China: Grain and Feed Update

Overall grain production is expected to fall in MY2018/19 due to weather-stress and a flurry of domestic support and trade policy developments. In addition to escalating trade tensions, China’s leadership is swiftly reshaping the value chain and market structure for grain and feed products with long-term implications. Winterkill and torrential rains have adversely impacted significant portions of Henan and Anhui provinces, major winter wheat production areas. Dry weather in Liaoning province will impact a larger area of corn production in MY2018/19 than in MY2017/18, lowering overall yield potential.

China: Grain and Feed Update