China bought some US corn – not as much as the rumors had been saying but still better than nothing. The China sale and the flooding in the US corn belt was enough to push corn prices higher and add a few dollars to the export basis. The concern with the flooding is both the possible delay to corn planting and the difficulty in getting corn to ethanol facilities. It is reported that several ethanol facilities have had to close down due to the flooding, especially in Nebraska, Iowa and South Dakota......please click PDF to see more details