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China's 11th consecutive year of grain increase combined with a bumper harvest in the US puts global grain prices under pressure
The harvest season is about to arrive, and China is expected to see an 11th consecutive year of bumper grain harvests. But according to an analysis by The Wall Street Journal, years of official purchasing policy have severely distorted grain prices, with corn prices even reaching 3 times the international price, and a bumper harvest actually creates more problems.