Following Up on Corn, Weekly Exports and the Dollar’s Devaluation
Corn continues to march to new highs, now trading around $4.80 per bushel. Much of what we’re seeing is demand driven. I was looking at corn sales for the marketing year ending September 1st and it
validated much of what we’ve been discussing.
From the USDA website. China has imported 236,000 metric tons this marketing year. Over the last three years, their U.S. corn imports total 0. Yes, that is a 0. While this is only 1.5% of our total
exports, it must come as a surprise …