China Buys 1M Tonnes of U.S. Corn

Chinese buyers bought 1.084 million tonnes of U.S. corn, their biggest purchase of U.S. grain since May 2021, the U.S. government said on Monday.

According toReuters, the deal comes as shipments from Ukraineare snarledfollowing Russia's invasion.

China had been a big buyer of Ukrainian corn and the fighting, which also has disrupted spring planting season, has created uncertainty about their reliability as a supplier.