Corn: In 4 days, China buys almost 4 million tons of grain in the USA

The USDA (Department of Agriculture of the United States) announced, this Friday (19), another sale of corn to China of 800 thousand tons. This is the fourth purchase for the fourth consecutive day and, in the interim, purchases resulted in 3.876 million tons. All sales made on the same day, to the same destination and with a volume equal to or greater than 100 thousand tons must always be informed to the department. The new purchases from China take place in the same week that the country's Ministry of Agriculture and Rural Affairs released a document asking animal nutrition experts to develop recipes with less soy and corn meal. Recently, the country has been suffering from new outbreaks of African Swine Fever and more zoonoses, which has raised doubts about the strength of Chinese demand for cereal in the coming months. "Recent purchases, of almost 4 million tonnes, may have a more political than commercial motivation, since of the total already committed on behalf of China in ...