Corn: China wants to become more self-sufficient

Corn was able to gain marginally yesterday, but moved sideways for most of the day. Buying and selling arguments are balanced. The ongoing second corn sowing in Brazil is making progress, which suggests a high-yielding harvest, and rainfall is supporting the plants. At the same time, the USDA revised the Brazilian production forecast downwards by 2 million tons to 122 million tons in a special report. Trading on the local spot markets remains manageable. Contracts on the CBoT were up. The US Energy Authority announced that ethanol production has recently increased to 1.1 million barrels per day. At the same time, however, inventories have also increased. The price increase was limited by reports from China that various trading companies are planning to limit the volume of corn imports. Domestic production in China has recently been decent, but producer prices there are under pressure. The government wants to further promote corn cultivation and therefore approved various genetically modified crops some time ago.

Please describe your request so that we can prepare for the callback.
Yes, I have read the Privacy Policy note and I consent that the data provided by me, including the contact data, for the processing of the inquiry and in case of questions are electronically collected and stored. My data will only be used strictly for my request and will not be passed without my consent. This consent can be revoked any time with effect for the future.'
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Register now

Jetzt registrieren und ZMP Live+ 14 Tage kostenlos testen!
  • Dauerhaft kostenfrei
  • Keine Zahlungsinformationen erforderlich