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China made two large corn purchases in the same week that US and Chinese officials were set to meet. Private exporters reported sales of 1.224 million mt of corn for delivery to China in the 2020/21 marketing year.
Arlan Suderman of StoneX says the demand is genuine and linked to dryness risk for Brazil's safrinha corn crop.
Continued Chinese buying of US corn tightens export supplies and supports prices. Expected dryness in Brazil's safrinha crop could also keep export competition limited.
agweb.com2021年3月17日在过去 729 次看涨的贸易事件之后，玉米 在 5 个交易日内中位数变动 +0.4%（56% 上涨；中间一半区间为 -1.1% 至 +1.8%），20 个交易日内为 +0.5%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
Two large Chinese corn purchases in one week, seen as genuine demand tied to Brazil safrinha dryness risk, were bullish for prices.
