Corn Futures Touch Fresh 7-Year High on Roaring China Demand
- USDA unveils a 680,000-ton corn export sale to China
- Brazil transport group advises members to join trucker strike
China is scooping up record amounts of U.S. corn to feed a pig herd recovering from a deadly virus.
Photographer: Paul Frangipane/BloombergThis article is for subscribers only.
Corn prices in Chicago reached a seven-year high with China’s appetite for the grain stoking global supply concerns.
The U.S. Department of Agriculture on Wednesday unveiled corn export sales to China of 680,000 tons, as well as 132,000 tons of soybeans. That’s on top of a 1.36-million-ton corn export sale to China reported Tuesday, marking the Asian country’s largest one-day purchase from the U.S. since July.