China Has Never Canceled This Many Shipments of US Wheat
China Has Never Canceled This Many Shipments of US Wheat
China canceled another batch of US wheat export shipments, adding to an already record number of cancellations that have weighed on Chicago futures.
“Those cancellations show that China can get wheat cheaper from others,” said Ben Buckner, chief grains analyst for AgResource Co.
how are those sanctions against Russia workin' out for ya, are you winning USA?
mr. putin can you please team up with the country sanctioning you to help us fight your next door neighbor of several centuries sir?????? i am good at geopolitics"No"
Communism no food (needing to be imported)
To be fair, agriculture in China is a lot more challenging than say, the US and Russia because of their mountainous terrains that made automation difficult. To sustain a 1.4bn population, importing food is almost inevitable.
However, that doesn’t excuse the fact that in the 1990s and especially since joining the WTO in 2001, China has allowed foreign ag giants to enter and flooded the agricultural sector with patented GMO seeds that destroyed the domestic competitors (for example, Monsanto’s Roundup Ready line that entered Brazil and Argentina in 1996, and then into China in the late 1990s). The soybean crisis was one of the greatest humiliation that China suffered in the hands of American imperialism in the 2000s, and it played a major role in robbing China of their own food security for the past two decades.
More challenging than USA sure, I'll concede that. But more challenging than Russia - no. Sorry, but I'm going to have to disagree here. You'll notice a good chunk of Russian territory is either heavily forested, swamped or in the same mountains as China. We don't share a border for nothing.
And the so-called European part of Russia (west of Ural), where a good chunk of agriculture is taking place, is known as the "area of difficult agriculture" for ages. It's still used to farm, mind, but even the relatively comfortable areas around Volga and Oka rivers have a soil layer only about 40 cm deep.
You know which areas had top tier agriculture environment? The ones no longer in Russia - Ukraine, Moldova, even bits of Belarus. That's where you get quality black soil, warmer average climate and all that.
Permanently Deleted
yeah real tough choices there
gathering a posse to cancel many shipments of US wheat
"no wheat"
BDS America, of course.
Its wheatover
Millions must buy wheat from russia
Why doesn't America just use its Grain Belt to feed its people? Is it stupid?
One of the major arms of American imperialism is controlling food supply all over the world.
Just 2% of its population (plus uncountable immigrant workers) in the agricultural sector produces enough grain surplus to feed much of the world.
At the same time, the World Bank explicitly prohibits developing countries from achieving food self-sufficiency and demanded that they plant export crops instead to sell for cheap to Western countries.
Meanwhile, Western ag giants like ADM, Bunge, Cargill and Louis Dreyfus (the ABCD) have a monopoly of the global agricultural commodity trading and control much of the grain seeds provision across the world.
The combined effect is that developing countries will always have to rely on Western countries, especially the US, to import grains/seeds to achieve some level of food security. This is why Western sanctions is so dangerous for a lot of the countries because they can easily slide into famine without the ability to import food.
Russia has been changing some of the dynamics here as it had ramped up its grain production over the past 2 decades, turning itself from a net food importer (50% food import) to a net food exporter country under Putin. This allowed countries like China to obtain an alternative source of grains instead of relying on the US and other hostile Western countries alone. Still, this is still nowhere near breaking the domination of American imperialist control over the global food supply chain.
So, seems like there's a bit of an extra supply of wheat.
Let me guess, it will be destroyed to keep food prices high?
as is the custom
I love China. If most countries could stop relying on US by choice and instead mixed it up, world prosperity and peace would be so much closer.
Smh cancel culture strikes again
these unfair economic practices are threatening to undermine the free market
Smh cancel culture has gone too far this time.
the spoon is no longer necessary
america's time has come
That's it. I'm making a Duolingo account.
大饥荒 特别汉堡版
When you have less people you need less to feed them. Pretty simple really!
Not even that time information about a US Bioweapon meant to destroy grain crops was leaked? You would think they might have cut back more over that fiasco... Hah, who are we kidding, China seems just as likely to purposely do that to themselves at this point.
but it seems they are shifting to get more from brazil and argentina
