U.S. corn prices slump as top buyer China turns to Brazil

Beijing's push for food security boosts imports from South American country

20230929N U.S. corn

Weakening demand on top of high supply is weighing on U.S. corn prices. © Reuters

MISA HAMA, Nikkei staff writer

TOKYO -- U.S. corn prices have slipped to their lowest levels in almost three years as China ramps up imports from Brazil, cutting into demand for American exports ahead of an expected bumper crop.

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