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Why China loves Gold & a Beautiful Setup in Bitcoin
SUMMARY
- Unpredictable Corn Supply from South America The grain supply from South America, especially corn, is among the most unpredictable globally.
- During the 2022-23 season, Argentina's corn production dropped by nearly 29% due to drought, but then surged by 26% in the 2023-24 season, influenced by the El Niño phenomenon.
- Similarly, favorable weather conditions boosted Brazil's corn production by approximately 17% in 2022-23. However, in 2023-24, it declined by 16% due to varying weather patterns.
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