Tuesday, January 26, 2021 3:42PM CST
ADM sees higher Chinese imports of corn and ethanol throughout 2021 as company executives pointed to some of the demand drivers that could help sustain the corn and soybean sectors. They also expect U.S. farmers will bring more acres into production this spring.
March corn is up 3 1/4 cents per bushel, March soybeans are up 2 1/4 cents, and March KC wheat is up 1 cent.
Moderate gains in livestock trade Monday sparked renewed buyer support despite a rebound in grain prices and concerns about growing beef stocks. Beef cold storage levels moved to multi-year highs, creating underlying concern about the ability to sustain demand given the rising price levels.