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Difficult to think when you don’t have a brainActions have consequences.
Next time people should think before pulling the "R" lever.
Actions have consequences.
Next time people should think before pulling the "R" lever.
That's a whole lot of things that have to come together to make that happen. In theory... sounds good. In reality... highly doubt that goes according to plan.Not a big problem. China is getting them from Canada and Brazil instead of us. So now we just sell our soybeans to Japan and the Netherlands and other countries who won't be able to buy as many from Canada and Brazil because China is buying all of them.
There are obviously some logistics that would need to be worked out but I don't think they are insurmountable, especially given that we're already selling soybeans to those countries anyway. Also, for reasons I don't understand we buy about half a million metric tonnes of soybeans from Canada annually. Presumably if Canada is selling more soybeans to China then we just won't buy as much from them and we can replace that amount with our domestic supply.That's a whole lot of things that have to come together to make that happen. In theory... sounds good. In reality... highly doubt that goes according to plan.
This spur of the moment tariff/trade war Trump is threatening doesn't appear to be a very well thought out plan. It was a knee jerk reaction.
Joni and Chuck are getting abused by Trump. Lower ethanol standards, and weakening soybean markets. In return Chuck rubber stamps 99 percent of Trump’s judicial nominees and Joni defends the train wreck that is Scott Pruitt.
Not a big problem. China is getting them from Canada and Brazil instead of us. So now we just sell our soybeans to Japan and the Netherlands and other countries who won't be able to buy as many from Canada and Brazil because China is buying all of them.
Maybe it helps Caterpillar and John Deere. Brazil is going to need more heavy equipment if they want to raze enough rainforest to supply all of China's soy sauce.Heard an interview a week or two ago from an economist that calculates the impact of decisions like these. Brazil wins bigly, everyone else in the world loses considerably.
Maybe it helps Caterpillar and John Deere. Brazil is going to need more heavy equipment if they want to raze enough rainforest to supply all of China's soy sauce.Heard an interview a week or two ago from an economist that calculates the impact of decisions like these. Brazil wins bigly, everyone else in the world loses considerably.
You guys do realize that a cancellation of a shipment of beans has happened many times before, several times by China before this tariff talk, right?
They are the biggest purchaser of beans, and probably some of the biggest market speculators around. They'll cancel a shipment, price will go down, and we'll see a couple million tons bought by "unknown".
Did you watch exports after the original soybean tariff announcement? Guess who bought a few million metric tons of soybeans after beans lost .25 on the board? "Unknown" purchaser.
Before you spew headlines like this, make sure you actually know what you're talking about. Cancelled shipments suck, no doubt, but it isn't exactly uncommon.
It was sarcasm. Relax.Soybeans don’t grow in the (former) rainforest. They grow them in a very different part of the country.
JD is only about 14% of tractor sales in Brazil. They go for MF, Valtra and New Holland.
But you’re free to continue making sh!t up if you’d like.
There’s a lot of happy Democrats in this thread.
Trade wars are good, and easy to win!
That’s pretty standard operating for the Chinese. Grain traders absolutely hate them
Actions have consequences.
Next time people should think before pulling the "R" lever.
You guys do realize that a cancellation of a shipment of beans has happened many times before, several times by China before this tariff talk, right?
They are the biggest purchaser of beans, and probably some of the biggest market speculators around. They'll cancel a shipment, price will go down, and we'll see a couple million tons bought by "unknown".
Did you watch exports after the original soybean tariff announcement? Guess who bought a few million metric tons of soybeans after beans lost .25 on the board? "Unknown" purchaser.
Before you spew headlines like this, make sure you actually know what you're talking about. Cancelled shipments suck, no doubt, but it isn't exactly uncommon.
So . . . our farmers got less money?You guys do realize that a cancellation of a shipment of beans has happened many times before, several times by China before this tariff talk, right?
They are the biggest purchaser of beans, and probably some of the biggest market speculators around. They'll cancel a shipment, price will go down, and we'll see a couple million tons bought by "unknown".
Did you watch exports after the original soybean tariff announcement? Guess who bought a few million metric tons of soybeans after beans lost .25 on the board? "Unknown" purchaser.
Before you spew headlines like this, make sure you actually know what you're talking about. Cancelled shipments suck, no doubt, but it isn't exactly uncommon.
Both countries lose in a trade war and that is why they are stupid.I would rather be on the US side of this than Chinas side if we go full blown.
The US will largely see price increases on things they don’t really need. There are exceptions but for the most part we don’t need the imports.
China on the other hand would have millions of people out of work.
Without the draw of US sales their factories will be idle.
Tired of the chicken little crap
Not exactly. There's a lot of Democrats saying "See, we told you so", though.There’s a lot of happy Democrats in this thread.
What you don't seem to comprehend is that even the hint of an export problem will affect farmer/rancher buying decisions. Reducing or eliminating big ticket purchases like Ford trucks and John Deere tractors/combines will be the first thing that happens.Absolutely, but don't tell our resident Lefties that, I mean, who would want to have knowledge of what they post about when assuming they know so much is sooo much easier.
Trump's trade henchmen, Mnuchin, Lighthizer, Navarro, are now in Beijing trying to negotiate a deal related to the 301 conflict. If you think they have US agricultural interests at the front of their priority list while they are over there, you would be wrong. Maybe the cancellation is a shot across the bow while they are over there, maybe its not. But the fact is, the mere threat of the 25% tariff is already having an effect on US exports, and that will translate to what really matters, the US price.
(Reuters) - U.S. soybean sales to China ground to a halt after Beijing threatened tariffs on imports, the CEO of agricultural trader Bunge Ltd said on Wednesday, the latest sign of mounting trade tensions upsetting the global flow of commodities.
Countries such as Brazil and Canada are increasing soybean sales to China following Beijing’s threat last month to impose a 25 percent tariff on imports of U.S. soybeans, Chief Executive Soren Schroder said in an interview. U.S. farmers rely on China as the top buyer of soybeans, but at a current price of about $420 per ton, that translates to a potential tax of more than $100 per ton on shipments.
“Nobody’s willing to take the risk of committing to U.S. soybeans to China in the current context, knowing that there could be a $100 penalty from one day to the other, and no way of managing that risk,” Schroder said after the company reported a quarterly loss.
Soybeans were the United States’ most valuable agricultural export last year to China, which bought $12 billion of the crop.
So . . . our farmers got less money?
And China (er, Unknown) got the beans it wanted?
For less money.
Winning.
If you are China.
What you don't seem to comprehend is that even the hint of an export problem will affect farmer/rancher buying decisions. Reducing or eliminating big ticket purchases like Ford trucks and John Deere tractors/combines will be the first thing that happens.
The trickle down effect will be felt as well.
But carry on with your belief that this administration has a well thought out plan.