white shadow - 5/26/2023 19:11

exports are price driven in a well-supplied market. There is exportable grain in this country today and if this weather materializes into a production problem on the scale of 2012 the ABCD's of the world will make sure it stays in this country. There are not many exporters in this country of any significance other than the ABCD's. When they drop or reduce their export programs price is no longer an issue----exports are not going to happen. Today, when China cancels with us, they didn't necessarily cancel the purchase, one of the ABCD's just transferred the origination point to a cheaper source which is Brazil currently. Price driven in today's well-supplied market. Global trade gets to be a chicken or egg argument when supply disruptions occur. All scenarios are on the table and the one that puts the most cash in the pocket wins.

US corn farmers—the world’s leading producers of this livestock feed—have essentially three buyers: ADM, Cargill, and Ingredion (formerly Corn Products International). They control 87 percent of the market, according to a 2014 study by University of Missouri rural sociologist Mary Hendrickson.

The major traders, Archer Daniels Midland (ADM), Bunge, Cargill and Louis Dreyfus, collectively known as the ABCD traders, share a significant presence in a range of basic commodities, controlling, for example, as much as 90 per cent of the global grain trade.