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At the 2021 IPPE, economist Paul Aho reviewed grain price trends, noting corn rose from $3.30 in August to $4.85 by December, and soybean meal rose about 50% over the same period. He attributed the rally to rising Chinese corn imports, which climbed from 4 million to a projected 16 million tonnes, along with lower US soybean stocks.
Projected Chinese import growth and tight US soybean stocks, with 2021 ending stocks near pipeline levels, support feed grain and meal prices for buyers.
thepoultrysite.comSarah MikesellFeb 18, 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.
