Is China paying for this grain or did china already win and we are just shipping it to them and we are covering the cost with the economic stimulus package. Well, at least they got their man in the white house. I hope they go easy on us.
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Dont doubt it they buy tons of grain due to socialist policies, the entire harvest of the northwest.
I'm not doubting, I'm curious to know and asked for info before I looked myself.
IF we're talking about the US corn,
it's not new but it is true that the amount of China's buying the US corn has skyrocketed since around Q3 2020. We've hardly heard about this last year, because, well, we've been busy with the election and the MSM haven't put on their best enthusiasm to report the news until recently.
And
this rapidly increasing demand on the US corn has been happening not because the CCP has changed their mind and decided to keep their promise on the US-China phase one trade deal [1], but because, around Aug. 2020, China was finally able to get started rebuilding their "hog herd." And they too know the food shortage is soon coming to China. [2] [3]
On Feb 11, 2021,
Financial Times reported that "China’s record corn purchases have traders wondering if bump can last."
https://www.ft.com/content/94b04a3e-6169-4b07-8218-413138c641a1
Hmm the more you know... I didn't know these things and will look into when I can stand a bit more helplessness. This really fucking sucks.
ಠ_ಠ Why the helplessness? If you mind my asking.