Agriculture News: China's corn production forecast at 228 million tons

USDA: China's corn production forecast at 228 million tons The June supply and demand report released by the USDA shows that China's corn production for the 2015/16 marketing year is estimated at 228 million tons, with the May estimate also at 228 million tons, while corn production for the 2014/15 marketing year is estimated at 215.67 million tons. Corn imports for the 2015/16 marketing year are estimated at 3 million tons, with the May estimate also at 3 million tons, and corn imports for the 2014/15 marketing year are estimated at 3 million tons. China's wheat production for the 2015/16 marketing year is estimated at 130 million tons, with the May estimate also at 130 million tons, while wheat production for the 2014/15 marketing year is estimated at 126.17 million tons. Wheat imports for the 2015/16 marketing year are estimated at 1.2 million tons, with the May estimate also at 1.2 million tons, and wheat imports for the 2014/15 marketing year are estimated at 1.5 million tons.

State reserve rapeseed oil sales hit a transaction rate of 6.39% Approved by the relevant state departments, the state temporary reserve rapeseed oil auction held on June 10 concluded successfully. The auction planned to sell 46,922 tons of 2010 rapeseed oil, with an actual transaction volume of 3,000 tons, a transaction rate of 6.39%, and an average transaction price of 5,800 yuan/ton. The transactions by province are as follows: Jiangsu planned to sell 13,824 tons of 2010 rapeseed oil, with an actual transaction volume of 3,000 tons, a transaction rate of 21.70%, and a transaction price of 5,800 yuan/ton. Hubei planned to sell 33,098 tons of 2010 rapeseed oil, all of which failed to sell.