China Expects Record Corn And Soybean Harvests

China is expected to have record corn and soybean harvests this year the China National Grain and Oils Information Centre (CNGOIC) said in its latest report.

Corn output is seen at 156 million tonnes, a rise of 2.75 percent from 2007, as
better weather improved yields it said.

The centre said that China, the world's largest soybean importer, was also expected to harvest a record 17.5 million tonnes of soybeans this year thanks to a larger acreage. This represents an increase of 36.7 percent from last year, it said.

Higher domestic output was seen to slow the growth of imports for next year, analysts said.