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China buys more U.S. corn
The hot streak of U.S. corn sales continues.
The USDA says China bought 136,000 tons of U.S. corn, the 10th of the last 11 business days with a reported sale of U.S. corn.
The sales have been mostly to China, all for the current marketing year, for a running total of 3,000,800 tons.
U.S. corn currently has a price and supply advantage over competing exporters that’s expected to last until the harvest of Brazil’s second crop starts this summer.
The USDA’s next round of supply and demand estimates is out April 11th.
Tags: Brazil, China, Commodities, Corn, Crops, Exports, Grains/Oilseeds, Supply and Demand Report, USDA
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