Wednesday, February 22, 2012

Drought and Low Temps Could Affect China’s Crops This Year

David Nealis with Corn Crop

China is expecting more unfavorable weather this year compared to last year and wider the Agriculture Ministry said.

A major possibility of a “severe spring drought” was foreseen in area including the northeast of the country, the country’s corn and soy bean belt, while lower than normal temperatures were expected in parts of the northeast, which could delay plantings of the crops according to a report on the Agriculture Ministry website.

So this week we saw the Chinese purchase over US$ 10 Billion in US Soy products , if the corn crop in China is not sufficient to their needs I believe we could see another large order for US corn from the Chinese similar to the one we saw this last fall.

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