Changes in U.S. Grain Supply and Demand - 1990s to 2020s

Changes in U.S. Grain Supply and Demand - 1990s to 2020s

In the 1990s, China's rising demand for feed boosted U.S. grain exports, while domestic stockpiles dwindled and the need to stabilize international markets became a challenge; in the 2000s, rising demand for bioethanol and rising grain prices triggered a global food crisis; in the 2010s, China became the largest importer, while U.S.-China trade friction and climate change affected supply. In the 2020s, while production increased, competition with Brazil intensified, leading to lower prices and pressure on farmers' profits. China imported 160 million tons of grain in 2023, impacting it as an important player in the global market.