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China stuns market with monster corn purchases – North Queensland Register
China has shocked the world with the biggest grain buying spree since the Great Grain Robbery of 1972.
WORLD grain markets are struggling to make sense of a monster corn buying spree from China.
The Asian giant ramped up its buying program from the US, taking hold of 5.8 million tonnes of corn last week, including a huge 2.1 m tonnes on Friday alone.
Market analyst Andrew Whitelaw, Thomas Elder Markets, said he believed the last time there had been such high levels of buying in such a small timeframe was way back in 1972 during the so-called Great Grain Robbery when the then Soviet Union bought large…
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