Corn exports have increased, though domestic prices have dropped, as producers turn to alternative feed ingredients including rice and wheat in Thailand, says the USDA.
The US Department of Agriculture (USDA) had raised the US soybean yield again; the agency projected it at 51.4 bushels per acre, up 0.8 bushels from the September forecast.
Unlike milling wheat that has maintained an almost stable import volume, feed wheat imports into Vietnam in marketing year (MY) 2015/2016 increased sharply, due to their price competitiveness when compared to imported corn prices, finds a USDA report.
