2021-22 corn exports: Where did the demand go?

July ‘22 corn, which had already been moving higher on Brazilian weather concerns, added another $1.25 per bushel following Putin’s invasion with July corn subsequently topping $8.00. A couple of other factors that have dampened the U.S. outlook may have been the supply of foreign produced corn and,...

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Bibliographic Details
Published inSoutheast Farm Press
Main Author Shonkwiler, Larry
Format Journal Article Trade Publication Article
LanguageEnglish
Published Clarksdale Penton Media, Inc., Penton Business Media, Inc. and their subsidiaries 28.06.2022
Informa
Subjects
Commodity futures
Corn
Exports
Soybean
United States
Ukraine
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Summary:July ‘22 corn, which had already been moving higher on Brazilian weather concerns, added another $1.25 per bushel following Putin’s invasion with July corn subsequently topping $8.00. A couple of other factors that have dampened the U.S. outlook may have been the supply of foreign produced corn and, China demand. Since February, the USDA’s estimate of foreign corn production has increased by 11 MMT/433 mbu and Chinese imports for 21-22 have been revised downward by 3 million MT, 120 mbu. ATI does not maintain an independent research department as defined in CFTC Regulation 1.71.
ISSN:0194-0937
2161-9212