China: Grain and Feed Annual

Post forecasts MY 25/26 China corn production at 300 MMT, up 1.7 percent from MY 24/25, while corn imports are forecast at 8 MMT, lower than MY 23/24 levels due to China's focus on grain self-sufficiency. Wheat and rice production are expected to increase slightly on improved yields and stable planted area, while sorghum and barley imports are projected to decline based on a number of market and non-market factors. Industry analysts have shared that larger-scale stock rotations happen every three to five years and 2025 is scheduled to be a stock rotation year for some grains and oilseeds in China's national reserves. Beijing announced retaliatory tariffs on March 4, 2025 on 740 U.S. agricultural product tariff line items, including 15 percent on wheat and corn and 10 percent on sorghum.