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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, December 25, 2024
Day one of the mission was loaded with information and experiences that gave the delegation a good idea of what kind of market Chile can be for U.S. ag products.
Mexican President Andrés Manuel López Obrador may have thought he was offering a reasonable compromise when he told U.S. Agriculture Secretary Tom Vilsack that Mexico would remain open to importing genetically modified feed corn, but American farmers don’t see it that way.
China has again committed to a substantial purchase of U.S. corn for the 2021-22 marketing year, reinforcing optimism that demand from the country is long term.
The USDA announced Friday export sales of a whopping 1.36 million metric tons of U.S. new crop corn to China for delivery in the 2021-22 marketing year. The purchase comes amid growing concerns that dryness could stunt Brazil’s second harvest.
China is on a corn-buying spree. USDA has announced large daily export sales for the 2020-21 marketing year on four of the five days this week, culminating with a sale of 800,000 metric tons to Chinese buyers on Friday.