The USDA Tuesday reported a daily export sale of 1.36 million metric tons of U.S. corn for delivery to China in the 2020-21 marketing year, a strong sign that the country’s demand remains robust as it rebuilds its swine herd.
“The U.S. Grains Council is very encouraged by the recent large purchase of U.S. corn by China because it confirms what we’ve been saying for some time now — demand for U.S. corn is strong in China and continues,” said U.S. Grains Council President and CEO Ryan LeGrand told Agri-Pulse. “We look forward and are ready to fulfill their corn needs as a top customer.”
U.S. corn shipments to China have been mostly strong for the past several weeks. The U.S. shipped about 1.5 million tons of corn to China in the last two weeks of 2020 and the first two weeks of this year, according to USDA data.
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Sales commitments to China haven’t been so strong in recent weeks, adding importance to the Tuesday announcement by USDA. The Department reported sales of 90,400 tons of corn to China in the last week of December and 88,500 tons in the first week of January. No export sales of corn to China were reported by USDA in the second week of January.
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