Chinese corn purchases have been truly outstanding – unlike anything we have seen before. The end of marketing year 2020 saw an acceleration in corn sales to China, and that trend has continued for the upcoming marketing year. Over the past few days, flash export sales to China were recorded on May 7th, 10th, 11th, 13th, 14th and 17th. Each of those sales are new crop sales for the marketing year starting September 1st, 2021. We believe this activity is largely tied to the weather-induced nosedive of the Brazilian safrinha corn crop. Naturally, China is looking to the U.S. to get some corn coverage. Will it continue?

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What’s next for high U.S. grain demand?

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