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Purdue economist James Mintert explains that the recent rally in corn and soybean prices reflects smaller-than-expected 2020 US harvests and rising exports, mainly to China. He notes China's hog herd rebuild after African swine fever is driving feed demand.
Sustained Chinese feed demand for US corn and soybeans underpins prices and export outlooks for feed buyers.
ag.purdue.eduSarah E ZahnJan 20, 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.
