A commodity broker says China’s massive flooding has not affected corn and soybean prices. Carl Babler with Atten Babler Risk Management tells Brownfield, “I don’t think that’s hit the radar hard in the commodity market yet. It’s something people have been watching.”
Babler says China’s western and south-western area where a lot of the flooding began is not their primary row crop region. “But then when you get a little farther to the east and then a little farther north, it’s more grain production, which definitely can have some problems.”
Babler says China’s massive flooding might impact them beyond agriculture.
