The marketplace is ramping up speculation about U.S. corn and soybean acres ahead of USDA’s Planting Intentions report due out on March 31. Increasingly, it seems traders think there will be plenty of both crops planted this year, says Jerry Gulke, president of the Gulke Group.
“NAFTA has given us the opportunity to invest in the U.S. to buy grain from American farmers and sell it to our customers in Mexico,” said Jaime Castrellon, a Mexican farmer and board member for Grupo Chapa Quiroga, speaking through an interpreter. Read moreRead More »
Bids for sorghum in the Gulf of Mexico have almost disappeared after China’s decision earlier this week to impose a 179 percent tariff on U.S. imports, according to grain-handling company Scoular Co. Read moreRead More »