China Steps up to the Plate

China accounts for sizeable portion of 2011 export increase. I'm Greg Martin, this is Market Line. $2.3 billion dollars of the United States projected export increase for next year can be attributed to China. USDA Chief Economist Joe Glauber. GLAUBER: There we're showing our exports are now forecast for fiscal 2010 at $104.5 billion dollars. That's up 4.5 billion from the February forecast and almost 8-billion up from the final fiscal 2009 export level. Generally strong oilseed and grain shipments support the overall export forecast. A week or so ago Secretary Vilsack pointed out that in the first 6 months of the fiscal year that China was our biggest trading partner in terms of agricultural exports. Both Canada and Mexico are expected to edge a little higher as well. Checking on the markets...On Thursday Chicago July corn was 3-3/4 to five cents per cwt higher than Wednesday's noon bids. Portland soft white wheat $4.68 to 4.71 up 8 to up 1 New crop soft white 4.66 to 4.70 up 6 to up 5 Only new crop July bids on HRW 11.5 % protein mostly $5.22 DNS 14% protein mostly $ 6.42 August live cattle 90.775s +0.850 August feeders 108.500s +0.200 June Class III milk 13.93s +0.28 I'm Greg Martin and that's Market Line on the Northwest Ag Information Network.