China’s corn prices hit two-month high as rain damage sparks supply concerns

highest level since September. According to Guolian Futures, feed mills and pig farmers are seeking newly harvested grain from the northeastern provinces — China’s top-producing region — after excessive rainfall in the northern areas harmed crops. Corn is one of China’s three most important crops, and authorities previously forecast a record harvest this season. However, recent extreme weather has introduced uncertainty. Severe rains in northern provinces, which account for at least 30% of total output, have disrupted harvesting operations. Analysts note that farmers may be slow to sell, anticipating further price increases. Additional upward pressure has come from rail transport delays, which have hindered shipments of corn from northern ...