AMERICAN CORN WORTH $400 MILLION BOUGHT BY CHINA

Highlights

• The private exporters have reported to the USDA, that the purchase of corn was worth $400 million at current futures prices

• Experts state that China is expected to purchase a record $31.5 billion of American exports this fiscal year

• Following the African swine fever epidemic, China has been importing vast quantities of grains and soybeans in order to rebuild its hog herd

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