Farm Progress

Max Armstrong shares insight on China's shrinking corn stockpile. (podcast)

January 27, 2017

Don't bulldoze down that library just yet - book sales have risen for past three years. 

It's no secret that China has plenty of corn, which has been stored for several seasons. It is no longer fit for man or beast, so they are making stuff out of the corn. They are making biodegradable plastics. This is quite a shift for a nation that has avoided using corn for anything other than food. Making that stockpile a little smaller may eventually help boost corn prices.

The 20% tariff proposed for imports from Mexico will add $2,300 to the cost of a car, which will corporate officials say may be offset by Trump's plan to lower corporate taxes and lower fuel efficiency standards.

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