China Made Its Largest Corn Buy Since May, and It May Be Just the Start
China came in with a major buy to start the week. USDA confirmed in its daily export sales report that Beijing purchased 1.084 million tonnes of U.S. corn, which is the biggest purchase since May 2021.
New Plantings in CRP Not Feasible, According to USDA
Nearly 4 million acres of CRP expire this year. Secretary Vilsack wrote to National Grain and Feed Association's Mike Seyfert to share converting CRP is “unfeasible.” However, Vilsack did offer one caveat in his letter.