Corn has the highest upside potential in the US

Published 2023년 3월 27일

Tridge summary

TF Agroeconomia reports that corn and wheat have seen the highest increases this week. Corn has the greatest potential for growth in the short and medium term, while wheat prices are dependent on Russian President Putin's mood. The USDA reported that exporters have sold 204,000 tonnes of corn to China, with delivery expected in the 2022/23 marketing year. However, analysts predict that Chinese demand for US corn may decrease once Brazilian grain becomes available.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Corn and wheat had the highest increase of the week and corn has the greatest potential for growth, according to information released by TF Agroeconomia. “Of all grains, corn is the one with the greatest chance of rising in the short and medium term. Soybeans don't have any, wheat depends on Putin's mood, although the supply and demand picture in the medium and long term are bullish, but Russian supply is devastating the market and it is precisely against this sale at very low prices that the government from Russia rebelled this Friday, so let's wait for the next bids”, he comments. “Corn, on the other hand, has the possibility of an increase in the medium term. We say medium and not short term, because the rise in prices depends on (dispute with) exports and Chinese demand is very slow, with the drop in feed production, in view of the swine fever suffered by that country recently”, he completes. In the year, corn retreated 5.23% on the CBOT and less than half in Brazil, with ...
Source: Agrolink

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