bearish
China’s Corn Under Extreme Weather Threat // Bad News Again for Orange Production
SUMMARY
- China’s Corn Under Extreme Weather Threat China's corn production is currently under pressure due to extreme weather events in the country.
- Still, as it seems this might not be enough to even lift prices up a little bit. Local prices have ticked higher since the end of September, but they’re still close to four-year lows.
- Stockpiles of corn are plentiful, and demand is currently sluggish as the second-largest economy of the world battles its own economy demons at the moment.
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