NEWS
China Stockpiling Soybeans, Corn
Fri Nov 15, 2013 07:58 AM CST

BEIJING (Dow Jones) -- The government will continue to stockpile soybeans and corn this year from farmers to maintain a stable market, the National Development and Reform Commission said in a statement Friday.

It will buy soybeans from farmers at 4,600 yuan a metric ton and corn at a range between 2,220 and 2,260 yuan a ton, it said.

Soybean support prices didn't change from last year, but the government's offer for corn was higher than the 2,100-2,140 yuan range it offered last year.

The latest round of stockpiling is scheduled to end on April 30 next year, the NDRC ...

Quick View
Related News Stories
DTN Daily Basis Comments
DTN Plains, Prairies Closing Comments
DTN Daily Feedstuffs Comments
DTN's Grain Quick Takes
DTN Plains & Prairies Opening Comments
DTN Plains, Prairies Closing Comments
DTN Daily Feedstuffs Comments
DTN Plains & Prairies Opening Comments
Weekly Grain Export Sales Mixed
DTN Plains, Prairies Closing Comments