Saturday, November 13, 2010

Exporter or colonial economy?

In a story about rising farm belt land prices, the Wall Street Journal notes that China will likely buy a third of all soybeans just harvested in the U.S.'s record export crop. And U.S. cotton exports are expected to climb 31%, which may drain supplies by next summer to the lowest level since 1925, according to USDA projections, due to strong demand by Chinese textile mills.

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