USDA makes minimal changes to China balance sheets
In the March WASDE report, the USDA increased its estimates for China’s barley imports to 11 million tons for 2025/26, up from 10.5 million tons previously.
This also increased China’s feed use of barley from 8.7 million tons to 9.2 million tons.
Cotton production was raised from 35 million tons to 35.5 million tons. This also increased production of cottonseed by 166k tons, with that increase also raising feed use.
Oat imports were raised by 10...