Agra Europe, March 2nd, 2001
US grain and oilseed futures sprang back to life mid-week after earlier despondency over competition and the possible bearish impact of any spread in foot-and-mouth disease (FMD) on EU feed demand.
Maize traders had initially fretted over a Chinese export tender expected to offer around 1.8 million tonnes, but the final sale level of 400-600 000t supported the market's later rally.
This remission may be temporary, however: China's State Grain and Edible Oil Information Centre has forecast that production in 2001 will rebound to 133mt, which would far exceed the latest US attache prediction...
HighBeam Research, Free Preview: 'G & O markets shrug off blues.(grain and oilseed)(Brief Article)(Statistical Data Included)'... Full Membership required for unlimited access. Free 7-day trial.
Subscribers: HighBeam content is only available to HighBeam subscribers. Click the link above for more information.
