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Excerpt from Agricultural Trade Highlights, Vol. 12: December 1991
China could hit a new record for corn exports to countries which are also primary u.s. Markets. With recent increases in the estimated production and the consequent pres sure on limited storage facilities, China is likely to export more com than had been anticipated. Higher wheat prices could induce South Korea to shift some additional feed grain purchases from feed-quality wheat to Chinese corn. Last year, South Korea purchased million tons of corn from China million tons from the United States), but also purchased a record million tons of feed-quality wheat.
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