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September 2001 Edition
China Revs Up Corn
Export Program...
But Impact on US Exports
Largely Mitigated
Chinese corn exports are forecast up 3 million
tons to 4 million based in part on recent unexpected sales, in a
likely attempt to reduce stocks before joining the WTO. Chinese
domestic prices are above world levels, therefore requiring an
export subsidy. However, they will not be able to subsidize sales
after they join the WTO.
Since the United States normally dominates the Asian market,
larger Chinese exports usually directly reduce US market share.
However stronger demand, mainly in Canada, will largely mitigate
the impact. As a result, US exports are currently projected to
fall only 500,000 tons from last month, to 51,000 million.
Complete Grain Report in PDF: Text and Tables
All Grain Summary Tables: Foreign Countries and US Data
Situation and Outlook: Commentary and Current Data
General Footnotes for Grain Tables
Grain and Feed
Contact List
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