The most useless phrase in known history is
"In the name of jesus"
China has received its first ever corn shipment from South Africa, bolstering push to diversify away from the United States. The delivery comes after Chinese buyers cancelled 562,800 tonnes of U.S. corn orders in the last week of April.
China has also updated a list of approved Brazilian corn exporters, which jump-started imports from the South American country.
The surge in Brazilian and South African imports has triggered a wave of cancellations of U.S. corn purchases, pushing corn futures to multi-month lows amid concerns over demand.
