China Set to Import Brazilian Corn in Challenge to U.S. Supply

(Bloomberg) — China may start importing corn from Brazil as early as December, part of a drive by the world’s top buyer to reduce dependence on the U.S. and replace supplies from Ukraine cut off by the Russian invasion.

Some 45 facilities owned by companies including Bunge Ltd., Cargill Inc. and Archer-Daniels-Midland Co. have been pre-approved by Brazil to export to China, a list seen by Bloomberg shows. The final total will be higher because of a large number of requests, said a person familiar with the matter, who asked not to be identified as talks continue. The final list is likely be sent to China in November.