Soybean giant Brazil swoops on US crop as China trade war punctures prices

South China Morning Post ^ | Updated : Saturday, 21 July, 2018, 3:37am | Keegan Elmer

[DoughtyOne]

Trump, you magnificent bastart...

[Chode]

EU just promised to import more soybeans

[ExSES]

It is my understanding that, while Brazil is a major grower of soybeans, they consume much of their production domestically and have no huge surplus to export...

[central_va]

Don’t care. What about the strife in Gookland due to higher food prices due to the import tariff? Will your leader for life survive?

[lurk]

We were just in Nebraska. Farmers there are anticipating a loss of a lot of money in the short run. They still lean in favor of Trump, but this has them feeling nervous.

[central_va]

Not sure about soy, but Brazil turns a lot of crops into ethanol.

[deweyfrank]

Most of the smart farmers signed contracts early on in the process and are still getting $10/bushel.

[central_va]

Farmers a less than 1% of the workforce and they are over represented in government IMO.

I never heard ANYONE complain when textiles were off shored and hundreds of towns in the south were turned into ghost towns. Where were the lamentations then?

[montag813]

Great, now Brazilian sperm counts can drop as well. SO stupid for men to eat soy. But it’s in nearly everything these days. Have to read labels like never before.

[Red Steel]

Domestically they get crushed if Xi goes through with the tariff. They are going to feel it.

[Fungi]

Stay away from soy beans and anything related to them. Read up on them and you will be surprised about their negative health implications, too many to enumerate here.

[Vince Ferrer]

We were just in Nebraska. Farmers there are anticipating a loss of a lot of money in the short run. They still lean in favor of Trump, but this has them feeling nervous.

Someone will buy the soybeans, US buyers, the Chinese, or the Europeans. If Brazil is smart, they will buy the soybeans and sell them to China with a markup. Hopefully the tariff will be just slightly less than what it would take someone like the Germans to buy a lot of soybeans and ship it to Germany, then by rail through Russia to China.

[cornfedcowboy]

Farmers can’t make it on $10 soybeans. Breaking even at best.

[central_va]

Domestically they get crushed if Xi goes through with the tariff. They are going to feel it.

Business pressholes never talk about that...

[central_va]

Breaking even at best.

Like the millions who lost their manufacturing jobs over the last 3 decades, they should retrain to be brain surgeons and software engineers.

[Red Steel]

There’s $12 billion on tap to carry them over while they wrangle this out the last time I looked.

[central_va]

and not a penny for a wall.

[RoseofTexas]

Heck, I'm waiting for meat prices to tumble so that I can stock up my fridge!! 😁

[Red Steel]

Yeah too bad Trump can’t unilaterally get the money for the wall. Senator Grassley publically lamented that Trump has ‘too much power’ in the area of tariffs, et cetera.