Coarse Grain Outlook
World coarse grain area remains more or less flat with increase in corn area offset by decline in barley and sorghum area.
Corn trade is projected to increase by 35 percent over the next decade. Most of this growth is likely to come from developing regions.
Developing Asia remains to be the fastest growing market for corn in the next decade, despite recent economic turmoil.
- Steady rise in Taiwan’s corn imports due to expanding poultry production and their rebuilding of hog production.
- Slow recovery of South East Asian corn imports as they recover from the crisis.
- India is projected to import small amount of corn because of recent import liberalization and growing feed demand.
Continued decline in feed consumption keeps the FSU as a small net exporter of coarse grain.
Eastern Europe expands corn exports due to faster growth in corn production relative to consumption.
Argentina continues to be a strong competitor for U.S. corn, expanding the export from 7.67 to 9.3 mmt.