Miller Magazine Issue: 127 July 2020

91 MARKET ANALYSIS MILLER / JULY 2020 at, whose yield this year is projec- ted 40% higher than the past, this news inspires optimism for Austra- lian producers. After the publication of the qu- arterly report of planted areas in the United States and the strengt- hening of the cost of oil, as well as the continued growth of ethanol production in the States, corn on the Chicago Stock Exchange stren- gthened in value. They supported the corn price and news about the activity of China. But this informa- tion seems small compared with the overproduction of grain on a global scale. The state of corn crops in the corn belt is satisfactory. If the initial expectations of 97 million acres of corn and seemed overpriced, the well is not the same. Before publication they waited, well, if not 97, even 95 million acres. And here they took and showed 92, of which a litt- le more than 2 million at the date of the report was still in process. It's clear that the corn rushed. But what about “nobody needs ethanol,” “meat is gone,” you ask? Yes, all the same. Therefore, this support may be temporary . By the way , about ethanol . Airbus say that air travel will