Global Grain Inventories and China
by David A. Widmar
One could summarize the current focus of grain markets with three phrases: low prices, large crops, and growing inventories. This has been especially true given strong U.S. corn, soybean, and wheat yields in 2016. Several reports of large piles of grain around the country and world, especially in China, have further captured this reality. This week’s post takes a look at corn, soybean, and wheat global grain inventories and China’s share of the market.