On June 5, according to the analysis of Everbright Futures, the corn 2307 contract reduced its position and went up, and the futures price rebounded to the integer pressure range of 2650 yuan/ton.
Under the influence of two-way bullish factors, the rise of old wheat and the decline of corn stocks in ports, the corn futures contract led the rise, and the far-month contract followed suit. The corn futures price showed a technical rebound.
Technically, the short-term pressure on the corn July contract is 2,650 yuan, and the far-month contract is under pressure. The pressure range of the July contract is 2,680-2,700 yuan/ton.
During the rebound of corn futures prices, customers with trade stocks can arrange short hedging orders at the technical pressure level.
