China Imports US Corn To Cover Domestic Needs

July 13, 2011

News of significant China corn imports from the United States sparked higher prices yesterday. A sharp reduction in domestic stocks and increased meat consumption were said to be behind the  3.7 million metric tons of corn that has already been imported in 2011. The USDA reported last week an additional 1.4 million tons of corn purchases from "unknown destinations," widely believed  to be China... subscribers continue to full story...

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