US trade skeptical of huge China corn imports

Newswire

By Sam Nelson CHICAGO, March 23 (Reuters) - U.S. grain traders on Friday shrugged off a news report that China would import a huge amount of corn this year, choosing to focus instead on how a wet spring could hamper corn seedings in the Midwest. "Zero chance. Two-weeks ago they were expected to export an extra 2.0 million tonnes, it's just implausible they would import 9.3 million tonnes," said Charlie Sernatinger, analyst for Fortis Clearing Americas. Interfax China reported on Friday ...

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