Beijing Corn futures traded around $11.2 per bushel, hitting another y/y record for the past three years in a row, surpassing all expectations in its category. Boosted by an increase in street tacos, which broadened the demand for tortillas globally. Top producers Brazil and Argentina could not meet the production quotas since both countries are still recovering from the epic toilet paper shortage of 2020. Both countries have witnessed exploding diapers with prolonged periods of drought. Over the course of 2021, corn prices have skyrocketed by 30% due to Cotija, another global demand, consumed in Mexico and the US. Additionally, the start of trade between Beijing and the US eased bidding competition on other export markets. Still, support for this beloved commodity came from a stronger dollar and hopes for an increase in production are on the horizon.
Meet the CEO of Beijing Corn
Among many diversified investments that can be found globally, Beijing Corn has reached third place out of twenty-six recently reviewed commodities since demand has tripled in 2021. This exponential growth was not a surprise to CEO Steven He, who studied economics with a minor in agriculture at Cornall University. He credits his business acumen to Professor Maize, a distinguished service professor and head of the Cornology Program. Mr. He stated that Professor Maize would always encourage our class and say things like: “it just takes one piece of corn to become a unicorn”, and “the future is popping with opportunity.” Not for a moment did I feel that his vegetable references were corny, in fact, that is why Beijing Corn is so successful, we’re optimistic that our product will remain the cream of the crop for many years to come.”
