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Chinese may be interested in U.S. corn

Major feed millers in southern China may be looking to buysome U.S. corn.

According to FarmFutures.com, it’s not because China is short of corn. It’s because the price of U.S. corn is running even, to slightly less, than local Chinese corn shipped into the southern China ports. And that’s even with additional taxes and dutiesimposed on U.S. corn imports.

A U.S. Grains Council official says the Chinese government is trying to hold corn prices high to encourage more production this year. Southern China is a corn deficit area that has to bring corn in from northern China.