Brazil could overtake the U.S. as the world s largest corn exporter this year, as a series of record-breaking crops collides with a fresh source of export demand following a trade deal with China.
The soybean market has been in a bullish trend, with March futures having rallied nearly $1.50 per bushel since mid-October. Driven by the best crushing margins in history, and first a dynamic rally in soybean oil, followed by an even more impressive and meteoric rise in soybean meal futures, soybeans have had little reason to fall. That may be about to change.
OMAHA (DTN) As we near Tuesday s close, corn and wheat prices continue to slide lower. March corn is down 4 3/4 cents, March KC wheat is down 19 3/4 cents and March Minneapolis wheat is down 12 cents.