The first of two corn stock clearance auctions undertaken by China’s National Grain Trade Centre saw 3.3 MMT eared out over 90% of the volume that was set to be auctioned across four northern provinces. The auction, for 3.8 million mt of corn from 2013 through to 2015, was undertaken to control creeping domestic prices and further reduce corn stock levels, particularly for some of the older stocks. Corn stocks totalling 383,295 mt produced in 2013 and 2015 were all said to have sold out, while 92% of the 2014 volume 2.9 MMT from 3.2 MMMT was sold off.