Chart of the day – DCE corn futures fail to keep up with CBOT rally
Corn prices within China have been rising over the past six months mostly due to domestic factors such as the recovery of the hog herd.
Farmers are also still reluctant to sell corn at current prices because of the dramatic increase in planting costs, as a result of higher fertilizer, pesticides, and fuel costs.
More recently, the Dalian corn futures have rallied in the past six days in response to the military invasion in Ukrai...