China poised to make big corn buys

China poised to make big corn buys

China could import 30 million tons of corn in 2021, according to an analysis from Bloomberg and Reuters, as reported by FarmDoc last week.

The Bloomberg article ex­­plain­ed that, “The jump in shipments has sparked speculation that China could become the world’s largest corn importer. The U.S. Department of Agriculture’s Foreign Agricultural Service estimates China could buy 22 million tons in the 2020-21 season, while Goldman Sachs Group Inc. said shipments could surge to 33 million tons in 2021.”

Meanwhile, Reuters News re­­ported...

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