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Foreign grain buyers touring IL farms

Tue, 11 Sep 2012 15:12:52 CDT
By: AP

Grain buyers from around the world are touring Illinois farms this week. Buyers in the international delegation are from China, Malaysia, Mexico, Peru, Singapore, South Korea, Taiwan and Vietnam. They are accompanied by members of the Illinois Department of Agriculture. Department official Jim Mackey says the buyers are particularly concerned about drought damage. Mackey says the buyers could be wondering if that means prices are higher. The University of Illinois has released a report that found export demand and pricing will depend on final yields from U.S. corn producers. Illinois agriculture officials say the drought forced the department to move up this year's trade delegation visit because the early start of harvest.

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