China, the world’s largest soybean buyer, is turning to Brazilian cargoes amid trade tensions with the US and continuing negotiations. The country has not pre-purchased soybeans from the coming US harvest, an unusual delay that has worried traders and farmers.
“Soybean farmers are under extreme financial stress. Prices continue to drop and at the same time our farmers are paying significantly more for inputs and equipment.
“US soybean farmers cannot survive a prolonged trade dispute with our largest customer,” said the letter sent from the American Soybean Association (ASA) to Trump on Tuesday.
Anonymous
4 comments:
Maybe our gahmen should tell orange man to sell the bean to us at a cheaper price since it will become rotten if they could not sell to china. Then sinkies peasants can have cheaper tao-hue chiu /tao hue /tao gua /tau pop for months to come. Which in a way can also "help" to reduce the cost of living here..tio bo?
The hole will bury Trump as well. Harvesting season is approaching, while migrant workers are hiding for fear of ICE raids or have been sent home already. Without the workers to do the harvesting, even with all the machines, what are farmers going to do?
Harvesting season is also a big problem for farmers. without the guarantee of being able to sell the beans. The soya beans will rot in silos if kept too long, which is a double whammy for USA farmers. Where is the market now? China is not buying soya beans anymore from the USA.
Trump is begging China to buy his soya beans, when he is in the thick of a tariff war against China, which is a no brainer. Luckily, he did not demand, or China will just show him the middle finger. Will Trump again impose a 15% cut on soya sales to China if successful, the same that he did with Nvidia H20 chips. Trump was building castles in the air about imposing a 15% cut on sale of Nvidia chips to China. All the painting of a win-win scenario just vanished into thin air, now that China refused to accept those H20 Nvidia chips. Now, no Nvidia H20 chips being sold to China, no 15% cut as well. Counting chickens before they are hatched is what Trump does best, never mind about chickening out later. This man has no sense of shame, even with six bankruptcies to his name.
The orange loser will get India to buy the soybeans. Modi will tell his people to start eating tofu and use soybeans for making dahl.
Do not give ideas to Trump. He may just do that, by force or else increase tariffs to 50%. Tariff is his most terrifying weapon today and everybody is shaking in their pants. Not the penguins though. They do not wear pants, LOL.
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