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S&P Global analysts say the 2021 grain price rally has been demand-driven, led by China's large purchases to rebuild its hog herd and stock inventories. China's 2021 corn imports are seen at a record 24 million mt and wheat imports at about 10 million mt.
Sustained Chinese import demand supports global grain and oilseed prices, though weather and other risks could cause volatility.
spglobal.comMay 7, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
