May 5, 2024 | 19:46 GMT +7
Hotline: 0913.378.918
May 5, 2024 | 19:46 GMT +7
Hotline: 0913.378.918
(VAN) It is rare that U.S. corn supplies build in a marketing year while soybean supplies slip, but that is exactly what is happening in 2023-24, keeping soybean prices relatively elevated versus corn.
(VAN) USDA’s latest crop projections threw a bit of a shock into the soybean market. The November Crop Production Report came with change to both projected soybean and corn yields, as well as production.
(VAN) Just a day after USDA released the July WASDE report, which showed a shocking drop in all-wheat production and yield, old crop corn prices skyrocketed.
(VAN)- Corn prices reached a record high due to depleted reserves, causing the Chinese Government to plan to sell large amounts of stockpiled rice for animal feed.
China has boosted its grain imports as its hog farming has recovered while it has faced corn shortfall, which is reshaping the global grain market.