West KY, Miss River County |
All the indicators were showing a recovering global economy that should keep corn demand firm.
Crude prices are currently having a sharp run-up even with North American increased production.
For corn demand/prices to wavier, China will have to decrease their hog supply which is about half of the world total-Not counting their new North American production. US production is almost double China's per sow averages (14/25 piglets per year). As their efficiency increases, their hog numbers will work higher along with grain consumption.
As was mentioned below, asking for more beans, The world is beginning to ask for "More Corn Please, and by the way, I have US dollars to pay for them!" |
Even before this weekend rocket
