Verified FBN Member (ND)
Marketing
Is FBN watching the Yangtze river flooding?
Is this a black swan that China will need grain to feed people and livestock or a bearish demand destruction event? ******************......
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Verified FBN Member (ND)
Let's hope the flooding can be contained and their hog herd continues to eat corn and soymeal.
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Kevin McNew
FBN Economist
FBN Employee
It is an event worth watching. Flooding with upwards of 20 inches of rain has happened in some key corn/soy growing regions in China. China's Dalian corn futures price hit a 5-year high to start the week.
The strength is in part a reflection of the production issues, but the long-term structural trend is China produces less corn than it uses every year so stocks continue to fall. Add to that a C...
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