Why China’s Economy Doesn’t Want American Corn Anymore | WSJ U.S. vs. China
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- čas přidán 22. 05. 2024
- The U.S. produces more corn than any other crop, with American farmers selling $5.3 billion of it to China last year. But China has spent years courting other producers as it is relying more on Brazil and other Latin American countries. China is also exploring ways to become self-sufficient long-term through embracing new technology and better farming education.
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
This original video series explores the rivalry between the two superpowers’ competing efforts to develop the technologies that are reshaping our world.
#China #Food #WSJ
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.
It’s cuz China will be #1 and the U.S is trying everything to stop them by starting conflicts. Same within human nature. If you want to be the best, then your gonna want your competitors to perish even if it means to break rules.
Exactly, and the US claims to love free markets, but refuses to provide the market's actual demands, like corn thats not a GMO. And maybe the US farmers need to adapt and compete with the rest of the world. Then we can talk about subsidies and big agro...
But Americans are accustomed to arrogance, colonization, and economic plunder, and China will make the United States very uncomfortable
Only crazy people do that...
😅
Let US produce more corn for Chinese machineries.
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.
I am thrilled that so many Americans are now joining me in "decoupling" from China.
@@gordonspears6320YES. keep inflation sky high
@@gordonspears6320 Excellent, China does not need the US market or the trade. It is already the #1 trading nation for over 140 countries and counting. Keep your corn, your chips, and anything else. It only forces China to come up with alternative supplies! This is great news for China. :)
If China starves, the US wins. If they don't starve, the US loses.
China needing America isn’t the problem, America needing china is the problem. This doesn’t help us
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.
😂
Now to be entirely fair, they're actually wrong.
Just look at the American Cheese caves lol.
definately
They just plant another plant or sow another seed, barley, wheat, sorghum, chickpea or vegetables..simple really
The US farmers are subsidies by the Government,
It's cool when we become self reliant...but we call foul when others do the same 😅
Self reliant? On what front? The US is far from self reliant and is heavily reliant on China. Are you not aware of geo politics and the economics that brought this about?
@@RC-br1ps I'm sure he/she is. The geopolitics that brought this about is the US playing dirty and trying to apply the Tonya Harding solution to China's rise in semiconductors, EVs, etc. by attempting to kneecap China's supply sources around the world to limit China's access to them. China's response has been to limit its imports of US goods, one of which is corn, and to limit China's exports to the US of certain key commodities, such as gallium and germanium. Before the US started the trade war, China was happy to keep buying American corn. Now it's given the giant middle finger to American corn. Problem?
@@RC-br1ps the US is actually or can actually be self reliant on the basic needs of a country. Food, energy, tech etc. . The problem is some of their policies sucks.
@@allen2770 'can be' is very different than 'is'.
@@RC-br1ps when it comes to energy, tech, food sufficiency and resources. They're basically self reliant.
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
well. yes. exactly. china kind of showing the usa " look i got some leverage over you too" . but it only hurts china itself. because this happpneded several times and at the end china will buy american corn from brazil with higher price
@@jt-xk4vj wishful thinking
China can buy from Russia
@@jt-xk4vjchina bailed on huge amount of corn contract from US simply cos buying from brasil is muxh cheaper, even after paying fines to the US farmers, so, you are not irreplacebale you know?
@@jt-xk4vj Lol why would China buy American corn from Brazil when Brazil produces its own corn?
China buying corn from a friendly country using the Yuan as currency is a win win for China and Brazil.
How is that a win for Brazil ?
Very few countries accept RMB as payment.
Value of RMB is set by Chinese government unlike USD which is set by market.
@@gund89123 Because US farmers loss is Brazilian farmers gain simple as that. And the RMB is quickly gaining traction in international payment don't you follow the news?
@@gund89123 Brazilian farmers have a larger market, they have jobs, and they have increased their income. China is the world's factory, and RMB can be used to purchase various Chinese industrial products
Yuan ,, it makes good fertilizer? Or use it as toilet paper :)
@@tilapiadave3234 Do you still remember when COVID broke out in 2020, Americans panic to buy toilet paper? bcs US cannot even produce toilet paper, almost everything rely on China
Monsanto has ruined corn and other crops by genetically modifying the seeds, where the end product isn't fit for human consumption.
Ummm.... No. You're not even bright enough to understand this is feed corn.
@@Look_What_I_Did And, you are not bright enough to realize that those animals are destined for human consumption, and not studies were published that say this kind of GMO or glyphosate is good for the human body.
@@Look_What_I_Didcos they didn’t watch the video
@@Look_What_I_Did Which, unfortunately, corrupts the meat of the animals that eat the feed corn.
Zero GM in Russia. It is banned. Russia will be China's primary corn supplier soon.
Thanks for posting.
As a BRICS member it is only Reasonable importing from Brazil. They dont even have to use the $ for transaction. Win win
😂😂
Use the local currency and soon will be able to use the new BRICS commodity-backed currency.
How is it win for Brazil?
few countries accept RMB.
RMB value is set by Chinese government
USD price is set by market.
