This says the same thing as the Inside China Business guy.
IMO this shift happened fast than expected due to reactions to massive US sanctions related to the Ukr war.
https://youtu.be/WqGZTJ6nVf8
The BRICS trading system is already wiping out US farmers, as global price discovery is destroyed
You will learn about the BRICS trading system's profound impact on global agriculture and US farmers. You'll discover how this new system operates independently of the US dollar, disrupting traditional market dynamics.
You'll understand the challenges facing US farmers as they lose access to crucial market information. You'll see how this lack of transparency is affecting price discovery and decision-making in the agricultural sector.
You'll grasp the significance of China's strategic shift in agricultural imports and its cancellation of major US wheat orders. You'll also learn about the technological advancements enabling BRICS nations to bypass Western financial systems.
Finally, you'll gain insight into the declining influence of the US in global trade and its unprecedented agricultural trade deficits. You'll come away with a clear picture of how these changes are reshaping the global economic landscape.
This is complete and utter hogwash.
There is not one country, there are not 2 countries combined that can produce the world demand for food and feed grains.
As countries develop, their demand for protein (meat) increases. Feed grain demand will also increase. And no country, or no combination of countries, has a lock on competition for the best price.
"... declining influence of the US in global trade and its unprecedented agricultural trade deficits. "
Say whut? The U.S. has always been a net positive of food and feed grains production. I don't foresee a lot of second rate producers putting much of a dent in that, teaming up or individually.
I recall when Carter boycotted the '80 Olympics, and cut off U.S. wheat to Russia, guess who rushed in to fill the void. Our old ally Australia. There is no honor among allies or enemies when it comes to getting the best price for whatever product is in demand. Food and feed grains are the absolute worst hill to take a stand on. You know why? EVERY country has the capability to produce mass quantities thereof, and America is chief among them. Just saying.
