Matt Pierce shares this article on projections for Chinese imports of US corn:

CHICAGO, Feb 3 (Reuters) – Following its first large

purchase of U.S. corn in more than four years in 2010, China

may need to import as much as 9 million tonnes of corn this

year, an official with the U.S. Grains Council said on


“Estimates given to us were that China is short 10-15

million tonnes (394 million to 591 million bushels) in stocks

and will need to purchase corn this year,” USGC chairman Terry

Vinduska said in a statement.

“We learned the government normally keeps stocks at 30

percent but they are currently a little over 5 percent, which

may lead to imports of 3-9 million tons (118-354 million

bushels),” Vinduska said.

The U.S. Department of Agriculture has projected that China

will import 1 million tonnes of corn in the 2010/11 marketing

year ending Aug. 31, but many private forecasts are

considerably higher.

China’s 2009 corn harvest was reduced by a drought, and the

country’s demand for animal feed has been booming.

While in China last week, officials from the Grains Council

and the National Corn Growers Association met with analysts and

industry experts who said corn demand in China remains strong

because of an economy growing at 8 to 10 percent annually.

The group also discussed China’s anti-dumping investigation

against imports of U.S. distiller’s dried grains (DDGS).

“We found that importers would like to more than double the

3 million tons of U.S. DDGs (that) China imported last year,

eventually reaching 10 million tons in annual imports,”

Vinduska said.

“However,” he said, “they recognize the tremendous growth

shown in 2010 may need to slow down to allow internal markets

to adjust. One way to slow the growth was to launch the

anti-dumping case.”