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U OF ILLINOIS ECONOMIST: U.S. CORN EXPORTS AND PRICES RISE, WILL "RAMPANT" CHINESE DEMAND CONTINUE?
Feb. 16, 2021
Source: U of Illinois news release
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| 'China's record corn purchases have traders wondering if bump can last," by Emiko Terazono and Sun Yu. The Financial Times (February 12, 2021). |
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Financial Times writers Emiko Terazono and Sun Yu reported last week that, "Record purchases by China have sent corn prices soaring since the end of last year, leaving farmers and analysts pondering how long the surge can be sustained.
"Rampant demand from the world's second-biggest economy has driven a fierce rally in grain prices in recent months. China has always been reliant on overseas markets for soyabeans to feed its animal herds. But the ramping up of imports of corn - where the country has previously aimed for self-sufficiency - has surprised analysts and traders.
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| 'China's record corn purchases have traders wondering if bump can last," by Emiko Terazono and Sun Yu. The Financial Times (February 12, 2021).
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"China bought a record 11.3m tonnes of corn last year, of which more than a third came from the US. In late January, the US Department of Agriculture announced that China had bought another 2.1m tonnes, the largest single sale to the country in history and the second largest on record."
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| 'China's record corn purchases have traders wondering if bump can last," by Emiko Terazono and Sun Yu. The Financial Times (February 12, 2021). |
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