US Department of Agriculture raised its projection of China’s corn production in 2022/23 marketing year despite concerns of crop damage due to extreme drought condition earlier this year.
USDA raised the expectation of Chinese corn output in this new marketing year to 274 million tons, up 3 million tons from the previous projection, according to the most recent World Agricultural Supply and Demand Estimates (Wasde).
“China corn production is raised as abundant rainfall in key Northeast pr...