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Agri-Visor analyst Dale Durchholz says world corn supplies excluding the US and China are the tightest since the 2012-13 crop year, because Chinese stocks are not available to the world market. He also cites renewed investor money in commodities and possible US corn acreage cuts in 2017 as support.
Tighter supplies outside the US and China and possible acreage reductions point to firmer corn prices into 2017. Buyers should expect limited downside from the current large-stock narrative.
brownfieldagnews.comMeghan GrebnerDec 30, 2016Not 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.
