Why China’s Economy Doesn’t Want American Corn Anymore | WSJ U.S. vs. China
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Published 2023-07-24
WSJ explains why growing its own grains has been such a struggle for China and how it has been trying to wean itself off of its reliance on U.S. corn production.
0:00 China’s corn demand
1:01 China’s struggles
2:57 International partnerships
5:59 Self-sufficiency
U.S. vs. China
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All Comments (21)
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On one hand, you sanction your customer, poke him in the eye, gather your friends to go against him and then you expect him to continue to buy from you? That's not just being naive, it's also plain arrogance.
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Who wants to buy from seller who treats you as an enemy?
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I like the bit where the expert explains that a decrease in demand for corn could lead to fewer corn famers. That's the sort of insight we bring these guys on for.
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I'm American and I don't want American corn either and refuse to buy it. It's gmo and sprayed with roundup poison. I grow my own corn.
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US is the one who wants to decouple with China, Americans should be thrilled that China is not buying their corn anymore. American farmers should be very happy instead.
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in the long terms, china would import Corn from both US and Brazil, but in the current time, china doesn't want american corn anymore is just playing the de-risking game like the US did to China
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Other countries will be more than happy to plant and supply China.
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We in Ireland cannot grow maize corn, wheat or soya bean because the summers are too cold and wet. We can grow a little lower quality for animal feed. We can grow oats and barley very well for malting and breakfast cereal. We import these for animal feed such as an addition for beef of milk production. Our grass is top quality. I don't like the GM label on corn I buy but I have no choice but to buy it for my beef herd.
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China buying corn from a friendly country using the Yuan as currency is a win win for China and Brazil.
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As a BRICS member it is only Reasonable importing from Brazil. They dont even have to use the $ for transaction. Win win
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Thanks for posting.
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U.S. farmers don't have margins. They have debt...to companies like John Deere.
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As a Brazilian guy let me explain to you what´s happening. Brazil has a large and diversified source of fertilizers, so there is not dependence on Russian or other country on that matter. Corn crops require almost nothing of labour force, hence the low minimum wage do not explain its competitiveness. What explain the Brazilian competitiveness is climate factors(two harvests a year), long tradition on commodity, improvement in infrastructure, high value of Dollar compared to the Real(Brazilian currency) and subsidies from Goverment to buy brand new equipments and machinery. On top of that, China and US have been brewing a Cold War and others parts of the world will reap the benefits of it. As simple as that.
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Brazil has another great advantage: we use a lot of ethanol, but it's produced from sugar cane, so there's a lot of corn left over for export. Infrastructure in Brazil is improving, agriculture is the fastest growing sector, there is a lot of money in the countryside and we have Embrapa, a public agricultural research company that has revolutionized cultivation in the country. The next step is to expand wheat plantations in tropical areas, as was done with soybeans.
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If it serves as a consolation, farmers in Brazil are planning to switch to sesame or sorghum next year. The price received was 2 dollars bellow the production cost as there is not enough storage space. The first crop did help with the overall profit though but people are not very happy about it. Not sure about how will that gone with China as we also need to send a message of being a reliable supplier. And the end of the Ukraine grain deal will also raise prices. But people are not thrilled about planting corn in Brazil.
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Who is to be blamed for American farmers' problems? More sanctions and more trade wars will solve the problems?
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It's cool when we become self reliant...but we call foul when others do the same 😅
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Monsanto has ruined corn and other crops by genetically modifying the seeds, where the end product isn't fit for human consumption.
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Why America doesn't want Wall Street anymore
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That's why it's important to have govt that works for the people.