Bloomberg Business of Sports lets you follow the money in the world of sports, reporting on trades, salaries, endorsements, contracts and collective bargaining. The show takes listeners inside the business end of the sports world, and explains what it means to fans and their pocketbooks.
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China is set to import more U.S. corn, with volumes for next year seen hitting the top end of market expectations and squeezing global grains prices.
State-owned food titan Cofco Corp. has sold 10 million tons to domestic private mills and will probably boost purchases from the U.S. even further, according to people familiar with the matter. This could put China’s total imports of the American crop on track to hit 30 million tons next year, the people estimated.