Japan will buy all the extra corn that China no longer imports. US President Trump suddenly appealed at the press conference after the Japan-US summit meeting on August 25th. In the background, there was a policy change that could affect the presidential election next year. The possibility that Japan played a role in producing the results has also emerged.
Mr. Trump met with Prime Minister Shinzo Abe after the summit meeting in Biarritz, France. I will buy it. " Aside from the original theme Japan-US trade negotiations, he emphasized only the results of corn.
Corn prices were sluggish around this time. The future price (December) of the US Chicago Commodity Exchange, which is the index, temporarily dropped on July 15 after a 1-bushel (approx. 25 km) = $ 4.6 dollars, then fell on August 23. The transaction ended at $ 3.6 level, which is 20% cheaper.
Mr. Trump is crazy about Japan ...