Home > Tools > News > RECORD CHINA GRAIN IMPORTS TO KEEP U.S. PRICES RISING

RECORD CHINA GRAIN IMPORTS TO KEEP U.S. PRICES RISING

‹ › ×

Jan 28, 2021 at 09:14 AM CST
PARIS, Jan 27 (Reuters) - Expected record Chinese imports of corn and soybeans in the coming seasons will continue to absorb U.S. supplies and keep prices on an upward trend, Chicago-based consultancy AgResource Co said on Wednesday. Chinese demand has fuelled a rally in grain markets in the past year and sparked a jump in U.S. corn futures on Tuesday as massive exports of U.S. corn and corn-based ethanol were reported.

Jan 28, 2021 at 09:14 AM CST

PARIS, Jan 27 (Reuters) - Expected record Chinese imports of corn and soybeans in the coming seasons will continue to absorb U.S. supplies and keep prices on an upward trend, Chicago-based consultancy AgResource Co said on Wednesday. Chinese demand has fuelled a rally in grain markets in the past year and sparked a jump in U.S. corn futures on Tuesday as massive exports of U.S. corn and corn-based ethanol were reported.