China made the largest purchase of corn on the international markets, buying 900,000 metric tons of American corn. This purchase could affect global prices and supply. China was a net exporter of corn until 2009 but is now struggling to keep up with demand for corn which is mainly used in animal feeds. "The purchase was necessary to help fill China's dwindling corn reserves", said Hanver Li, chairman of the market research firm Shanghai JC Intelligence Co. Ltd. Read more ...
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