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Overnight Video: Earthereal

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Love-Child of Cassandra and Sisyphus4/28/2012 1:46:45 am PDT

Chinese increased hunger for meat will show up at your grocery store:

Corn Prices Surge on Export Sales

Corn prices jumped 4.6% after the federal government reported the sixth-largest export sale ever for the grain, which analysts believe is headed for China.

The sale, the latest indication of the Chinese appetite for U.S. corn, coincided with analysts’ expectations in recent weeks that China would make a large purchase from the U.S. to help replenish its reserves. China’s state-owned grain-stockpiling enterprise, China Grain Reserves Corp., said in March that it would continue to import corn this year if it found a need or if doing so would be profitable.

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