China Bought 37% of Next Year’s Corn Imports from U.S.

China has tapped the U.S. for more than a third of next season’s expected corn imports, accelerating its pace of buying from the world’s top supplier to fill its growing grain needs.

A report atYahoo Financesays the Asian nation bought about 9.5 million metric tons of U.S. corn from the 2021-22 season so far this month, according to U.S. Department of Agriculture figures. The agency expects China to import around 26 million tons from worldwide suppliers for the period that begins in September.

The country’s purchases from the U.S. are happening as dry conditions threaten crops in Brazil.