This is just win win for China
@@gund89123 set by the market and how much usd is printed 😂
@@gund89123like when it's only a win for the US? So, what's the problem? Don't like it when others are also playing imperialism? Now, don't speak about spreading "Westen democracy", Vietnam, Afghanistan, etc are good examples that "western democracy" is useless, it's a joke.
Who wants to buy from seller who treats you as an enemy?
Ditto
Their stomachs will allay their distrust of free societies.
@@SK-lt1so it's funny🤣
Certainly not people who claim to love free market capitalism
@@SK-lt1so Americans are so fond of wishful thinking
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.
Hmmm GMOs are not proven to be bad even for humans... Feeding animals is even low risk for us.
I read that with an Irish accent 😂
@@Joe-mp1yj I thought I was doing Irish but it might have been Scottish. 😂😂
Good! Animal husbandry was achieved across the world for thousands of years without the need for corn. Cattle especially should be fed grass, hay, haylage or silage, as nature inteded. When this is done E.Coli is a non issue, the animals are healthier and tastier. When you have top quality Irish grass i dont know why you have "no choice" but to buy for your herd, especially when you (rightly so imo) are skeptical of the GM label on the feed.
GMOs aren't bad. It's what's used to make then that's bad. Fertilizer, insecticide, etc.
U.S. farmers don't have margins. They have debt...to companies like John Deere.
They need cheap versions of john deere
And while china's buying up farmland
They are getting plenty of subsidies. Here in Illinois they seem to be living better than the average citizen.
@@chainsaw76dNot plenty of subsidies, just getting land paid off. Once you can get a piece paid off, it's very profitable
Failed economics did you? Don't even know what Margins are....tsk, tsk. You think the only farmers in the world that have debt is U.S. Farmers? Go look up Margins and then edit your comment to be correct.
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.
they both worry waging wars. russia took the matter further and f'up its stupidness for the harvesting land in the east ukraine ....
The Brazilian Government pays farmers for new equipment???
@@zebwalton979it's relatively common in Latam
China will use its economical clout and influences to coerce other countries to its will. I'm sure you know what happened to Australia's iron ore and coal export to China, and also to Australia's red wine, beef, and lobsters.
@@zebwalton979 Do you understand the concept of subsidies ? Just like US and Europe do to all farmers...
[China] "We will no longer import US corn...We will just buy their farm land for ourselves!"
Other countries will be more than happy to plant and supply China.
Who is to be blamed for American farmers' problems? More sanctions and more trade wars will solve the problems?
world-population will double from 7.5 to 15 billion. food producing is the answer
Biden will probably say learn to code
@@Hrotiberhtaz 😂🤣 no worries he won't remember and will say that again
Its a problem but a positive problem .
The US simply produces much more food than it can used or sell .
China produces food to survive and still needs imports .
@@Hrotiberhtaz Fun Facts- China has more cars than the US has people .
China burns more coal than North America and Europe "Combined " .
That's why it's important to have govt that works for the people.
Unlike usa government
I try to avoid corn as much as possible; I haven't eaten corn in over a year. I also avoid rice, flour, sugar, starches and other high carbohydrates. I went from 185 pounds to 150 pounds in 6 months and have been stuck at 150 pounds for over a year now. I will never go back to my old diet. I'm just saying.
The food you mentioned never hurt anyone unless you eat a ton of everything
Lethargic fatty stops eating, loses weight.
It's called the keto diet.
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.
Free cancers with GMO
China started buying South African corn. Reciprocity and good-well is what sustainable business relationship is all about.
Enjoy it while it lasts, idk if that country will exist circa 2030.
It might exist in a way similar to Somalia or South Sudan.
@@chinchillaruby4170 South Africa and China are both going down the tubes faster than us
@@chinchillaruby4170you wish. As if yours isn't imploding from inside, you are eating yourselves up, good luck
@@conniekabasharira7084 white farmers would rather live in Zimbabwe than South uth Africa, telling. White flight is usually a good indicator on the future of an area. Don't believe me? Look up Gary, Indiana.
@@chinchillaruby4170 all that doesn't matter, slowly but surely, whether it's from western sanctions or not, we'll get there. With infrastructure development and most especially irrigation schemes that this continent is investing in, why not? Nothing that happens in Africa should concern you unless you're a native African. Africa minds its business, I've not seen them meddling in affairs of Europe, Asia, America etc and I believe everyone should do the same. All that matters at this moment is getting rid of people who came here as foreigners that wanted to own half of the country's land and resources while the natives with the bigger population are eating dust
I have been to Brazil. A lot of Chinese investments in roads and infrastructure has made Brazil more efficient in growing crops helping a lot of communities. However this has caused a lot of issues with deforestation as more Brazilian farmers want to get into the industry.
If America is so worried about about deforestation they should plant as many trees as Brazil cuts down
Compared to other countries, brazil has plenty of forrest.
Team tree.. 😂😂
@@Aman-oi3reyou can't replace tropical trees cut down with trees that grow in a non tropical area. A tropical forest is far more active
@@berndarndt9924compared to other countries Brazil is losing trees fast
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.
When Brazil direction is clear, they will corner the Corn Market World Wide with the secure Asian market.
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.
