MARKETS FULLY DEPENDENT ON THE US WEATHER AND ACREAGE. NEW CROP PRICES TO BE SET IN THE NEXT 4 WEEKS.
24 Jun 2021
The same market story is ongoing. Never before has world weather kept our markets alive for so long. It all started last summer with the drought in Ukraine, impacting corn production by nearly 30%. Then, La Nina disturbed drilling in South America, downgrading Brazilian corn potential by another 20%. It is now US weather that is keeping traders busy within a context where world demand suddenly surged by more than 10%...
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