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Price competitiveness to lift US corn exports - ADM

2015-02-04 17:15:05| Agriculture - Topix.net

US corn exports, running only marginally ahead of year-ago levels, are poised to accelerate even as soybean shipments slow, the head of Archer Daniels Midland said, in comments which also revealed a China effect in boosting prices of distillers' grains. Juan Luciano, the ADM chief executive, acknowledged the threat to US soybean exports from the ramping up of South America's harvest of the oilseed, which is now 7% complete in Brazil, ahead of the average 4% by now, according to Informa Economics.

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