Commodity traders say Chinese corn and corn substitute imports may drop 50 percent this year, following a record volume of imports in 2015. Pro Farmer’s First Thing Today reported the drop was expected for multiple reasons. For one, China's year-long investigation into U.S. dried distillers grains imports is expected to drastically curb the country's purchases. Second, China plans to reform its state corn purchase pricing so that the market determines domestic corn prices. This is aimed at curbing both its imports and large state reserves. Other analysts point out that government control over import permits could cut imports, noting that China has been slow to issue import permits for other commodities since September.
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