Will Hot, Dry Weather Make China Become a Big Buyer of U.S. Corn?

July 11, 2017 01:20 PM
 
 

Hot and dry conditions in the western Corn Belt are being mirrored half a world away in the farm communities in China.

Andy Shissler of S&W Trading was recently in Beijing where temperatures soared past 100 degrees nearly every day of his visit. He told AgDay host Clinton Griffiths he wonders where they’re going to see their yield numbers.

“In about 30 days, which will be around their pollination, if it’s still hot, I think all our dynamics could change quite a bit out there,” said Shissler. “They’ll be a buyer of corn if this crop comes in a little bit short.”

He believes the super power will continue to buy large amounts of U.S. soybeans when they can front load while prices are low.

Hear the different changes China is making to their agriculture policies and what it could mean in the long term on AgDay above.

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