China boosts US agriculture purchases over ‘very tight’ soybeans supply concerns, Ukraine corn worriesUnited States & Canada – South China Morning Post

Source: United States & Canada – South China Morning PostChina is scooping up corn and soybeans from the United States as part of efforts to mitigate the risks to commodity supplies from Russia’s war in Ukraine and slower harvests in South America.Chinese buyers recently booked around 20 cargoes of American soybeans and around 10 shipments of corn, according to traders who asked not to be identified as they are not authorised to speak publicly.The buying spree reflects robust demand in the top importer as worries over supplies grow following Russia’s…Read More

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