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Grain Futures Rebound on Chinese Buying, Frost Concerns

China books U.S. corn after earlier soybean buying

U.S. grain and soybean futures prices rebounded on Thursday on renewed Chinese buying of corn and soy and as forecasts for sub-freezing temperatures across the country stoked concerns that some vulnerable crops may sustain damage, reports Reuters.

The USDA on Thursday confirmed private sales of 686,000 tonnes of U.S. corn to China for shipment in the current and upcoming marketing years.

Frosty temperatures expected in the U.S. Midwest on Saturday could threaten newly planted corn crops and developing soft red winter wheat.

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