China has made one of the largest purchases of U.S. corn on record for the second time this week as it tries to rebuild domestic inventories and feed an expanding swine industry.
The USDA says Beijing bought 1.7 million tons of corn, which is the sixth largest single day purchase on record. That follows Tuesday’s purchase of 1.36 million tons, falling just outside of the top ten, and Wednesday’s purchase of 680,000 tons, for a running total of 3.74 million tons.
