date:Oct 18, 2012
eady-depressed levels of last year. That doesn't include the 25.5% drop expected in U.S. corn exports.
Bryan Lohmar, who represents USGC in Beijing, expects China to watch the world corn market closely and book sporadic imports on any dip in prices. Just ahead of harvest, Beijing released corn from government reserves, in an effort to keep down food inflation. Lohmar expects China to use price dips to book foreign corn to restock those reserves.
In order to be ready for inflation or a poor crop