Corn + Side-by-Side Comparison of China, US

choi

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(1) Tom Polansek, Ian Berry and Scott Kilman, China's Corn Hungry Turns Market on Ear; Demand from Beijing augurs higher food, futures prices. Wall Street Journal, July 9, 2011.
http://online.wsj.com/article/SB10001424052702304793504576434261682404834.html

Quote:

"China this past week bought 540,000 metric tons of U.S. corn for delivery after August * * * Now, traders believe that China is on the brink of buying millions of metric tons of U.S. corn * * * The Chinese 'are on the cusp, we believe, of needing a whole lot more corn than they can produce,' said David C. Nelson, a global strategist at Rabobank

"Although China is one of the world's great agricultural powers—it is the world's largest producer of wheat and rice, and the second-largest producer of corn, behind the U.S.—Beijing's ability to feed its population is one of its most sensitive domestic political issues.

My comment: Please pay heed to the first word ("cumulative") in graphich caption.

(2) Robert J Herbold, China vs. America: Which Is the Developing Country?  From new roads to wise leadership, sound financials and five-year plans, Beijing has the winning approach. Wall Street Journal, July 9, 2011 (op-ed).
http://online.wsj.com/article/SB10001424052702303544604576430162195057084.html
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