China’s Impact on the Global Corn Market

07/23/2021

In our Q4 2020 letter, we discussed how China had emerged seemingly overnight as one of the world’s largest corn importers. While China had become a large importer of soybeans 20 years ago, its corn..

The US is in Drought and Agricultural Markets in Deficit

07/08/2021

Given low ending stocks, both corn and soy are extremely susceptible to any disappointments in plantings, harvest, or weather. As the 2021–2022 season gets underway, problems have already developed...

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