industry to face a reshuffle, and the operating rate has been at a historical low. Zhu Yongsheng believes that although the industry is currently sluggish, given the extensive use of corn deep processing in daily life, the future of the industry is still full of hope.