Posted on 10/02/2016 6:35:00 PM PDT by ameribbean expat
The U.S. Trade Representative, which negotiates with foreign governments, told Reuters the move by China would not be surprising "given the high levels of domestic support China provides to its corn producers."
"China's overproduction of corn has created a growing stockpile of corn that appears to have reached unsustainable levels," agency spokesman Matt Swenson said. "Chinese exports could negatively impact corn prices just as U.S. farmers are harvesting their crops."
U.S. officials will monitor whether Chinese exports may be subsidized, a prospect the agency finds concerning, he said.
Traders and analysts said exports have been increasingly likely as China struggles with a massive grain surplus and prepares to harvest a bumper crop, its first in almost a decade without government price support.
Chinese corn prices have slumped more than 20 percent in the past year and are expected to fall further towards international benchmarks.
(Excerpt) Read more at reuters.com ...
How many $M will the Clintonistas and Obamas earn from this?
Wonder how much poison is in theirs.
Are folks in Midwest ready for Trump Trade now? Thanks Obama, Hillary & TPP
How dare they export food. Only we can export food. /s
Doesn’t China know about Wickert V. Filburn?
Strange how it works???
“Why China is stealing America’s corn seeds”
http://money.cnn.com/2014/07/03/news/china-corn-espionage/
Can’t export ours. Ethanol.
I did not know that China consumed that much corn.
I’ll leave you to your rant, but for those that follow things more closely, TPP does not include China.
That must be the NASTIEST corn in the world.
Living out here in Corn world, U.S.A. we wouldn’t give most of the canned stuff to a horse.
This has got to be utter nonsense. Wait until the seeds are tainted.
I was surprised, too. Wonder when it became an agricultural staple for them.
With 4 times the population as the US - they consume a lot of ALL foods...
Folks in Tennessee know what to do with excess corn!
we export mountains of corn.
Some of it is converted to meat before exporting.
We also export boatloads of such meat.
We got corn. Readed or unreaded?
And they're hungry two hours later.
You joke, but it’s true! Some of the biggest eaters I’ve seen are tiny Chinese women. Not just “a lot for their size”, but “a lot - more than I would eat” amounts. I’m 6 feet and 300 pounds, and many of those 5 foot, 95 pound Chinese women can out-eat me!
But back to the original, consider than half of the entire world’s population lives in China, India, and Southeast Asia. HALF. In a space about the size of North America. That’s a LOT of mouths to feed!
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