China's Corn Market Dives Amid Quality Issues

National corn prices in China continued their downward trend last week due to quality issues with some batches. The market saw sluggish trading activity, with both deep-processing plants and feed mills showing limited purchasing interest. Despite offers from traders, transaction volumes remained moderate.

With time running out before new-crop corn hits the market, supply in Northeast China appears relatively ample. As a result, analysts predict that a notable market improvement is unlikely in the short term.