China makes another big buy of U.S. corn

Agriculture

I’m Tyne Morgan with today’s AgDay Minute.

The corn market extending this week’s rally, touching a seven and a half year high briefly in prices earlier this week, as the product continues to head to China. USDA announcing a sale of 680-thousand metric tons of corn to China. It comes just a day after the country bought roughly 200-million gallons of U.S. ethanol, the largest purchase of ethanol EVER by China, and 1.36 million metric tons of corn or 53-point-5 million bushels. That’s the largest buy since last summer. According to Pro Farmer, there is increasing speculation about possible food shortages in China.

Americans continue to open businesses as they adapt to COVID-19. A new report from the review website Yelp shows more than 18-thousand restaurant and food businesses opened in the final quarter of the year. That’s down only slightly from 2019. Openings in-home services, such as landscaping and painting, office cleaning, and consulting outpaced 2019.

Experts say it could be a result of high demand as more people stayed home, and people forced to do something else because of layoffs. And you’re looking at the world’s record when it comes to pear pies. In total, 2,209 pies were made, setting the Guinness World Record. They were produced by more than 100-chefs from across the United Arab Emirates using USA Pears. About 55-hundred pounds of pears in total were used to it. After getting the record, the pies were donated to charity.

For more Ag news watch AgDay, weekdays on this station. Or anytime, at agweb.com.

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