date:Jul 18, 2012
al capacity to fund mid-term hedging, the analyst said.
The US grains power
Redruello indicated that the US is a fairly significant piece to the wider puzzle as it accounts for around 10% of global wheat output and 40% of global corn output.
Since June 15, corn futures in the Chicago Mercantile have risen by 28%, he detailed, and wheat 37% and soybeans 15%.
Traders working in the feed sector have also been pushed to by grains, as poor output prospects in South America have driven soybean pri