Price slump prompts importers to boost purchases of U.S. crops
Published
11/4/2013
Lower oilseed and grain prices have prompted a surge of overseas buying of U.S. crops. Corn prices have fallen to a three-year low amidst better than expected harvest reports. Recently, the U.S. Department of Agriculture (USDA) reported net corn sales of 1.3 million metric tons (51.2 million bushels). The bulk of the new sales are destined for unknown destinations, accounting for 428,000...
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