The main topic of the report concerns global grain markets and trade, with a particular focus on U.
S. corn exports to Japan, South Korea, and Taiwan. Key findings include a significant increase in U.S. corn imports to these countries in the first 7 months of the 2024/25 marketing year, an increase in the U.S. share of these markets, the competitiveness of U.S. corn due to abundant supplies and favorable exchange rates. The impact of prices on the choice of imported feed crops in these countries is also noted.