The Rising Influence of Rising Affluence

[DewDiligence]

Corn supply down, demand up, says USDA:

http://online.wsj.com/article/SB10001424052970204224604577027753890663164.html

One place in which federal forecasters do see increased demand for U.S. corn is China. They now expect total Chinese corn imports to reach three million metric tons in the current marketing year, which runs from September to August. That is an increase from the two million tons the agency predicted last month and an even bigger leap from the 980,000 tons China imported in the previous marketing year. Still, many analysts think even the upgraded estimate is too conservative.