Dalian corn futures have rallied over the past week and are again getting close to making new record highs.
Prices hit a high of 2,932 yuan/ton (462 USD/ton) on March 7 before pulling back slightly. With the bullish macro backdrop for commodities, it seems likely that futures will remain firm.
Cash prices edged slightly higher over the past week. Most of the strength was in northeastern China due to the ongoing Covid outbreak and lockdown in Jilin province which has limited transportation and hi...