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Nidera Australia expects global corn production to fall next season, led by declines in China and the U.S. Record South American crops and fast Chinese state reserve sales are capping values. The U.S. crop was 84% planted, and planting delays from flooding are seen as manageable.
Large South American supplies and Chinese reserve sell-downs compete with U.S. exports, limiting corn price upside despite lower expected output.
graincentral.comGuest AuthorMay 23, 2017Not 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.
