U.S. corn exports to improve, but will take time to fully rebound
U.S. corn exports, which plummeted to levels not seen in more than 40 years after the 2012 drought-reduced crop, are bound to make a comeback in the upcoming marketing year. But it’s still difficult to predict just how much overseas corn sales will rebound, according to Chad Hart, Iowa State University Extension grain market economist.
"We are already starting to see more interest in the market with the lower prices we’re seeing," Hart said last week. "I think a lot of importers were already anticipating the lower prices."
He noted that China, traditionally the top importer of U.S. soybeans, has recently started to order additional American...
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