‘Asian countries have been trying to ensure access to food supplies after grain prices soared earlier this year’
The oil rich Middle East is also looking into investment in Africa & Asia for food supply. If there were to be a significant shift in the global markets along this route the US economy would suffer, no doubt having a knock on effect for the likes of us.
I am inclined to think that in the long term these sorts of moves by nations on a wide scale will re-shape global economics for the better, with a bit of financial pain during adjustment.
Last year there were massiive areas of Russia put under the plough for the first time in 50 years or so. I believe there were European contract teams with ploughs and tractors sent over with task of planting thousands of hectres of land to grow grain for bio diesel. I don't think it would be a serious problem for the USA. I would imagine the big USA players like Cargill will be right in amongst it if this happens.