date:Oct 18, 2012
, Beijing carries much more corn in reserve than the U.S. does, and it will import corn in order to maintain those reserves. USDA estimates that China's corn carry-in and carryout will both be over 1.5 billion bushels this year. That's far above U.S. carry-in this September of 988 million bushels and U.S. carryout next September of 619 million bushels.