Monsanto destroyed the Chinese soybean industry.
Deforestation of Amazonia for corn to cane will be disastrous as tropical soils are thin and alterations to the water cycle will be unsustainable leading to desertification..
@@camd6102 Corn is produced in the South, Southeast and Midwest regions of Brazil, not in the Amazon. Cane is produced in the Southeast, Midwest, Northeast and part of the South. Most of the devastation in the Amazon comes from illegal mining and cattle ranching. In addition, most of the crops grown in Brazil have been adapted to the tropical climate by the state-owned research organization, Embrapa.
@@camd6102you people just repeat what média says with absolutly no knowledge... soy beans and corn are planted on south and south east, amazon forest is in the north... its like there is a issue in New york and people are talking about something that happens in texas
Most that "corn" shown early in this piece with green husks and sorted by hand on the cob is sweet corn edible for humans. Field corn is harvested when the kernels have dried some and the husk is brown, Field corn has not been harvested on the cob for decades. Field corn is shelled in the combine.
Thank you for helping us all navigate this maize of corn agriculture.
What do you know corn farmer
It's stock footage, they use whatever looks best to the audience.
@@bigpicturethinking5620 Good one!
@@timogul Stalk footage.
The US would have to produce what buyers want to buy. Foreign markets have shown that they do not want GMO corn.
Is it because they don’t like roundup weed killer in their corn?
@@levismith7444 I imagine that the crops not producing any seed corn might be an indicator as well.
That being said, I don't eat corn or soy, and I don't feed my livestock corn or soy GMO or not.
@@levismith7444 it's a lot more than just that, but the fact that consumers know that is in the food doesn't help. Consumers in general don't know that ALL crops get sprayed with herbicide 5 days before harvest, so they don't object to that because of ignorance. notice how the harvest in this video is of dead corn? that's not natural you know! That's called "decanting" which means spraying it with herbicide to dry it out for harvest. 5 day withholding period between spraying & harvesting for human consumption, hence the 5 days before harvest
They've been caught red-handed trying to steal the tech. It's a power play and nothing else.
Did you know that China is the biggest used of pesticide in the world?
US should grow wheat, not corn. World is facing shortage.
We are wasting resources subsiding corn here in the US so China can grow pigs with our corn. We could using our land so much better.
What i find weird is when subsidized food is exported
Why is this wierd? This is the poor & middle class tax payers subsidizing the big ag industry. This is normal.
yes I agree in general, although right now I find the expected global starvation due to Ukraine's grain blocks to be more bizarre while the US is saying it can't find anyone to buy it's grain that was previously feeding Chinese animals & they may need to turn that food into ethanol instead of preventing a global famine! Billions & billions to weapons in Ukraine, but the subsudised grain can't feed those in starvation mode?
it's about control over the 3rd world.
any rebellion to the US by the leaders of a country, and they starve you to incite social overthrow of the government.
ppl will usually overthrow a good government, if it means they are starving.
US EU subsidise their own farmers and deny 3rd world from doing the same. That eay they have their foot on their throat all the time.
@@gordonspears6320LOL low class isn't paying much taxes. Middle class I would say so. Are you going to ignore the fact that the top 1% pay 50% of the tax revenue?
@@Gongolongo Not ignoring it, but the wealthy derive nearly all of the benefits from such commercial subsidies.
same for Australian wine. Suddenly there is a billion dollar market up for grabs. All wine producing countries like France, S Africa, Chile all want to jump in the gap and do business there
South Africa already taken some of that Aussie loss since Australia started that 200% Chinese tarrif hike 😊
Just look at how Macron, Sanchez and Scholz all recently visited China and were so eager to discuss business. I would not be surprised if Meloni makes a trip soon in the near future. Australia played itself. For some reason they thought they were the only country in the world that produced wine. Australia even thinks that it has a grip over China due to iron ore exports. China has started transitioning their iron ore purchases to Brazilian, Russian and Guinea Africa sources. Guinea has the largest untapped high grade iron ore deposit in the world and has restarted the Simandou mine back in March. Brazil produces at around half the capacity of Australia and has around half the discovered reserves whereas Russia produces at around a quarter of the capacity of Australia and has half the discovered reserves meaning tons of future mining potential. Not to mention the NE of China itself, which is sitting in 4th place in both mining and reserves. No one has a everlasting monopoly on any product or commodity in this world and a lot of countries are learning this lesson the hard way.
@@gkmn7543 Lost business maybe take few years, but lost business trust only need few days.
Yellowtail is 🗑️! Just because they produce a ton of it doesn't mean it's good😂😂😂
And Australia found alternate customers ,,, How is Australian exports doing ? OHH look at that RECORD numbers :)
That's perfectly fine. More for us.
Remember . Brazil uses only 50% of it's territory . Another 50% is Amazon.
Remember, corn sucks out nitrogen from the soil it grows in. Making it poorer each harvest. There is a limit before you have to make soil rich again. Don't be foolish.
Well, it's refreshing to see WSJ tells something about China as it is without idealogical nonsense.
"without idealogical nonsense" Like what? Give examples.
@@LongWindedUsername do we need to ?
Tell us more, magaTbunchofnumbers.
