“A Flurry of Chinese Purchases of U.S. Corn,” as Brazil Seeks Further Ag Trade Opening with China

Falling U.S. corn prices, which hit a seven-month low on March 10, prompted a run of Chinese purchases, with USDA confirming a 204,000-tonne sale and eight purchases in nine business days. Weekly export sales to China reached 2.245 million tonnes in the week ended March 16, the third-largest weekly total on record.

Traders expect the U.S. to remain China's dominant corn supplier until Brazil's safrinha harvest in June, with Argentina's crop reduced by drought.