date:Jan 17, 2013
.50 a bu, said Mr. Basse.
China is the great governor of corn demand, he said. If prices go high, China will stand back, but if prices go lower, they will step in.
Even if U.S. corn prices are only able to decline to the $5-to-$6 a bu range, Mr. Feltes said, he would expect more Chinese purchases of U.S. grain. But at upwards of $7 a bu, it seems expensive, he said.
Despite the difficulty predicting the future, analysts find it tempting to forecast a pattern of increases in corn imports to Ch