Benchmark Chicago wheat futures are trading at about $5.50 per bushel...
When they need food, raise the prices to 9.95 per bushel and tell em not to eff with us again.
From whom ever China buys their wheat it definitely won’t be paid in US dollars leading to more de-dollarization and inflation for us!
Russian grain being shipped through Kazakhstan. The farms in .kz are also owned by Russian oligarchs.
They are going to buy wheat from Russia and Ukraine and they are going to pay in yuan.
American agricultural science has created agricultural techniques, machinery and seeds for grain crops that have resulted in bountiful harvests in some of the most challenging terrain and climates in the world. The fact is that thanks to America’s historic contributions overt famine is no longer common. That the Chinese are able to shop for cheaper prices is not a threat but a tribute to capitalism and American ingenuity.
Maybe China can’t afford it
More for the rest of us.
I’m sure there is someone who’d be willing to buy some grain.
Biden did that.
Is China expecting an unexpected, unforeseeable and unpredictable reduction in the number of mouths to feed?