Aside from the upcoming USDA report, Utterback Marketing President Bob Utterback thinks there’s nothing else for the grain market to hold onto except demand. “The talk is China isn’t going to slow down in their buying. They’re at about 65 percent of their total annual commitments according to the trade deal, in reference to dollars spent. The feeling continues to be China will continue the pace after they get the South American crop cleaned out.” Utterback explains what this could mean. “There’s 700 million bushels of corn consumption not anticipated four months ago. The demand side of the equation is staying strong and now the market in April and May will be trying to entice adequate corn acres.”
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