Changshu starch manufacturers can reasonably expect that supply and demand in the later period is expected to continue to improve. First, the deep processing enterprises in Northeast China are expected to resume full state after shutdown; secondly, according to the laws of previous years, because North China corn market is listed earlier than Northeast China, North China-Northeast corn The spread has narrowed after September and has remained relatively low before the end of the year. At present, there is a huge spot production profit in North China, which may drive the industry's operating rate to continue to rise; again, before and after the new crop is launched, there are still some New/reproduction capacity is put into operation.

Trading suggestion: The overall bearish, investors are advised to continue to hold the January starch empty sheet or starch-corn spread arbitrage combination, a small amount of September contract starch-corn spread.

Risk factors: national market policy, environmental policy and subsidy policy.