Attache: China's Overproduction in 2016 Will Add to Bulging Stocks

Posted on 03/09/2017 10:24 AM
The U.S. ag attache in China says the country's "huge grain stocks continue to impose severe pressures on China's production and trade policies." It says while it recognizes it needs to reduce high guaranteed prices for producers -- especially corn -- it has "not articulated when or how it will do this." As a result, the attache says C...