A University of Missouri ag economist says the USDA’s estimates for China’s corn imports and ending stocks might be off.
USDA has China’s corn imports pegged at 26 million metric tons, but Ben Brown with MU’s Food and Agricultural Food Policy Institute tells Brownfield the corn market tells him otherwise.
“Everything suggests they’ve imported more than that,” he said. “It also suggests that their ending stocks are much tighter than 198 million metric tons the USDA’s got reported.”
But he said it’s difficult to accurately estimate China’s corn production because it might be stored in small bins across the country in hard to access areas.
