TOKYO — U.S. corn, a mainstay of animal feed and bioethanol, is increasingly going to Europe, Japan, South Korea and other countries as China works to end its dependence on American-grown produce.
Demand has declined in China amid the ongoing tensions with the U.S., highlighting the relative affordability of the U.S.-grown crop. Political factors like the Trump administration’s tariffs are also changing global consumption patterns. With the harvest to begin from around September, corn prices will come under even more downward pressure as supply increases.
