According to Ag Resource Company Chief Economist Bill Tierney, strong demand for U.S. corn is expected to continue. Tierney does not think Brazilian corn exports will have more than three months, due to the smaller Safrinha corn crop. “After late September or early October, Brazil will not have any corn available. The domestic market may be successful in bidding and holding back corn to get them through to the first crop,” says Tierney. “We’re expecting an extremely tight global corn supply and demand until the U.S. crop comes in. Then, we’ll see demand at record levels. We’re looking for higher prices next year.” Tierney was featured in a Northern Crops Institute market update webinar on Wednesday.
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