Corn prices supported by Chinese demand

Corn prices were already slightly supported last week by precipitation in Argentina after a very long drought. The United States Department of Agriculture (USDA) office in Beijing indicated in a report that Chinese demand for corn for the 2022-23 season is estimated at 220 million tons. That is 10 million tons more than the previous season. More corn used in feed rations Feed factories mix more corn in feed rations, because higher prices for wheat, among other things, limit the alternatives t