U.S. Corn-Export Sale, Sixth-Biggest Ever, May Be for China
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U.S. exporters sold 1.25 million metric tons of corn to unknown destinations, the sixth-largest daily sale of the grain, according to the U.S. Department of Agriculture. Analysts said the buyer may be China.
The sale includes 1 million tons for delivery in the 2010-2011 marketing year that began Sept. 1, and 250,000 tons for the 2011-2012 season, the USDA said today in a statement. The U.S. is the world’s largest grower and exporter of corn, a grain used mostly as livestock feed.