While China recognizes the need to reduce high guaranteed producer prices for food grains, “the government has not articulated when or how it will do this,” according to a USDA official in China. Therefore, the country is again expected to produce record corn, wheat and rice crops in 2016, adding to the already bulging stocks. Pro Farmers First Thing today reports record crops will artificially suppress imports and push prices higher for meat and dairy. For the 2015-2016 marketing year, USDA expects China to produce a 225 million metric ton corn crop and a 130.1 million metric ton wheat crop. They also expect ending stocks for corn, wheat and rice to hit a combined 258 million metric tons, or roughly half of global reserves.