Source: Chuck Abbott, SUCCESSFUL FARMING, 5/10/21


Importers are adding to the mountain of U.S. corn already headed to China with the purchase of 1.36 million tonnes of corn for delivery in the marketing year that opens September 1. The purchase, reported by private exporters to USDA, was worth $400 million at current futures prices. Some 11.38 million tonnes of U.S. corn have been shipped to China during the current marketing year, and an additional 11.986 million tonnes have been purchased and await shipment, according to USDA data.

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