USDA attache sees China 2026/27 corn imports steady at 8 million T

March 19 (Reuters) - Following are selected highlights from a report issued on Thursday by the U.S. Department of Agriculture's (USDA) Foreign Agricultural Service post in Beijing:

"China's MY (marketing year) 2026/27 total feed and residual use of major grains is forecast to increase slightly to 290.7 MMT (million metric tons), up from 289.5 MMT in MY2025/26. Corn production is forecast to rise to 305 MMT, with consumption reaching 323 MMT and ending stocks falling to 168 MMT. Corn imports are expected to remain flat at 8 MMT. Sorghum feed use is forecast to increase modestly to 8.0 MMT, while barley feed use holds steady at 8.7 MMT. Wheat and rice feed use are both expected to remain stable.

".... Nationwide corn prices grew by 7% year-over-year between the 2025 harvest and the first quarter of 2026, as persistent rainfall issues in North China extended into October, leading to a significant downgrade in corn quality. The scale of downgraded corn is estimated by industry to be 20-30 MMT."

To read the full report, click: https://tinyurl.com/yr7hy69p