China Is The Driver of Agricultural Prices Rising: Scott Irwin

The video discusses the rising costs of agricultural goods, primarily driven by China's demand for corn and soybeans. It explains why these price increases don't always translate to inflation at the grocery store, due to the cost structure of food items. The video also explores supply issues and planting trends in the US and Latin America, highlighting the impact of weather and demand shocks. Finally, it delves into the dynamics of Chinese demand cycles and the trade relationship between the US and China, noting the uncertainty in corn demand and the potential for China to diversify its suppliers.

How might US farmers respond to the current demand from China?

What uncertainties exist regarding corn supply to China?