China's buyers balk at U.S. corn on trade fears, GMO controls 7:42am EDT [Reuters]
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Source: Reuters
China's buyers balk at U.S. corn on trade fears, GMO controls | Reuters 4 Min Read BEIJING (Reuters) - China’s purchases of U.S. corn have slowed significantly due to worries the grain might be drawn into the trade spat between the world’s two largest economies, and as Chinese customs keeps the brakes on clearances for cargoes, four traders told Reuters. Chinese buyers have canceled multiple cargoes of corn so far this year, the latest product roiled by the China-U.S. trade tensions, traders and industry sources said. Now some traders say they have halted buying from the United States completely despite signs some of the trade tensions may be starting to ease. Chinese Vice Premier Liu He met officials this week in Washington for talks aimed at resolving the tensions, and Beijing announced on Friday it was dropping its probe into U.S. sorghum imports. The waning appetite from one of the world’s top consumers of corn will unnerve U.S. farmers, who have been hit hard by the prolonged tra
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