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U.S. Grain Council expects record Chinese corn purchases to continue

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U.S. Grain Council expects record Chinese corn purchases to continue

A senior director of the US Grain Council’s Global Program predicts that China’s record purchase of US corn will continue this year.

Cary Sifferath told Brownfield at the end of August’s 2020-2021 marketing year that China stood out as a fairly new player in the US’s large-scale corn purchases.

“I saw them come and buy 842 million bushels of US corn. This is a new record for exporting that amount of corn to a single market. It was the Soviet Union in 1987. I believe it will break old federal records. “

He says that China has rebuilt hog cholera from African swine fever with higher quality feed that requires more modern farms and more high quality corn. He says their poultry and corn processing industry is also a large user of corn.

“This is not a one-time event. We believe China will need to import corn and other forage grains over the next few years.”

He says China contributed to the overall record of US corn exports during the marketing year.

“At least for now, total corn exports for the 2020-21 marketing year appear to be about 2,636 million bushels, which is also the highest ever record for corn exports in the United States.”

While pandemic restrictions are hampering domestic trade visits, the USGC offers creative ways to provide grain buyers from China and other partners with up-to-date information on US corn status and transportation. He says he found it.



U.S. Grain Council expects record Chinese corn purchases to continue

https://brownfieldagnews.com/news/us-grains-council-expects-record-chinese-corn-purchases-to-continue/ U.S. Grain Council expects record Chinese corn purchases to continue

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