Diversified Services market analyst Sterling Smith was a presenter during the Ihry Insurance spring virtual farm meeting and current market conditions were part of the conversation. Continued demand boosted the grain markets and featured massive corn sales to China. There were also rumors of China buying U.S. ethanol. “The ethanol space needs all the help it can get right now.” While corn and soybeans reacted to tight supplies, Smith said the wheat market situation is different. “Global wheat supplies are pretty good, but we’re seeing a change in tax regimens in Europe. This is supporting the U.S. markets a little bit, opening up a chance for better wheat export action.”
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