metmike: The massive spike higher in corn prices here in the US from planting delays has killed demand and sent it to other countries(South America), where prices were MUCH cheaper.
Below is a graph of our exports.
Below are exports of our competitors, that have been selling much cheaper corn.:
BEIJING (Reuters) - China’s Commerce Ministry said on Tuesday that Chinese companies have stopped buying U.S. agricultural products, and that China will not rule out imposing import tariffs on U.S. farm products that were bought after Aug. 3.
Following up on yesterday's discussion of #corn exports and U.S. competitors, #Argentina (like #Brazil) had a blockbuster July, shipping around 3.23 mmt. Top destinations, in order: Vietnam, Egypt, Algeria, South Korea, Morocco, Saudi Arabia, Malaysia.
Karen Braun calls this spring rally "massive"...really? with the weather we had . the PP acres, and now the dry, that rally was mild, very mild....where is she getting this massive rally stuff? Seems the market has ignored a lot of the news except the china news
Latest exports inspections from Monday(not the market is paying attention)
Poor for corn but good for beans and wheat:
