date:Jul 16, 2013
China has been on a buying binge of U.S. corn in the last 10 days after recent declines in U.S. corn futures prices to modestly above $5 a bu made it a bargain compared with corn grown domestically in China, said Mike ODea, a risk management consultant at INTLFC Stone.
Assuming, as the market does, that corn sold to unknown destinations actually means corn sold to China, the second largest economy has been buying U.S. corn for delivery in 2013-14, which begins Sept. 1, 2013, at a rapid clip sin