CHINA MAKES ITS LARGEST EVER PURCHASE OF U.S. CORN
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Posted On: 11/01/2020 12:47:26 AM
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CHINA MAKES ITS LARGEST EVER PURCHASE OF U.S. CORN
By Chuck Abbott 7/15/2020
Far behind on its “phase one” commitments with the United States, China bought 1.76 million tonnes of U.S. corn, its largest purchase ever of American corn and also the largest sale of U.S. corn to any buyer in three decades, said the USDA on Tuesday. It was the second major corn purchase by Chinese importers in four days.
The newest purchase was worth $232 million, based on futures prices in Chicago. Private exporters also reported the sale of 129,000 tonnes of soybeans worth $42 million to China. Both transactions call for delivery in the marketing year that opens on September 1. Formerly the top customer for U.S. agricultural exports, Chinese buyers prefer to make purchases in late summer or fall because U.S. prices tend to be lowest at harvesttime.
https://www.agriculture.com/news/business/chi...of-us-corn
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China buys more U.S. pork; beef packing capacity improves
AGRICULTURE
May 11, 2020 4:39 pm 1,580 views
While U.S. pork slaughter and processing facilities have been hit hard from the COVID-19 spread and running at roughly 40% capacity for the past few weeks, China booked more than 40,200 metric tons of pork from the U.S. during the week of April 24–30.
That was the largest order from China since October 2019, according to the U.S. Department of Agriculture. Net pork exports overall were down 12% from a year ago.
https://talkbusiness.net/2020/05/china-buys-m...-improves/
By Chuck Abbott 7/15/2020
Far behind on its “phase one” commitments with the United States, China bought 1.76 million tonnes of U.S. corn, its largest purchase ever of American corn and also the largest sale of U.S. corn to any buyer in three decades, said the USDA on Tuesday. It was the second major corn purchase by Chinese importers in four days.
The newest purchase was worth $232 million, based on futures prices in Chicago. Private exporters also reported the sale of 129,000 tonnes of soybeans worth $42 million to China. Both transactions call for delivery in the marketing year that opens on September 1. Formerly the top customer for U.S. agricultural exports, Chinese buyers prefer to make purchases in late summer or fall because U.S. prices tend to be lowest at harvesttime.
https://www.agriculture.com/news/business/chi...of-us-corn
=================================
China buys more U.S. pork; beef packing capacity improves
AGRICULTURE
May 11, 2020 4:39 pm 1,580 views
While U.S. pork slaughter and processing facilities have been hit hard from the COVID-19 spread and running at roughly 40% capacity for the past few weeks, China booked more than 40,200 metric tons of pork from the U.S. during the week of April 24–30.
That was the largest order from China since October 2019, according to the U.S. Department of Agriculture. Net pork exports overall were down 12% from a year ago.
https://talkbusiness.net/2020/05/china-buys-m...-improves/
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