Waiting to see some objective reporting coming out of WSJ.
The U.S. imperialists are very arrogant. Wherever they can be unreasonable, they must be unreasonable. If they are a little reasonable, they are forced to do so. ---Mao Zedong 1953.9.12
America : issues hundreds of sanctions against China "to protect American businesses"
China: does the same
America:😮
America does this, because it has a reason to do. china has no reasons to sanction the US.
And yes, America does that to protect its companies and bussiness. china openly steals American technology and spies on the US tech, china doesn't have its own technologies, it's all stolen from America. And finally America is answering this.
The problem is CCP China doesn't trade fair. They want access to the U.S market but not the other way around. Trading should be a two way street.
@@gbenayusa did those first
@@gbenayyou should study history sanctions is the very soft power of usa like they did on japan in 20th century currency manipulation
Why America doesn't want Wall Street anymore
Yes I get that for sure
For the local farmers that can't shift with the new economics, the corporate growers will be there to buy them out. Hopefully the local farmers are shifting to other crops.
its too late. I have family that are farmers in Mexico and US. GMO corn has genetically engineered herbicide in them. The corn plants are resistant to strong herbicides and the farmers will then use these strong herbicides to treat the farmlands. The downside is that you can hardly plant any other things there that will not be affected by the herbicide in the soil.
Beijing controls industrial level agriculture.
@@annarock8966 Not understanding the last two sentences.
There are adverse health effects from eating animals fed on gmo corn
Corporate growers are like nonexistent in China
Except in the U.S. it isn't actually, "farmers," it is huge corporate growers, established in particular when the 1980s faked up farm crisis in the U.S. allowed the corporate take over of U.S. farms from families and transferred it to corporate growers.
Correct! Here's to praying on their downfall!
there is nothing wrong with farms that are integrated within a corporation of holdings, that's an organic reality of property and industry
@@rudiruttger Our "organic" reality is one of unmitigated, deadly climate change/ecosystem collapse. That's a nice opinion you have there, mine is that socialism is organic.
And they are not "just getting by" either. There are still some family farms out there that are only just getting by, because of US corporations squeezing them out but yeh, the corporations & their corruption mean there's PLENTY of government subsidies paying for their crops!
@@rudiruttger HAHAHAHAHAHAHAHAHAHAHHAAHHAHA THATS HILARIOUS
Well, if China not buying their corn could send our farmers into bankruptcy, then it sounds to me like those farmers should diversify their portfolio. 🙂
they can't
it sound to me like you should learn what you're talking about
@@f_youtubecensorshipf_nazis
Ok, then by all means, please educate me on why exactly when you till up the dirt, it is impossible to plant something else besides just corn for acres at a time.
Seeing as I'm too stupid to grasp this as a lowly uneducated farmer myself. 🙂
time mark 6:44 ?? Is this correct? "Using cornbread to maximize growth"
My friends import corn of US to process pop corn, beside it will use to the animals too. But umfortunately, if we import corn from US to Imdonesia will spend time at least a month and the price to clearance of the port will pay tax of importy duty too. It's so different when we import from China have no importy duty tax at all
because US look down on everyone and refuse to sign FTA... US won't even sign an FTA with "most important allies" UK after tricking UK to leave the EU on the promise that US would trade with them if they do. whereas it easy for ASEAN to get a trade deal with China. China is happy to trade with everyone...
Brazil is already the world first producer of coffee, sugar cane, orange juice, soy bean. It has the largest cattle herd in the world. It is the first exporter of chicken, beef, celullose, cotton (2023) and soon will be biggest corn producer. It is achieving autonomy in wheat production perhaps next year. It has the largest amount of arable land in the world. But it uses only 64 million hectares from 410 million ha available of arable land.
Brazil, is not going to be exporter because they need cheap oil and cheap fertilizers to make the Brazil economic model work. With America, China, and Russia pulling out of "Globalization" that will affect Brazil. Only if Brazil allies with the United States it can reduce the de-globalization affects and global warming that also affecting. Your luck that Argentina is such a economic basket case otherwise they would be killing your economy.
@@Madame702 You have poor information about Brazil. It is already self sufficient in oil production. It is even a exporter of crude oil and it is listed among the ten largest oil producers. But I agree that the global warming will perhaps cause the collapse of civilization very soon.
@@martikepler4700 Ok this were I take you school Brazilian. Sorry don't try to flex on me, I'm American, I know the what nations can and can't do.
@@martikepler4700 Which means what when Brazil was settle the Emperor of Portugal had to make sure that people already had money. Now to make things worse the Emperor of Portugal didn't help the Portuguese settle Brazil which mean if you bought land in Portugal which by way you and to have a special invitation of the Emperor to do so you had to pay for everything. You had to build the roads, bridges, police, and fire department not government of Portugal.
@@martikepler4700 So you had corporate towns in Brazil. So what does that mean it means 6 families in Brazil control 50% that right 50% of all the economy of Brazil. And since they had to pay for everything their not going share their wealth with you Brazilian.
Legit question. If Corn is a commodity then why would china switching suppliers really affect the price? There still would be the same amount of corn bought and sold.
