Grain Market Viewpoint

Bullish corn story might be developing in the far east.

 

Chinese weather is becoming a little more of a concern. In particular I am hearing there could be a few weather worries popping up for Chinese corn producers. Nothing as of yet to get overly excited about, but we do have to recognize the fact China is the worlds second largest corn producer, any type of production glitch will certainly cause extreme ripples across the market, especially since very few are looking that direction. From what I hear producers in China's northeast corn belt are running a couple of weeks behind in planting. This area is important because it produces about half of China's domestic supply. In fact, Heilongjiang, the top corn producing province, has had its wettest winter in 50 years, leaving more than 12 million acres extremely wet. On flip side some ares to the northwest are too dry and are starting cause some concern as it threatens emergence. Bottom-line, with China's domestic corn production being critical the market could  quickly get more nervous if weather issues become a more threatening concern. Keep the Chinese weather situation up on the radar screen.  World Corn Production Data: 

  1. US producing 273.8MMT's
  2. China producing 208.0MMT's  
  3. Brazil producing 72.5MMT's  
  4. EU-27 producing 54.7MMT's  
  5. Argentina producing 26.5MMT's 

Click the link below to receive my free daily Ag wire.

Click Here

Discuss this Blog Entry 0

Post new comment
or to use your Corn and Soybean Digest ID
What's Grain Market Viewpoint?

Grain Market Viewpoint

Contributors

Kevin Van Trump

Kevin is a leading expert in Agricultural marketing and analysis, he also produces an award-winning and world-recognized daily industry Ag wire called "The Van Trump Report." With over 20...
Blog Archive

Sponsored Introduction Continue on to (or wait seconds) ×