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June 2002 Edition
Corn Competition Continues to Contract
![3 pie charts that compare corn exports by country (U.S., South America [Argentina, Brazil, and Paraguay], China, and others) for three market years: 2000/01, 2001/02, and 2002/03 (forecast)](graint3.gif)
Despite higher forecast U.S. prices, reduced global competition will enhance U.S. export potential. Argentine corn exports will be severely constrained by reduced production in response to shrinking plantings. Economic uncertainty and higher anticipated returns favor soybeans. Meanwhile Brazil has run out of exportable supplies due to expanding domestic use and a corn crop that is expected to be 15% smaller than the previous year's record. Additionally, Hungarian exports are anticipated to contract as production declines. In contrast, expanding production and large carry-in stocks provide China with ample exportable supplies. China will make use of its freight advantage in order to export to Asian markets, such as South Korea and Malaysia.
Complete Grain Report in PDF: Text and Tables
All Grain Summary Tables: Foreign Countries and US Data
Situation and Outlook: Commentary and Current Data
General Footnotes for Grain Tables
Grain and Feed
Contact List
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