China purchases another record amount of US corn, Reuters reported.
On July 29, China purchased 1.937 million tonnes of corn to be delivered during the 2020-21 marketing year, according to the US Department of Agriculture (USDA).
The marketing year for corn began Sept. 1.
Despite the recent large purchases of corn and the record purchase of US soybean China made on July 16, uncertainty still remains on whether China will be able to fulfill the phase one trade deal between the two countries.
Tensions between the United States and China is generating concern that phase one of the trade agreement could be interrupted, Reuters reported citing Jim Sutter, chief executive officer of the Soybean Export Council, speaking during a virtual town hall with agriculture leaders.
“They’re worried that there could be a disruption in the implementation of the phase one agreement,” Sutter said. “That uncertainty is not good for future purchases.”