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Competition for Corn – A Driver of Food Price Hikes

Positive Future News #914 (Feature Photo – Corn – CCA SA 3.0 Unported)

The global trade of food commodities is like a game of dominoes. For example, escalating production of wheat and soybeans, from problems in Ukraine and Russia, pushes some acres from corn into wheat and soybeans. As a result corn acres are less and insecure China, wants to buy more corn. China just announced the purchase of over 1 million metric tonnes of corn from the U.S. It will take roughly 330,000 acres to produce that amount of corn. The following report from AgWeb helps you get the picture:

https://www.agweb.com/news/crops/corn/china-hoarding-mode-right-now-and-its-pushing-grain-prices-historic-highs

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