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.
"Demand has been pretty strong, margins for chicken and pork producers have been pretty good and there's been some logistics issues in the U.S."
- Wayne Gordon on Nov 19, 2014
UBS’s Gordon Says Drought Having Massive Impact