By AGDAY TV
China was back buying U.S. ag goods to start off the week, sending some mixed messages as the buys also came with cancelations.
USDA confirmed on Monday China purchased just over 1 million metric tons of new crop corn, but USDA also announced the country was canceling a buy of 280,000 metric tons of old crop corn.The major buy came on the heels of Beijing buying up 1.36 million metric tons of new crop corn last week.
Trade sources are also reporting China was buying corn from Ukraine and Canada for new-crop delivery last Friday.