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China Buys $850M Worth of U.S. Corn

USDA forecasts China will be the No. 1 customer for ag exports this year

PEXELS
PEXELS

In a four-day shopping spree, importers bought 3.876 million tonnes of U.S. corn for delivery to China this marketing year, said the USDA.

Successful Farming reports the corn was worth $850 million, based on futures prices in Chicago.

High domestic prices have made imported corn attractive to Chinese processors and livestock feeders. The USDA forecasts China will be the No. 1 customer for ag exports this year.

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