China Increased Use of Wheat in Feed

China’s increased use of wheat in the feed may reduce corn imports to the country

In order to get rid of excessive wheat stocks, China is seeking to increase its use for feed, thereby reducing the use of corn for these purposes, Reuters reports

This decision is expected to reduce the volume of corn imports to China, whose main suppliers to the Chinese market are the United States and Brazil. In particular, Brazilian corn supplies to China are already lagging behind last year’s figures.

In addition, in recent weeks, China has canceled deliveries of more than 800 thousand tons of contracted U.S. corn, as buyers expect lower prices for the grain at the end of the year.

Source: Apkinform

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