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China Books Record Deal for U.S. Corn, Stepping Up Buying

  • Sale of 1.762 million tons is biggest ever to the Asian nation
  • Fourth-largest U.S. sale on record tops massive deal last week
Photographer: Daniel Acker/Bloomberg
Updated on

China made its biggest purchase ever of U.S. corn in another boost to meeting agriculture targets set in the countries’ first-phase trade accord.

The U.S. Department of Agriculture said Tuesday that exporters sold 1.762 million metric tons of corn, the fourth-biggest spot deal ever for the grain. The agency on July 10 reported a sale of 1.365 million tons to China.