The US will displace Ukraine as China’s top source of corn this year

as predicted on the China’s Global Times news website. In the first two months of this year, China’s corn imports increased by 414% yoy, to 4.8 million tons. The US pulled ahead of Ukraine, largely due to the Trump-era US-China trade accord. With the marketing year ending June 30, the US Department of Agriculture has predicted that China will import a record 24 million tons of corn.

Corn exports are down 25% yoy in the first half of the October-September 2020 marketing season,

 reported APK-Inform. Of the 15.9 million tons exported so far, the top markets were: China – 6 million tons; EU – 5 million tons; and Egypt – 1.7 million tons. This year, Ukraine is expected to export 23 million tons of its 30-million-ton crop. Poor weather and reduced plantings depressed the harvest.