Domestic corn buying in China rebound sharply, soybean volume drops
Procurements of 2021/22 corn and soybean harvests in China rose sharply during the ten-day period between February 6 and 15 this year.
Corn purchases from farmers surged 147% week on week to 4.92 million tons, pushing the cumulative volume in 2021/22 marketing year to 82.72 million tons, according to government data.
In contrast, soybean purchases during the period continued to fall for its fourth consecutive period, down 25% to...