For years we have known the importance of soybeans to China and the huge player China is in regards to soybean imports. Could we see the same thing developing in regards to corn demand in China? The linked Bloomberg report certainly says so. It is predicted that by 2021 China will become the largest importer of corn around the world. Note the chart from Bloomberg and read the linked article.
China to Surpass Japan as Top Corn Buyer
Discussion Points
- What have been the historical trends in corn imports and exports around the globe?
- What is driving the increase demand for corn in China?
- What countries will benefit from the trend we are seeing? How will they benefit?
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