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China books biggest deal for U.S. corn since May 2021

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. The deal comes as shipments from Ukraine, the world’s fourth biggest exporter of corn, are snarled following 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.

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