South Korea: Grain and Feed Update

This report is an October 2021 update to the FAS Seoul Grain and Feed Annual released on March 31 and the Grain and Feed Update from June 27. Estimates for 2021 wheat production are revised down by 11 percent from the previous forecast, while consumption estimates are revised up by 12 percent. As a result, 2021 Korean wheat imports are expected to rise, including a bump in U.S. feed-grade wheat imports. Estimates for imports of U.S. corn and rice are unchanged.