Corn Takes ‘Baton’ From Wheat, to Lead Grain Rally, Gordon Says
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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.
“The baton is now being passed from wheat to corn,” said Wayne Gordon, an agricultural commodities analyst. The rebound in prices “has all been about climate,” he said in a phone interview from Sydney yesterday.