Changes in global corn production and domestic production vary

Introduction: the US Department of Agriculture Foreign Agricultural Service reported that corn production outside the US is expected to increase by 1.2 million tons or 33% to 361.4 million tons this month, due to the weakening drought in Romania and Hungary In 2002 / 03, the situation of major corn exporting countries was different Corn production is expected to decline in Argentina and Hungary, but is expected to increase in China and Brazil However, the total corn production of these four countries increased by 10.4 million tons compared with that of 2001 / 02 China's corn harvest is expected to increase by 500000 hectares over last year as the three northeastern provinces continue to implement strong conservation prices It is expected that the per unit yield will recover from the level of drought decline in the past two years Argentina's corn harvest is expected to fall 11% from the previous year High inflation and a 20 per cent tariff on corn exports will reduce the acreage planted in Argentina Brazil's corn production is expected to increase by 10% compared with the crop failure caused by the drought in 2001 / 02 Brazil's corn area is expected to return to its recent historical normal level, due to the weakening of soybean expansion area in the main southern production area last year It is estimated that the planting area of summer crops will increase the most in the main seasons, with summer corn accounting for about 85% of the total corn output of the whole year Corn planting in Argentina and Brazil began in October Hungarian corn is planted in April and is expected to be harvested later in autumn.