I am watching the Chinese corn import projections from the USDA. The USDA has been plugging in corn imports by China at 7 Million Metric Tons (mmt) or 275 million bushels. The Ag Attaché in China is projecting Chinese imports at 22 mmt (865 million bushels). I doubt that the USDA report will move that high in the report today, but I think that China will eventually need to import over 20 mmt of corn.
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