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The canary in the mine?: Corn purchases in the US by China

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GMO Pundit

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Rumors & facts: Is China making its grand entrance to the U.S. corn trade?

At Agriculture.com Apr 28 2010

Rumors & facts: Is China making its grand entrance to the U.S. corn trade?
Small tender might be the start of longer-term buying program, traders say
Mike McGinnis & Jeff Caldwell
Agriculture.com Editors
4/28/2010, 10:23 AM CDT
0211export

Rumors about a possible corn-buying program by China — one that, if realized, could add a huge new demand factor to the U.S. corn trade — received more fuel Wednesday morning with the announcement the nation will buy 2 cargoes of corn, amounting to 115,000 metric tons, from the U.S.

Continues at link.

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