# Farm Revenue Driven by Chinese Demand, Drought Concerns

> US national average cash corn is $6.86 per bushel and soybeans are around $14.23, among the highest since 2013. Strong Chinese demand and Brazil's drought-reduced corn crop have shifted demand to the US. Dry weather in the Dakotas and Western Corn Belt is raising doubts about this year's yields.

- Date: 2021-07-02 · published 2021-07-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/46089-farm-revenue-driven-by-chinese-demand-drought-concerns
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong export demand and drought-related yield risk support higher US grain prices, raising feed costs for buyers. Input cost increases may also squeeze farm margins.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/business-inputs/article/2021/07/02/farm-revenue-driven-chinese-demand

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.