@william,
True but the money doesn't go to US farmers,
Man i love. ROUNDUP. In the morning ,yummm
Mee too, very
berry good with those spider part GMO SEEDS, makes my bowels tingle
I strongly like these types of video themes that inform me of economics, trade, and commercial affairs.
The US farm sector is a classic case of government overreach. American farmers should focus on high value and high quality crops, not mass quantities of staples which the market cannot adequately compensate.
US can dump the whole wheat and corn price so that everyone import from US.
@@kongwee1978 How does that benefit American farmers ?
High quality, high "VALUE" resulting in food inflation but who cares about inflation right? Money is KING...
Exactly! The market is distorted with subsidies because the electoral college gives a lot of power to rural states
high value and high quality crops? US is the most rich country out there, and we don't have that many rich within our population to consume all of those. Just becuz top 1% of our population owns 25%+ of wealth, it doesn't mean they can eat 25x much as a normal person. where are they gonna export to?
Corn is now a globally important crop but it originated in the Americas and was unknown to the rest of the world prior to 1500. Food crops developed by native Americans have become staples in cultures all over the world.
wrong, the gods gave seeds to the ancient race, and Native American is a descendant of those ancient races, and the same for mongoloid race
@@taichitao85😂😂😂
Corn was invented by the mayan,8000 years ago. Look up " the grandfather of corn".
Teocintle,el abuelo del maíz.
So what?
Thank big ag
America: WE ARE GONNA DECOUPLE! I MEAN "DE-RISK" FROM CHYYYYYYYNA!!! 🤪
China: Oh good idea, we'll do the same 😚
America: wait. 😮
I "decoupled" from China decades ago. It hasn't harmed me at all.
are you like 12?
When I traveled in Southwest China I noticed that rice was grown at low elevations and corn was grown only above a certain altitude. I think China is using its marginal land for corn whereas the US is using its best land. Things are probably changing in China if they're eating more meat.
Watch Peter Zeihan better still read his latest book. It us staggeringly shocking what the world is facing.
China's doesn't have the people in the right places anymore to produce anywhere near enough rice to feed itself due to industrial migration to cities. Rice is an extremely finicky labor and water intensive crop that they and almost the entire world cultivates manually. Corn likes heat and humidity.
@@janetmalcolm3403 gotta love how blatant racism is always accompanied by an extreme ignorance.
@@janetmalcolm3403average american spotted
@@janetmalcolm3403Chinese civilization is older than Western civilization.
There is no best land in the USA
how about switching to other crops?
why was there no talk about the shipping routes from Brazil to China. Is Brazil to China going to use the panama canal?
Obviously it won’t. Suez Canal and the Indian Ocean are there as more efficient route.
China should do more trade with BRICs and like minded nations, not with US, Anglosphere plus Japan and Korea. We look forward towards a strong global south to be more prosperous as compared to the wealthy North...
The fact that the Americans have become so hostile toward the Chinese in resent years, the Chinese would probably prefer to do business with someone else. So if the cost and quality is the same the Chinese might choose corn from a Latin American country.
We're so hostile that China sent a balloon over our country for 10 days with ground imaging and a controlled guidance system, From Alaska to the East coast and this Administration just sat there and watched, no we're not to hostile, just a little out of touch with what's really happening in the real world, as long as our piped piper media news doesn't open the curtain , the vast majority of the water heads watching will know what their told
Hostile towards the chinese? When the chinese government propagandizes to it's own people that americans are china's sworn enemy? I don't know, seems kinda projectey to me.
If china stopped stealing technology then America would treat China with respect & do business with them.
You CCP bots/trolls are all the same. You ever stop to think why the US has turned away from China after decades of trying to help China? let me put it this way, China would not be where it is today without the US helping them for so long.
The hostility goes both ways. China has become more and more anti anything west and nationalism is higher then ever.
The whole thing boils down to simply SUPPLY AND DEMAND. Brazil has a huge record breaking crop of corn this year and have to market it somewhere, they sell more cheaper than USA corn.
How great u re Hayek
Who needs American corn when we have "Beijing Corn"
Is that cooked with gutter oil by chance?
This is the trade war, a double-edge sword.
it takes years (decades) to develop a reliable supply chain relationship. The orange top blew it away. For what?
@@Hrotiberhtaz So continue letting China fleece us. Real smart.
@@MetaView7for Michigan Pennsylvania Wisconsin and Ohio
What this article didn't say was that last year was an "All-time" record in Agricultural sales from the US. Much of this was because of "high prices" caused in part by the Ukraine war.
Caused by the Ukraine war and also by the West's sanctions on Russia.
What does the war in Ukraine have to do with high food prices in the US?
I think you are lying
@@FloofyMinariUkraine is a major agricultural exporter to the Middle East and Africa among others and the U.S. took advantage of that gap in the market to provide them food to a price. Don’t let your anti American bias cloud your view of reality
@@badart3204 That is just false.
You are straight up lying.
@@FloofyMinari in advanced economies food, oil, and other commodities, are traded on global exchange markets. Any changes in supply will have impact on price.
You're showing sweet corn being processed, while referring to grain corn being traded in the global marketplace.
