Commodities Trading, corn futures price is ready burst up

China’s growing influence on global commodity prices have far-reaching, basically, commodities that China needed , the price will be fired on ; as before is a good example of copper ; China 0 9-10 on the year imported nearly one million tons corns from U.S., the strongest since 1995 ; Chinese Ministry of Commerce also is expected in the coming days would continue to buy U.S. corn , the number may reach three to four times .

commodities corn futures chart

Demand tension

Chinese people get rich , and thus increase demand for meat products , while China’s recent troubled by drought , a serious loss of crop income , At future exchange located in Dalian, corn futures prices traded , have been away from the Chicago grain prices , to note that international corn price normally refer to the U.S. corn prices as an indicator , the deviation from the situation now appears to reflect demand for corn is very tight spot , not a normal situation , on behalf of U.S. corn futures prices have a large backward situation .

In addition, U.S. farm exports Department report released every Thursday , in the past consecutive 12 weeks in the export figures have exceeded 100 million tons, in addition to China , there are entirely dependent on imports of Japan, Egypt and South Korea and other places, are very active at procurement of U.S. corn , corn seems to demand so keen and all ready rocks except one thing – huge orders from funds , the price will explode !


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