The recent domestic corn market prices will remain weak, or will be further slightly

Corn: On September 19, 2012, the average wholesale price of feed corn in major regions of the country was RMB 2,520/ton, down by 0.23% from the previous week. With the arrival of the autumn crops, the maize market in northeast and north China will experience seasonal pressures. It is expected that the domestic corn market price will remain weak in the near future, or it will further decline slightly. (See Table 1)

Table 1, China's main wholesale corn prices

Unit: Yuan/ton

Jilin Heilongjiang Hebei Liaoning Shandong Henan Henan 2012-8-22 2,420 2,370 2,410 2,510 2,510 2,460 2012-8-29     2,420      2,380     2,380     2,510     2,490     2,430 2012-9-5     2,400      2,380     2,380     2,500     2,460     2,430 2012-9-12     2,400      2,390     2,360     2,500     2,440     2,360 2012-9-19     2,400      2,370     2,360     2,495     2,440     2,360   Sichuan Hunan Guangdong Shanghai Fujian   2012-8-22      2,760     2,730     2,590     2,610     2,650   2012-8-29      2,760     2,730     2,595     2,650     2,650   2012-9-5      2,760     2,730     2,600     2,650     2,670   2012-9-12      2,740     2,700     2,580     2,650     2,670   2012-9-19 2,740 2,670 2,570 2,650 2,670