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China Accelerates U.S. Corn Buying With Record Purchase

China took another step toward meeting agricultural commitments made in the phase one trade agreement with the U.S. with its biggest-ever purchase of American corn. The U.S. Department of Agriculture said Thursday that exporters sold 1.937 million metric tons of corn, the third-largest deal for the grain to any destination. This purchase tops the previous record sale to China arlier this month, when 1.762 million tons were booked.

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