Corn will lead the advance in grains and oilseeds, outperforming wheat, in the fourth quarter as La Nina threatens to parch crops in Argentina and Brazil, curbing supply and draining inventories, Rabobank Groep NV said.
China, the world’s second-largest corn user, will probably delay purchases after the worst U.S. drought in half a century drove prices to a record, said UBS AG.
China may become the world’s largest corn importer in five years as pork and chicken production increases, according to Rabobank Groep NV.
"You have a situation where a substantial amount of sugar needs to be sold before 2015."
- Wayne Gordon on Aug 28, 2014
UBS’s Gordon Says Drought Having Massive Impact