Trade War Update: China May Have Shot Self In Foot

Forbes ^ | August 15, 2018 | Kenneth Rapoza

[2ndDivisionVet]

China made a “dumb move” in targeting America’s heartland with tariffs. Soybeans are a case in point.

“I understood politically why they chose soybeans, but they made a dumb move,” says John Baize, a market analyst with the U.S. Soybean Export Council. The U.S. is the number one exporter of soybeans. Brazil is number two. No one comes close after that except for Argentina, which is the largest exporter of soymeal and soybean oil.

Soybeans don’t fall from the sky, so China has very little mega-markets outside of the U.S. Brazil is the only one, really. And now they are paying more for soy at a time when soy prices are near rock bottom thanks to record acreage and harvest sizes in Brazil and the U.S.

Soy is the number one item China buys from the U.S. and a top three item from Brazil. That alone stands as a testament to just how important that crop is to feed not only the Chinese but Chinese fish and Chinese livestock that live on the stuff....

[metmom]

I think he is being blessed for supporting the lives of unborn babies and for recognizing Jerusalem as the capitol of Israel, amongst other things.

I would tend to agree.

[Ozark Tom]

If there is arable land not in use within China, land not polluted by rain laden with industrial waste, why are there now lease negotiations with Russia for about 6 million acres of mediocre unused farmland? Even with soil remediation, it will not produce a great crop in the next growing season.

[SunkenCiv]

Thanks 2ndDivisionVet.

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• Russia Offers 2.5 Million Acres of Land to Chinese Farmers [2018]
• Ship carrying US soybeans circles outside China for month after tariffs [2018]
• Farmers Backed Trump But Suffer from His Trade War [2018]
• Communist China Lobby Buys U.S. Influence With Clintons, Bushes [2018]
• China may have to resume U.S. soybean purchases in weeks: Oil World [2018]
• Ravenous for Meat, China Faces a Climate Quandary [2018]
• Germany says U.S.-Europe trade tensions ease, questions remain on soy [2018]
• Drive-Bys Claim 4.1% GDP Growth Is Built on Soybeans! [2018]
• US Soybean Price [2018]
• Soybean giant Brazil swoops on US crop as China trade war punctures prices [2018]
• U.S. Soybean Exports Surged Last Quarter [2018]
• Trade Fight Threatens Farm Belt Businesses [2018]
• China deploys soybeans in trade war, but may hit own foot [2018]
• Iowa farmers receive major boost after soybean deal [2017]
• China's $6 billion soybean buy benefits Minnesota [2011]
• Actually They Come From China [2008]
• America's grain stocks running short (food security and export control?) [2008]
• China says US soybeans unsafe (oh, brother) [2007]
• more soybean keyword