(Farm Futures) – Mention Chinese buying of a commodity and its usually enough to send prices soaring. That was the case on Tuesday, when soybean prices surged in part due to new deals with the world’s largest importer. But China has also been buying wheat, lots of it, after severe problems with head blight in 2012 apparently reduced production. Wheat prices so far aren’t paying attention, however, making new seven-month lows yesterday and struggling overnight. That’s holding back corn as well.
Farm Futures Senior Editor Bryce Knorr talks with Kelsey Ostby, Wisconsin Farm Report.
Listen to the conversation using the audio link on this page.
