Market Analysis
Since last year, China has been importing record volumes of U.S. corn due to a supply shortage and record domestic prices. But U.S. shipments to the Asian country have been slightly disappointing in recent weeks.
USDA’s Chief Economist says the battle for 2021 acreage is on, and it may even bid into specialty crop acres amid strong signals that China plans to continue buying corn and soybeans.
“The trade really wanted to see USDA get more aggressive on increasing corn export demand, especially after all the sales we had seen to China about two weeks ago,”
There is no “bailout” in commodity markets — just risk. It makes me crazy when someone says, “The bulls were bailed out by Chinese buying.” Or, “The bears got bailed out by those rains.”
From Pro Farmer’s First Thing Today, these are some of the stories we are watching on Monday, December 14.
Everything ended the week down hard as traders took a risk-off attitude toward market positions. Part of the reason was the dollar’s rally, which made even French corn competitive for importers.
Don’'t miss a single minute of the first-ever Marketing Rally.
In part 1 of the 2019 bull-bear outlook you’ll find the recommendations shared by five commodity analysts. We’ll publish recommendations from four more analysts tomorrow.
While your grain marketing plan faces many headwinds, don’t be surprised when a few tailwinds provide opportunities for you to capture profits.