Brazil, U.S., Ukraine, and Australia grain exports, and China growth, in focus
Brazil
Published Feb 1, 2023
Tridge summary
Bloomberg writers Tarso Veloso Ribeiro and Michael Hirtzer reported late last week that, “Global demand for corn will come back to the US in the coming months, according to Archer-Daniels-Midland Co., one of the world’s biggest crop traders. “China recently was buying record amounts of Brazilian corn but with supplies in South America now running thin demand will shift to the US through July when Brazil should start exporting a record safrinha crop.
Original content
Bloomberg writers Tarso Veloso Ribeiro and Michael Hirtzer reported late last week that, “Global demand for corn will come back to the US in the coming months, according to Archer-Daniels-Midland Co., one of the world’s biggest crop traders. “China recently was buying record amounts of Brazilian corn but with supplies in South America now running thin demand will shift to the US through July when Brazil should start exporting a record safrinha crop. Safrinha is a second-crop corn planted after the soybean harvest. “‘Of course we lost some bean business but the corn business basically is going to be with us until the crop in Brazil,’ said ADM Chief Executive Officer Juan Luciano. ‘And the US will be exporting a lot of that from here until probably July.’” The Bloomberg article noted that, “The pivot could boost corn futures on the Chicago Board of Trade, which are tied to delivery points along the US river system that was battling low water levels and elevated costs. The US ...
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