News Snapshot:
China is ramping up corn purchases from the United States as Russia’s invasion of Ukraine snarls grain exports and puts spring plantings in doubt, pushing prices higher in Chicago. The world’s top importer scooped up 200,000 metric tonnes of corn last week for shipment in the season beginning September 1, US Department of Agriculture data showed on Thursday, the most since December. While China was only the fourth-largest buyer for the week, the sale was notable since the Asian country had been purchasing supplies from Ukraine. China was also the leading buyer of US soybeans, picking up more than 800,000...
