China Buys Most Corn in at Least 10 Years Before U.S. Price Jump
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China’s corn imports more than doubled in June, reaching the highest in at least a decade, as purchases climbed before a late-month surge in U.S. prices.
Inbound shipments rose to 872,928 metric tons last month from about 404,102 tons in May, data from the General Administration of Customs showed Tuesday. That’s the highest since at least 2005, according to data compiled by Bloomberg.