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The Brazilian corn market will be tight this year. Tereza Cristina, Brazil’s agriculture minister, has announced that Brazil will now allow for genetically modified organism (GMO) corn imports from the United States.
Following a recent tender, Japan has booked another huge shipment of wheat from the United States, Canada and Australia for shipment later in the year.
While crops in the United States and Canada are already being impacted by hot and dry weather conditions, China is looking to Australia for its high-protein wheat supply.
In its quarterly update, the United States Department of Agriculture (USDA) did not deliver on an expected increase in the planted area for soybean and corn. What does this mean for the futures limits of both?
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