U.S. Department of Agriculture announces China cancels corn purchase
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Last Update: 2002-02-28
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Source: Internet
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Author: User
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Introduction: data transmission network of the United States on February 27: the U.S Department of agriculture finally confirmed Tuesday's market rumors Private reporters reported to the U.S Department of agriculture that 500000 tons of corn sold to China had been cancelled Traders have been questioning China's real intention to buy the corn When China bought $80 million worth of corn last year, many people speculated that these were just trading positions, not for actual shipment Yesterday, traders said that the cancellation of China's purchase would make us corn exports worse As of February 21, the cumulative shipment of corn in the United States in 2001 / 02 was 804 million bushels, lagging behind 873 million bushels last year.
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