date:Jul 16, 2013
ove $5 a bu early this week after jumping to $5.27 a bu on July 11. Prices were down from recent highs around $5.70 a bu in mid-June.
Though most market observers expect U.S. corn futures prices to grind lower through the summer until harvest on expectations of a record large 2013 crop, Mr. ODea said China was not compelled to wait and try to predict a market bottom, mostly because the price of imports was already quite low compared to the price of its own corn.
Mr. ODea said corn grown in Chi