Why China’s Economy Doesn’t Want American Corn Anymore | WSJ U.S. vs. China

The Wall Street Journal
The Wall Street Journal
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Published 2023-07-24
The U.S. produces more corn than any other crop, with American farmers selling $5.3 billion of it to China last year. But China has spent years courting other producers as it is relying more on Brazil and other Latin American countries. China is also exploring ways to become self-sufficient long-term through embracing new technology and better farming education.

WSJ explains why growing its own grains has been such a struggle for China and how it has been trying to wean itself off of its reliance on U.S. corn production.

0:00 China’s corn demand
1:01 China’s struggles
2:57 International partnerships
5:59 Self-sufficiency

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All Comments (21)
  • @summersnow7296
    On one hand, you sanction your customer, poke him in the eye, gather your friends to go against him and then you expect him to continue to buy from you? That's not just being naive, it's also plain arrogance.
  • @ongsengfook
    Who wants to buy from seller who treats you as an enemy?
  • @billberg1264
    I like the bit where the expert explains that a decrease in demand for corn could lead to fewer corn famers. That's the sort of insight we bring these guys on for.
  • @Nperez1986
    It's cool when we become self reliant...but we call foul when others do the same 😅
  • @ixanaths
    US is the one who wants to decouple with China, Americans should be thrilled that China is not buying their corn anymore. American farmers should be very happy instead.
  • @user-nf7og9bg6b
    in the long terms, china would import Corn from both US and Brazil, but in the current time, china doesn't want american corn anymore is just playing the de-risking game like the US did to China
  • @taro7145
    US: I hate China. China: OK I don't buy from you. US: Suprised pikachu face.
  • @lenkiatleong
    That's why it's important to have govt that works for the people.
  • @blokin5039
    China buying corn from a friendly country using the Yuan as currency is a win win for China and Brazil.
  • @Herodotus__
    As a BRICS member it is only Reasonable importing from Brazil. They dont even have to use the $ for transaction. Win win
  • @muyin
    US: China is the enemy China: I still wanna be friends US: no, I won’t play with you anymore China: OK. make new friends US: * surprised Pikachu face*
  • @ValMartinIreland
    We in Ireland cannot grow maize corn, wheat or soya bean because the summers are too cold and wet. We can grow a little lower quality for animal feed. We can grow oats and barley very well for malting and breakfast cereal. We import these for animal feed such as an addition for beef of milk production. Our grass is top quality. I don't like the GM label on corn I buy but I have no choice but to buy it for my beef herd.
  • @wendellreis4338
    As a Brazilian guy let me explain to you what´s happening. Brazil has a large and diversified source of fertilizers, so there is not dependence on Russian or other country on that matter. Corn crops require almost nothing of labour force, hence the low minimum wage do not explain its competitiveness. What explain the Brazilian competitiveness is climate factors(two harvests a year), long tradition on commodity, improvement in infrastructure, high value of Dollar compared to the Real(Brazilian currency) and subsidies from Goverment to buy brand new equipments and machinery. On top of that, China and US have been brewing a Cold War and others parts of the world will reap the benefits of it. As simple as that.
  • @privacyvalued4134
    U.S. farmers don't have margins. They have debt...to companies like John Deere.
  • @herman5eight
    Monsanto has ruined corn and other crops by genetically modifying the seeds, where the end product isn't fit for human consumption.
  • @charles6677
    Most that "corn" shown early in this piece with green husks and sorted by hand on the cob is sweet corn edible for humans. Field corn is harvested when the kernels have dried some and the husk is brown, Field corn has not been harvested on the cob for decades. Field corn is shelled in the combine.
  • @GraniteInTheFace
    I have been to Brazil. A lot of Chinese investments in roads and infrastructure has made Brazil more efficient in growing crops helping a lot of communities. However this has caused a lot of issues with deforestation as more Brazilian farmers want to get into the industry.
  • @RookieLee
    Who needs American corn when we have "Beijing Corn"