date:Nov 12, 2012
Japan has bought at least 500,000 metric tons of U.S. feed-grade corn for January-March shipment, stepping up purchases from the world's top exporter despite higher costs compared with Brazilian corn, as shipments from the South American country have been delayed, several trading executives said separately Friday.
Around 900,000 tons of Brazilian corn scheduled to be shipped to Japan between July and September has been delayed over to this quarter, the executives said.
Cargoes are taking up to