As China’s interest in US commodities like corn, soybeans and sorghum shows no signs of slowing down, the momentum could help fuel a shift in commodity market sentiment. Candy Corn Queen Halloween Shirt , hoodie, tank top, sweater
Candy Corn Queen Halloween Shirt , hoodie, tank top, sweater
“I think it’s helping to move the market emotionally,” said Sam Hudson of Cornbelt Marketing. “When we look at their current export forecasts and the rates they’ve set, we’re a bit ahead of soybeans. So I think it helps the macroscopic cause, while we’re calculating productivity. ”
As the market continues to focus on what US output will be achieved this year, the market may be skeptical of the soybean forecast due to weather uncertainty, ” said Hudson. However, there can also be skepticism about the amount of Chinese goods actually shipped.
“I think the big question is on the shipment side: will they be able to offload all of this?” Said Hudson. “And what would these unshipped sales look like in February and March, if the South American crop looks good at the time? Are we at risk of seeing some of them get canceled or moved down the street? So I think that’s going to be the bigger thing in the long term, and I think we’ll see some sort of range-bound price action until we can figure out that side of it. ”
China’s growing interest in US corn is helping to improve the gloomy demand picture for US corn farmers. Is new interest from China enough to offset the loss of demand?” Domestic ethanol? Garrett Toay of AgTraderTalk said it focuses on what China does with its corn purchases next year.
“It depends if it’s a one-time deal or not,” he said. “We have heard that they are short of corn for a year. We have seen domestic state reserve auction results, sold out of everything. There is some hoarding going on there. From the farmer thinking the prices are rising, everything points to the Candy Corn Queen Halloween Shirt , hoodie, tank top, sweater fact that there is some sort of problem out there. ”
Toay says China is buying not only with the United States, but it’s also sourcing maize from other countries; a sign they may need maize.
” They buy 9 to 10 million tons of maize worldwide. world: from us 7 mm to 8 mm, Brazil 2 mm and then 3 million tonnes from Ukraine, ”he said.“ They not only buy something they need, but are also capable of fulfilling a number of requirements. commercial transactions phase one ”.
Toay says it’s important to see how these buying trends play out, especially in 2021 and how much corn the Candy Corn Queen Halloween Shirt , hoodie, tank top, sweater US farmers grow during the New Year.