{"id":1671,"date":"2011-10-07T17:58:15","date_gmt":"2011-10-07T17:58:15","guid":{"rendered":"https:\/\/grains.org\/ltamex\/u-s-trade-potential-in-china\/"},"modified":"2011-10-07T17:58:15","modified_gmt":"2011-10-07T17:58:15","slug":"u-s-trade-potential-in-china","status":"publish","type":"post","link":"https:\/\/grains.org\/ltamex\/u-s-trade-potential-in-china\/","title":{"rendered":"U.S. Trade Potential in China"},"content":{"rendered":"<p>On Tuesday, the Council released estimates of China\u00e2\u20ac\u2122s 2011 corn production based on its annual Corn Harvest Survey. The Council projects a bumper crop of 167 million metric tons (6.6 billion bushels).<\/p>\n<p>Tom Dorr, USGC President and CEO, Kevin Rempp, USGC Advisory Team member, and Don Hutchens, Executive Director for Nebraska Corn Board, presented details of the tour in a press conference that morning, including analysis on harvest conditions, crop quality and yield determinants.<\/p>\n<p>The Council believes that China\u00e2\u20ac\u2122s projected corn production, while likely a record, is insufficient to fully meet domestic demand, and that China will need to import in order to fill the trade gap and replenish stocks.<\/p>\n<p>The graph above shows that China\u00e2\u20ac\u2122s corn consumption has exceeded production by 40 million tons (1.6 billion bushels) over the last seven years, drawing stocks down below comfortable levels.<\/p>\n<p>Click <a href=\"http:\/\/www.flickr.com\/photos\/usgc\/sets\/72157627811355972\/\" target=\"_self\">here <\/a>to see photos from the tour, or <a href=\"http:\/\/usgcaudio.podbean.com\/wp-content\/plugins\/podpress\/podpress_backend.php?podPressPlayerAutoPlay=yes&amp;standalone=yes&amp;action=showplayer&amp;pbid=0&amp;b=180751&amp;id=2151358&amp;filename=http:\/\/usgcaudio.podbean.com\/mf\/play\/hkfwrt\/ChinaCornTourCall10-04-11Wrap.mp3\" target=\"_self\">here <\/a>to listen to a Council Cast recording of the press conference.&nbsp; A <a href=\"\/sites\/default\/files\/pdfs\/2011_China_Corn_Tour_Webinar_Compressed.pdf\" target=\"_self\">PowerPoint PDF <\/a>of the tour is also available.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday, the Council released estimates of China\u00e2\u20ac\u2122s 2011 corn production based on its annual Corn Harvest Survey. The Council projects a bumper crop of 167 million metric tons (6.6 billion bushels). Tom Dorr, USGC President and CEO, Kevin Rempp, USGC Advisory Team member, and Don Hutchens, Executive Director for Nebraska Corn Board, presented details &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/grains.org\/ltamex\/u-s-trade-potential-in-china\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;U.S. Trade Potential in China&#8221;<\/span><\/a><\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[],"tags":[],"commodity":[12],"country":[18],"region":[],"topic":[],"class_list":["post-1671","post","type-post","status-publish","format-standard","hentry","commodity-corn","country-china"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>U.S. Trade Potential in China - Am\u00e9rica Latina<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/grains.org\/ltamex\/u-s-trade-potential-in-china\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Trade Potential in China - Am\u00e9rica Latina\" \/>\n<meta property=\"og:description\" content=\"On Tuesday, the Council released estimates of China\u00e2\u20ac\u2122s 2011 corn production based on its annual Corn Harvest Survey. The Council projects a bumper crop of 167 million metric tons (6.6 billion bushels). 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The Council projects a bumper crop of 167 million metric tons (6.6 billion bushels). 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