China big roll player in shaping of markets, Hurt tells farmers

Huntington County Tab:

Professor Chris Hurt, Purdue University agricultural economic expert, told a group of 80 attending the annual Outlook Program sponsored by the extension office on Monday night at the 4-H building in Monroe that China is playing a major roll and could influence even a greater share of ag economics in the next few years.
"What could keep corn prices increasing," said Hurt. "China could decide to buy corn. Then you will be off to the races. Corn markets aren't just going to fade away. Corn prices are high now, but they are going to drop in the future. We are dealing with a short crop right now.".....