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China may import less corn, soybean this year amid growing global grain prices
By Global Times
Published: Aug 30, 2022 09:59 PM
China may import less corn and soybean this year, agricultural experts said on Tuesday, after US corn futures price hit a 2-month high as drought is expected to cut into crop yields.
Chicago Board of Trade corn futures price recorded a two-month high on Monday at $6.83 a bushel, and wheat futures price reached an August high of $8.4275. But soybean futures slid to $14.3775 later as the crop has been less affected by the dry and hot weather.
"US feed grain production in 2022 is forecast to be 6.3 million tons lower this month, reflecting lower yields in corn, sorghum, and barley. US corn production is lowered 146 million bushels on a 1.6 bushel per acre yield drop to 175.4 bushels," read a market outlook by the US Department of Agriculture (USDA) updated on August 16.
more....
zhttps://www.globaltimes.cn/page/202208/1274245.shtml
China may import less corn, soybean this year amid growing global grain prices
By Global Times
Published: Aug 30, 2022 09:59 PM
China may import less corn and soybean this year, agricultural experts said on Tuesday, after US corn futures price hit a 2-month high as drought is expected to cut into crop yields.
Chicago Board of Trade corn futures price recorded a two-month high on Monday at $6.83 a bushel, and wheat futures price reached an August high of $8.4275. But soybean futures slid to $14.3775 later as the crop has been less affected by the dry and hot weather.
"US feed grain production in 2022 is forecast to be 6.3 million tons lower this month, reflecting lower yields in corn, sorghum, and barley. US corn production is lowered 146 million bushels on a 1.6 bushel per acre yield drop to 175.4 bushels," read a market outlook by the US Department of Agriculture (USDA) updated on August 16.
more....
zhttps://www.globaltimes.cn/page/202208/1274245.shtml