Thats why john deere has factories going up in south america. Makes sense.
Trade with the US comes with a lot of strings attached to it, and no sensible nation/country will want to bend their policies or ways of life to get some corn or anything for that matter.
That’s every country, all trade deals come with invisible bargaining powers.
Germany uses it to push its policies across EU.
Russia uses it against middle east and North Africa.
China, well you can’t even call their president fat without breaking their deals.
Guess china does not use the same tactics ?
@@williamzabiski7653 China seldom use sanctions to punish other countries like US does.
@@BSPBuilderThey can’t that’s why. They use different methods but they do the same as all big countries.
@@williamzabiski7653US trade often comes with the price of being subject to criticisms of your government and pressure to democratize and support international consensus. China just cares about money and is willing to do business with autocrats. With democracies disappearing, who do you think those authoritarian leaders are going to pick for trade
US: I hate China.
China: OK I don't buy from you.
US: Suprised pikachu face.
lol.. no one hates China. We are just calling out when there is theft and aggression. Is that not ok?
Bro do u have any idea how anti- American China is??
0:16 Just 16 seconds in and US ethanol production is skipped, AND ethanol production by product is animal feed. After the production of ethanol, about 35% of corn starches are converted to ethanol, the remaining cake id still nutrient rich. It is dehydrated and shipped to feed animals. So that pie chart is pure bunk,, absolute rubbish,, by what it omits. 16 seconds in and doubt is cast upon the entire article. WSJ ?? I am amazed and disappointed.
4:13 sorry but 'Doubled down' is a bit of a non phrase. I've heard it being used to mean playing something down and the exact opposite in different sources. So which one is it?
Decoupling from China is so great. 😂
Yeah it is
I totally agree, and I welcome all the new "decouplers"
Look at the current chip war and we see why China wants more diverse supplies.
China seems to be doing it's best to avoid Thucydides Trap.
If China didn’t copy technology from west this wouldn’t have happened.
China doesn’t want foreign companies doing business in China either.
They don’t want Google, FB, Twitter operating in China.
Naturally China wants to avoid Thucydides Trap since they are the rising power and benefit from avoiding conflict. The question is, will the established power of the United States allow that to happen? Given US officials openly predicting a conflict by various dates such as 2027 or even 2025 it seems more likely that things are headed in the usual historical direction.
Why can't I see replies to my comment?
they can do it. Brazil doesnt seem to want rmb unless they are sure that rate is better or someone will accept it(china trade?)
Considering all the flooding and crop damage recently it’s pretty safe to say they will be buying any grains they can find. American or not.
Karma probably
Great mowing down the rainforest I’m sure there be no repercussions.
"We only want to buy American and you can't own too much land here but also, buy our corn or you're bad"
Good I don't want to be trade dependent on China as a buyer or seller either.
Everyone is pretending China is a free market that has been bullied by a restrictive US trade policy, look into the business rules for foreign companies that want to operate in China.
Corn and Soybean exports nosedived and went primarily to Brazil during the Trump administration as a result of Trumps trade war, this resulted in a record bailout for US farmers, a market that will likely never be regained.
Talk about MAGA!
Biden only escalated the trade war, although it's not talked about much in the Media anymore.
I think we exported a near record amount those years. Gan you get the USDA records since every bushel is recorded. I know a lot of US corn is used all over the world.
@@gc1172 It did recover some towards China in 2020/2021 because of Ukraine war and poor crop yields in Brazil, 2017 and 2018 saw substantial declines from previous years. www.fas.usda.gov/china-2021-export-highlights
Simply not true.
You talk of field corn (exportable), and show canned video of sweet corn @ 2:20 in the video. This is not a reputable report. Shame on WSJ.
China in the past has had a problem growing quality corn. It was often speculated that much of it had toxic molds that made it unusable for livestock feed. Now that Syngenta is owned by a Chinese company their gmo insect resistance might be used, happens to be that they have a trait that stops bugs from attacking the grain and reduces toxic mold.
In addition to Brazil China also has agreements with Ukraine, Ukraine has a arable land area comparable to the US corn belt in terms of growing season, moisture, and land area. The ware in Ukraine is going to end and grain raised again and flow out as it did before.
Is this info a " trust me bro" info
@@walkingwithsandels5728
😄
I love how most of the imagery is sweet corn which is a totally different crop than we are talking about.
Generally speaking , the corn is used to feed piggies. I think that the pork demand influenced the corn demand and price in China. The prok prcie slumps and reaches histroical low point in China now, and residents decreases to consume the prok in summer period, too.
Why decrease pork consumption? Porkies are the best meat😅
Feed the piggies , eat more meat
kim jong un is buying crispy pork belly from china
Also chickens love corn feed too
the corn for feed is not the same as corn for human consumption
China has also canceled significant wheat contracts with both the US & Australia while offering new contracts to Argentina
Why？I didn't hear an explanation, but obviously you can ask the politicians in Washington.
🇧🇷 Let's ramp up production! And corn is just the beginning... We are top 3 producer in every agrarian product... Let's take those up too!
