Saturday, December 31, 2022

Brazil's First Corn Shipment To China Indicates Shifting Trade Flows Could Endanger US Dominance

 Trade flows are shifting away from the US as China reduces its reliance on the Midwestern US farm belt

  • Brazil, the world's second-largest corn exporter, sent its first vessel carrying corn to China
  • Beijing decided to purchase Brazilian grains in May to reduce dependence on the US and replace supplies from Ukraine cut off by the Russian invasion

https://www.zerohedge.com/commodities/brazils-first-corn-shipment-china-indicates-shifting-trade-flows-could-endanger-us

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