2021 Fall Farm

2021 Logan County Fall Farm Outlook Lincoln Daily News Oct. - Nov. 2021 Page 21 “China has imported about 23 million tons in the 2020-21 marketing year, close to USDA’s forecast of 26 million tons. The department kept its official forecasts unchanged for 2021- 22, while the USDA Foreign Agricultural Service said imports would likely be 20 million tons.” One of the reasons China has such a high demand for grain is due to hog operations. As of September, China’s 2021/2022 feed consumption was down 3 million tons from the previous month’s forecast. In another report Hallie Gu and Shivani Singh wrote that any expansion of hog production was expected to slow down due to lower prices of pigs in China. This is because hog prices have fallen over concerns surrounding African Swine Fever outbreaks. Feed producers also reduced the use of corn by utilizing alternative grains, such as wheat and rice. As of mid-October, a second report from Huffstutter suggested that Chicago corn futures continued to drop, and soybean futures continued to fall. “That in turn has prompted the market to closely watch whether Chinese buyers will rush into the market,” said Huffstutter. Traders are viewing these decreases as a warning to avoid looking too closely at overall U.S. grain demand. The corn crop may be doing better than initially thought, but U.S. traders are still not seeing China buying much more right now. It’s difficult to pin a number on just how much grain China will buy from the U.S., or from anyone. There’s a number of reasons why, and it doesn’t look like we’ll have a consensus until after the season is past and the actual statistics are available for study. Sources China cuts 2021/2022 corn forecast as pig prices remain low China’s Import Demand for Corn in Focus, as Brazil’s First Corn Planting Underway GRAINS-Corn down on U.S. harvest pressure, soybeans up GRAINS-Corn futures drop to four-week low, soybeans fall, on big grain stocks Ida Aftermath Stymies Grain Exports as Trade Routes Altered, China Eyes Brazil Soy