The central Asian states and Russia already in process of filling that gap. And they have large tracts of land. Plus transportation costs will be reduced
Corn is a very soil nutrient demanding crop. You either need to rotate crops or heavily fertilize.
They are derisking their supply chain risks for a critical resource..... what's wrong with that? Merica would do the same
It's the same problem of China not buying Australian coal and substituting it for Brazilian exports. Brazilian exports were just diverted away from southeast Asia leaving a gap to be filled by the same Australian coal China didn't want. Trading ties change but unless there is a massive drop in global demand, average global production will remain the same.
I liked the leaks of rolling blackouts when they did that, real geniuses.
Very funny how declaring your largest market as an enemy and ganging up with their biggest threat can make them not want to buy stuff from you. Funny how that works.
stop NS, southeast asia has its own coal, indonesia is big coal exporter, also entire southeast asia all add up is like 1/ 100 of size of what china imports, also another fact is , china itself is biggest coal producer, accounting 51% of world total production, china only imports some coals for steeling making, not all other purposes. also china never buy coal from brazil, china imported coals from russia and indonesia and mongolia( world second largest coal reserve next to china), not brazil
@@xinyiquan666 do you mean BS, not NS ? .. heehee. And amazing how ozzie bogans believed their media totally & unquestioningly when they say China is suffering from blackouts bcs china stop importing their coal, as though they were the only source for coal.
@@MuantanamoMobile funny? Not from my point of view. Sad most Americans can’t see that, and see the prc uses capitalism as a tool way better than the U.S.
The Chinese people are wise for questioning using GMO corn for food or animal feed.
Ya it's terrible the way our life expectancy keeps going up and most of us can have other careers besides farming.
@@bobwoods1302 It's terrible how we ignore the known dangers of things like glyphosate. We've been programmed with Stockholm syndrome.
Ignorance is scary and they're proud of their ignorance.
Most corn in the US is GMO due to Monsanto aka Bayer Chemical “Round Up Ready” corn.
Congrats. De-coupling goes both way. Global South wins from these two bickering.
i shake my head every day. I am astounded by the strategies coming out of the white house. I don't understand what they are trying to achieve by upsetting their largest customer.
The biggest tell is Biden continuing Trump policies.
China is part of the "global South."
@@MetaView7 US cannot get China under control anymore. China is the second biggest GDP and already top GDP PPP for years.
@@kongwee1978 heh, PP
How is Brazil corn production so cost competitive? I thought US subsidies, infrastructure, and navigable waterways were unparalleled.
Brazil has two harvests a year while the USA can only have one due to climate factors
Brazil also has cheap labor
Brazil has three harvests a year and a lot of rain because 66% of the country is native tropical forest. The minimum wage is around 300 a month.
Extreme weather in the US this year, hot and dry, will dry out the harvest started normally in September.
Guess who is not required to cut pollution? Your master China.
The explanation of Brazil growing production is Matopiba, search about it, not the Amazon deforestation.
Right😊
Without subsidies that distort the worldwide market price of commodities and discourage agriculture in the developing world, free traders say, the United States would produce fewer commodities. That would encourage other nations to grow more, which would open up new markets for U.S. agribusiness.
Sell guns and nukes, why sell corn
Wrong .... farmers over produce even more
The government sells guns and nukes. The people are not the government. Once you centralize the economy, you bring ruin. Authoritarian governments only play nice. They thrive off war. The world governments already own everything and leave you to pretend to have property. We are not seeing "Americans" selling anything. It's only industries regulated by governments for governments. You just keep the machine turning. This passing currency around is just a handshake to the people the world calls "leaders," while it is resource distribution for us.
@@demoncloud6147 well cuz that multibillion dollar corn industry is just like the military industry. they both have the gvt in their back pocket and use them to "open markets" for their products.
A secure agricultural system is a national security issue. Actually an internal one, as well. Nothing worse than millions of hungry people. Point being, subsidies emiliorate agricultures ups and downs.
China needs to be self-sufficient, like Russia.
China needs to ditch Communism.
@@patmcbride9853 China is more capitalist than the broke USA, that it finances, LOL
Russia has done a great job of being self sustainable thanks to Western Sanctions... But is now vulnerable to attack by China.... China will need to have a revolution before it can compete and win real power..... without abusing it s own population and exporting its version of cruel inhumanity.
@@patmcbride9853 It did that in the 1980s
@@pierrecurie China is a Communist country: en.wikipedia.org/wiki/Government_of_China
Wiki is not a "right wing" site and they agree with me.
So shouldn't farmland prices be deflating?
Wonderful, what food is imported from chinas heavy metal fields to the US
why is your map centered on the Atlantic rather than the Pacific Ocean?
because it only shows the US with no China in the picture.
Food security should be a priority for any serious government
China does not want to depend on U.S. It'd rather invest in other countries where there is better return of its investment. Intellectual property is a different matter.
Why plant corn when farmers can just be solar or wind farmers?
