adios
02-18-2004, 12:13 PM
Well we're exporting something to China anyway. Kind of a symbiotic relationship we import cheap China products; they finance our deficit in part; and we feed em. Seems like both countries may have their interests tied to together. I can think of one investment idea, John Deere.
China May Import 4 Mln Tons of U.S. Wheat, Double USDA Forecast
By Rob Delaney
Feb. 18 (Bloomberg) -- China may order 4 million metric tons
of wheat for this year during talks with trading companies in the U.S., the government said, doubling a forecast from the U.S. Department of Agriculture last week as the domestic crop falls. China's winter wheat crop, which represents about 80 percent of the total, may decline by 3.8 percent to 78 million tons, the China National Grain & Oils Information Center, a State Grain Administration affiliate, said in a report. Acreage for the crop, harvested in May, fell by 4.4 percent to 19.5 million hectares (48.2 million acres), it said. China's wheat output has declined over the past three years as farmers turned to higher-priced crops such as cotton, soybeans and other oilseeds. China will import 2 million tons of the grain this marketing year, the Agriculture Department predicted in report on Feb. 11, up from 430,000 tons a year ago.
China May Import 4 Mln Tons of U.S. Wheat, Double USDA Forecast
By Rob Delaney
Feb. 18 (Bloomberg) -- China may order 4 million metric tons
of wheat for this year during talks with trading companies in the U.S., the government said, doubling a forecast from the U.S. Department of Agriculture last week as the domestic crop falls. China's winter wheat crop, which represents about 80 percent of the total, may decline by 3.8 percent to 78 million tons, the China National Grain & Oils Information Center, a State Grain Administration affiliate, said in a report. Acreage for the crop, harvested in May, fell by 4.4 percent to 19.5 million hectares (48.2 million acres), it said. China's wheat output has declined over the past three years as farmers turned to higher-priced crops such as cotton, soybeans and other oilseeds. China will import 2 million tons of the grain this marketing year, the Agriculture Department predicted in report on Feb. 11, up from 430,000 tons a year ago.