[SpeedyInTexas]

"From the first week of April through the fourth week of June, U.S. soybean exports to Egypt nearly quadrupled from the year-ago period, exports to Vietnam and Taiwan tripled, exports to the Netherlands doubled, and shipments to several other Asian countries rose by 20% or more."

If China buys soybeans from Brazil instead of the US, other countries that normally would have bought from Brazil, will now buy from the US. Soybean farmers are going to do just fine.

Another interesting note from the article: "Ian Shepherdson, chief economist at Pantheon Macroeconomics, said soybean exports alone will likely add 0.6 percentage point to annualized second-quarter GDP growth after seasonal adjustments."

Expect 2nd quarter GDP to be above 3%, likely above 4% with a chance for 5%!!!

[ThankYouFreeRepublic]

Earlier on FR, I read something that they Chinese are looking elsewhere for soybeans and I was worried. Glad to hear this.

[Wuli]

OMG Chinese tarriffs on American farm goods, has American farmers switching to other markets and increasing their exports anyway. Hmmm. It’s contrary to most WSJ reports claiming Trump’s tarriff toss up with China is hurting Trump in the farm belt.

[raiderboy]

I have a positive suggestion to avoid the Chinese tarrifs. Change crops!!! We are finished with the trade deficit. If it takes soy bean sales to China which is only 27% of your sales, so be it. If soy beans go up here beyond my price point I refuse to buy them. Quit moaning that we should subsidize China so you can sell soy beans there. We really do not care.

[DoodleDawg]

Soybean farmers are going to do just fine.

From the story: "U.S. farmers are hardly celebrating. China’s announcement of retaliatory tariffs on April 4 came months after a bumper U.S. soybean crop last year, and the two factors sent prices from around $10.50 a bushel earlier this year to around $8.50 in recent weeks.

Given the cost of land and machinery, the average soybean farmer breaks even at around $9.50 a bushel, said John Heisdorffer, an Iowa grower who serves as president of the American Soybean Association. “Farmers are now well into the red,” he said."

Doesn't look like they're fine to me.

[Iowa Granny]

Well, there are only a certain amount to beans for sale, so this is logical. I’ve been saying so for a month, but nobody pays attention to me. Maybe they’ll believe the WSJ.

[butlerweave]

Will Brazil figure out China is ripping them off ,LOL

[bigbob]

There will always be a ready market for every soybean grown. Only my demagogish congresswoman doesn’t know this.

[DannyTN]

"If China buys soybeans from Brazil instead of the US, other countries that normally would have bought from Brazil, will now buy from the US. Soybean farmers are going to do just fine."

Yes they will. But the reverse of that is why we should have general import tariffs, and not just targeting China. Though I'm okay with targeting China as they have been in a trade war with us for a long time and we haven't been fighting back.