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| The children have moved to the city and the men work in the factories in the local area,” he said.
The scale of farming in China is both vast and small at the same time.
“There are 350 million farmers in China, but they farm one-half acre each, so efficiency is pretty poor,” the grains analyst said. “We really don’t have a clue about how much stocks they have because they store grains in the back of their shed.”
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At this point of the year last year, the U.S. had only sold around 100 million bushels of corn to Mexico.
“This year, we’re at 251 million bushels,” Gadd said. “The Mexican demand is saying this price is better than $6 or $7.”
http://agrinews-pubs.com/Content/News/Markets/Article/Corn-producer...
Edited by Gottlieb 1/4/2014 15:51
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