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Chinese corn prices have risen as the country heads toward its first real corn shortfall in years for the 2020/21 season beginning in October. Analysts and traders say the deficit could reach up to 30 million tonnes, around 10% of total crop.
A large domestic Chinese deficit would raise import demand for corn and feed substitutes, supporting global corn prices and the feed cost outlook for buyers.
reuters.comHallie Gu, Dominique PattonSep 1, 2020Not 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.
