USDA forecast report on China's agricultural products (8.28)

According to USDA, China's soybean production is expected to reach 15 million tons, lower than the previous forecast of 15.8 million tons, but higher than the forecast of 14.29 million tons in 1999-00 USDA said that China will crush 15.95 million metric tons of soybeans in 2000-01, higher than the previous 14.4 million metric tons, and also higher than the 99-00 14.62 million metric tons China's final soybean inventory in 2000-01 was 3.44 million tons, and there was no soybean inventory forecast last month USDA predicted that the soybean inventory in 1999-00 was 4.31 million tons, and the soybean inventory in 1998-99 was 2.86 million tons China's soybean export volume in 2000-01 was 150000 metric tons, unchanged from the previous forecast, but lower than 200000 metric tons in 1999-00 China's soybean import volume in 2000-01 market is expected to be 7.25 million tons, higher than the previous 5.75 million tons measured, but lower than the import volume of 9 million tons in 1999-00 USDA said in its monthly forecast report that China's corn production in 2000-01 is expected to reach 115 million metric tons, which is lower than its forecast of 122 million tons in July and 128.08 million tons in 1999-00 USDA said China's corn production inventory for 2000-01 is expected to be 44.98 million tons, higher than its forecast of 32.25 million tons last month, but lower than its forecast of 53.38 million tons in 1999-00 "However, China's corn production is lower, and it is expected to reduce its corn inventory in 2000-01, which is higher than 13 million tons compared with last month's inventory," USDA said USDA estimates that China's corn exports in 2000-01 will be 4 million tons, lower than the 5 million tons predicted last month, and also lower than the 9 million tons predicted in 1999-00 USDA estimates that China's corn imports in 1999-00 are 150000 metric tons, lower than its July forecast of 250000 tons, which is the same as that in 1999-00 China's feed corn consumption is expected to be 93 million tons, down from 90 million tons last month, but higher than the revised 99-00 annual forecast of 90 million tons China feed industry information network hqh (author:)