US corn production and consumption are expected to increase this year

Introduction: a senior spark official told the winter Seminar on marketing services that corn production and consumption in the United States are expected to increase this year But erry gulke, President of marketing services, said he expected corn acreage in the United States to be larger than Sparks' estimates If corn production is expected to increase, does that mean corn prices will remain depressed? No, said Rob Westmoreland, Spark's vice president of feed grains The inventory is sufficient, but not excessive In the current economic situation, the demand remains at a fairly good level In fact, inventory is still tight Just one big climate problem is enough to lead to very interesting things in the market He said people who expected China to increase its purchases in the past are disappointed The Chinese government is slow to change and its market may not open until September He added that the market confusion caused by China's genetically modified regulations could not be solved soon China's accession to the WTO will mean that it cannot subsidize corn exports But he still warned that there are still some signs that international traders are buying Chinese corn, and that China's corn sales to South Korea this year are all resale Sparks does not expect much change in the US corn lending rate this year because soybean profits are still better than corn Westmoreland claims that its company's first planting intention survey report shows that corn planting increased more area than we expected in the past Jerry gulke, President of marketing services, said he disagreed with sparks "My income this year shows that corn is better than soybeans," he said The fluctuation of soybean price makes the loss relatively less.