You are here

China skews world corn supply but shows promise in longer term

Higher domestic use and a smaller harvest should help reduce the country's stocks towards more normal levels

BT_20170518_NAHCORN181NIJ_2891180.jpg
To stimulate use and discourage build-up of the crop, some Chinese provinces offered subsidies to big processors who bought between November and April and process it by end June.

Chicago

THE corn market's initial excitement over projections for a hefty cut to next year's global supply grew dull as soon as traders realised China's sizeable hand in that trend.

But China's contribution to the corn stocks cut does not mitigate the importance of the reductions,

sentifi.com

Market voices on:

Powered by GET.comGetCom