Chinese demand for corn has increased the profitability for corn growers, reports Tony C. Breibus for Bloomberg. Consequently, Argentina and Brazil, the two large exporters of corn after the U.S, will increase acreages of farmland dedicated to corn crops, according to oilseeds analysts Oil World.
“An Argentine trade delegation is currently negotiating several trade agreements with Chinese officials,” according to analysts in an Oil World report. “In Brazil, corn plantings are likely to be expanded in the southern and some central parts, as farmers are responding to the improved profitability of corn production, mainly used domestically.
- Teucrium Corn Fund (NYSEArca: CORN)
For more information on corn, visit our corn category.
Max Chen contributed to this article.