China buys Canadian and Australian wheat as heat hits crop, traders say

15 comments

1. “Chinese buyers bought between 400,000 and 500,000 metric tons of wheat from Australia and Canada in recent weeks, traders said, as heat threatens to damage crops in China’s agricultural heartlands.

   China is the world’s top wheat grower and also imports large amounts of grain when domestic supply falls short of demand. Earlier this week, Henan province, which grows about a third of China’s crop, issued a risk warning as hot, dry weather threatened the wheat growing in its fields.”

2. You know from where China could get a lot of wheat? Ukraine if they pressured Russia to stop the war.

3. but why didn’t they buy from god’s country ‘Merica??

   /s

4. China is shoring up their granary reserves in the wake of environmental swings.

   if that doesn’t make you existentially nervous…

5. No shortage of food.

6. Orange boy is gonna be pissy on truth social tonight

7. Have you seen Saskatchewan? They got what you need guys.

8. China has experienced a major drought for several years in a row. Think the last winter was very dry for them too, which only dries the soil out more.

9. To put that in context, assuming they pay about $300 per tonne of wheat that’s in the ballpark of $120 to $150 million worth of wheat. Sure that’s a decent amount of cash to you and me, but it’s not going to move the needle on international trade unless it becomes a regular thing.

10. China’s biggest weakness is food and always will be.

11. Good thing we just elected a government that wont wholesale our farmland to china like the other theiving party.

12. We reap what we sow.

13. I bet Trump has sucked more dick then Pete and we all know Rubio gets passed around at international events like an hooker at a GOP church meeting.

14. Meanwhile, Aussies continue to get bent over at supermarkets with price rises for bread and other staples.

15. That’s means a bag of flour isn’t going to cost $7.50 now right? Back to $3.00? Right?

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