date:Oct 18, 2012
c than USGC about China's corn consumption. (Perhaps USDA will revise down its figures later in the year.) According to USDA's October estimate, China's total domestic corn usage is seen rising 6.9 percent in 2012-13 significantly larger than the 3.75 percent increase in the harvest.
In contrast, the U.S. has definitely seen demand destruction in corn. With shrinking livestock herds and shuttered ethanol plants, USDA projects a 7.3% drop in U.S. domestic corn consumption this year over the alr