China raised corn imports sharply in February

In February, China increased corn imports by 41% compared to January to 3.1 million tons, according to data from the country's customs services, cited by Reuters. For the first 2 months of the year, however, the growth is more modest - by 14% compared to the same period of 2022 to 5.3 million tons. What's more, the trend deepened in March, with analysts at the e-magazine Grain Central pointing out that the bulk of corn was arriving in China from the US despite heightened political tensions between the two countries, with purchases from Brazil effectively halted due to significant soybean imports from the South American country. Uncertainty in corn exports from Ukraine, a reduced harvest in Argentina and improved shipping conditions on the Mississippi River also have an impact on China's actions. Between March 10 and 16, US farmers sold 2.234 million tons of corn for export to China, the third-largest ...