Because China knew about a disaster more than ten years ago, American companies induced Chinese farmers to plant specific crops through agricultural technology subsidies, which later led to American companies controlling China's grain prices and manipulating and acquiring Chinese companies to obtain benefits. The United States is also doing this in many countries around the world. Because food is the lifeblood of a country, controlling food can not only gain benefits but also control the country at the same time. So this is a food war, China just made a gesture of resistance, of course many countries failed to escape the clutches of US companies, so the US should stop playing the role of savior
well said
These are the same companies that sell poor as dirt farmers their sterilised seeds that are expensive and are only good for one crop.
The crops will never yield seeds themselves so the farmers have to buy expensive seeds for another crop from these controlling companies again after selling their crop for pittance.
Its a viscious cycle that keeps their strangle hold on these poor farmers and never lets go.
How were they able to control grain prices? I feel like I’m missing information here, and don’t understand how the first statement leads into the latter one in your first sentence.
I tried looking it up and only get Reuters articles from 2011 saying that the US corn supply is the shortest it’s been in decades, and referencing severe droughts in Chinas wheat belt.
I found something that could better fit what you’re talking about, but it’s a article hosted by the US department of agriculture so I don’t think you’d accept that.
In the article they speak about a US export surge in 2013 in relations with China. It starts off with Chinese government support (agriculture taxes, payment to grain producers, subsidies for “improved seeds,” and subsidies for machinery purchases) in 2004. Over the period Chinese officials saw that while payments rapidly grew over the decade to $75 billion usd, it was noted that the subsidies have not kept pace with rising production incentives to produce grains and other crops. “With agricultural production costs outpacing the subsidies, Chinese officials began raising price supports to boost farm income and higher domestic prices led to rapid growth in agricultural imports.” The Chinese officials introduced minimum procurement prices for rice and wheat in 2004-05 to act as a floor under market prices. Subsequently in 2008 prices were to be raised annually, and added supports for corn, soybeans, and rapeseed. Additional supports were made by the Chinese government in 2009 (pork) and 2011 (cotton) to keep domestic prices steadily in a rising path. “So as to prevent further erosion of net returns to farmers.”
The stated goal of the price support programs is to prevent steep decline in farm prices by purchasing commodities during a slack demand. Because of this though by tying the floor price to increases in production costs and the requirement of commodities to be resold at a higher price to recover storage costs creates a strong tendency for prices to increase. The incentive to sell grain reserves is weakened, since both interest and storage costs are subsidized.
They then reference that these price support programs, with domestic inflationary pressures, and coupled with a appreciating RMB at the time have pushed Chinese prices above the global market prices. From 2008-2013, Chinese support prices (in US dollars) rose over 60% for wheat and corn, 90% for indica rice, and 100% for japonica rice. Those increases included the effects from a 20% appreciation of the RMB vs the US dollar. That by 2011 the price of major Chinese commodities were 20-30% higher than prices in the United States. China began to import more agricultural commodities as its domestic prices rose higher.
Who needs the United snakes 🐍 and Ape 🦧 🦍 Mercia nowadays!!!
It’s the 21st century NOT❌❌ the 90’s!!!😅😅😅😂🎉😊
Mercia was one of the three main Anglic kingdoms founded after Sub-Roman Britain was settled by Anglo-Saxons in an era called the Heptarchy. It was centered on the River Trent and its tributaries, in a region now known as the Midlands of England.
Almost every nation on this planet loathe the US, except the miserable failed g7
@@WorldSpaceRace China propaganda. Tiananmen Square tanks users,
Well- said👍👍,
you said it - United snakes 🐍 and Ape 🦧 🦍 Merci, its like a Jungle (or forest) fill with Uncivilized Apes🙈 and poisonous snakes that RUNNIN AROUND the Country, Killin, Murderin, Rapng, Robberin, stealin without gettin ANY *Punishment O Prisons consequences*
😅🤣😂🤭🤭🤭
@@voofongting9083 😅🤣😂..........On- point👍👍🤝🙏
Grow wheat instead of corn then. Also, the American farmer is the only business owner that pays retail prices yet has to sell at wholesale prices. Many states have made it VERY hard for the farmer to survive as it is.
They heard Joe knows somone named Corn Pop...Knew they needed to make their own.
3:42 how much of that land was cleared for the growth of corn Amazon rainforest.
@Jones jones,How much land was cleared around the world to supply food?
It seems the US foreign policy continues to shoot itself in the foot. The definition of lunacy is keep doing the same thing but expecting different results.
US will never succeed as a nation until it apologizes to the blacks for slavery
Man, it seems like you guys prefer that we continue doing what we did in the 90s and 2000s, sitting on our hands blissfully while our trade secrets were stolen and various extralegal stations and agencies were built on our soil to track ethnically Chinese Americans, all while the drumbeat of war would be raging on in Chinese media.
@@JasonBourne-zy4nv I totally agree with you, except the farmers will not be able to sell all that corn they harvested. The internal demand for corn in the US cannot absorb all the production. Therefore, the farmers need to sell it abroad. China has been buying tons before, but now...
@@Birdylockso That might not necessarily be a bad thing. We've effectively been strip-mining our land; by some measures the midwest will be devoid of topsoil in 60 years. We're basically turning soil into dirt. We need to take our foot off the gas and give land more chance to recover.
@@dblissmn Yes, that would be a good thing. The farmers would still get billions of subsidy from the government anyway.