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DTN analyst Todd Hultman sets out the key 2021 corn price drivers: COVID-19 demand weakness and China's large feed-grain appetite. He notes uncertainty about China's actual grain stocks and USDA's surplus estimate.
Demand from China is a bullish factor, while pandemic-related ethanol and food demand are bearish. Uncertainty over Chinese stocks adds volatility to corn prices.
dtnpf.comTodd HultmanFeb 1, 2021Not 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.
