This week, China announced it will end its corn stockpiling program and reduce its surpluses of corn that have negatively impacted global markets. U.S. Grains Council Chairman and Nebraska grower Alan Tiemann says it remains to be seen what effect China’s decision will have on the markets.

He says they’re pleased the Chinese government made this decision and seems to be moving to a more market-oriented system.

Tiemann hopes the Grains Council will continue working with China to resolve some of the corn market disruptions that have led to antidumping charges regarding DDGs and other market issues.

Tiemann says the Grains Council values its relationship with China and looks forward to working in the market for the mutual benefit of both countries.