Looks like its going to cost more for the Chinese people to eat. Better start growing soybean.
China is already switching grain suppliers; US farmers will be the losers. And, these are long-term agreements, so it will be difficult for US farmers to recover these lost sales for many years.
Wrong. These are not long term agreements. You may recall a few yrs back when China gave a good head fake saying we are cutting our corn purchases by 60%, corn dropped, China then bought all they needed at the lower price and then made money through a shell organization that went short on corn futures prior to the announcement of buying less.
They ain’t dumb. They believe in “China First”. Ring a bell for ya, just maybe?
