China to cut rice, corn planting, grow more soybean.

China is expected to grow less rice and corn this year while increasing planting of soybean and other grains. Planting area for rice is expected to drop by more than 10 million mu compared with a year earlier to 440 million mu. Planting for soybeans will likely increase by over 10 million mu to 127 million mu. Cotton planting will drop slightly while that of sugar will maintain largely flat with small increases. China will keep expanding plantations of green and premium quality food such as high-protein soybeans and high yield sugar canes.