China Is Importing Too Much Corn?

Ports are clogged, and there is corn that’s rotting?

by Jason Burack of Wall St For Main St

Back at the end of April, the U.S. Department of Agriculture’s office in Beijing predicted record corn imports for China in 2021: https://www.bnnbloomberg.ca/china-cor…

Now, we are getting examples from a recent Bloomberg article out on June 11th, 2021 that China has imported too much corn.

China’s Buying So Much Corn That Its Ports Are Getting Clogged https://finance.yahoo.com/news/china-…

According to examples from the Bloomberg article released on June 11th about too much corn clogging ports in China, ships have sat off ports in Southern China for a month with corn that cannot be offloaded. And storage bins are the port are so full of corn that some of it is rotting.

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