Soybeans slip following report China has halted its US orders

[workinclasszero]

Soybeans slip following report China has halted its US orders
Gina Heeb May. 3, 2018, 10:57 AM
Soybean prices slipped 0.61% Thursday morning.
That's after Bloomberg reported that China has essentially turned to other countries for its soybeans.

Soybean prices fell Thursday on the back of news that China has effectively halted US orders of the legume amid a trade standoff between the world's largest economies.

Bloomberg's Mario Parker reported Wednesday that the CEO of the world's largest oilseed producer said orders from China have essentially disappeared.

"Whatever they’re buying is non-U.S.," Soren Schroder, CEO of oilseed processor Bunge, told Parker. "They’re buying beans in Canada, in Brazil, mostly Brazil, but very deliberately not buying anything from the U.S."

http://markets.businessinsider.com/news/stocks/soybean-price-report-china-halted-us-orders-2018-5-1023274952

[Girard442]

1. What Trump didn't grasp is that Chinese leadership can precision-trade-bomb Trump supporters.

The red-state Trump fans obviously didn't get it either. But they will.

[workinclasszero]

2. Yeah those Trump voting farmers are gonna get it alright

Right in the shorts from their MAGA god emperor!

Gives them something to think about as they plant their soybeans this year! LOL

Here's a violin for the idiots who thought a New York crooked con man would give a shit about farmers in flyover country...

[wasupaloopa]

3. Well it is our national duty now to eat more tofu dishes. Skip the ground beef and eat more soy

burgers.

After all our fearless leader knows what's best for us.

[Bok_Tukalo]

4. If global demand remains constant, our soybeans can find a market

<POE>

[Wellstone ruled]

5. That is not the way it works.

Trump has soured all the Bean Buyers overseas. China is about to be Soy self efficient. While our Country has been worried about Abortion and Other Feel Good Legislation,China has been busting their butts filling their own Food Source Needs. China is developing major Bean and Corn growing operations in Africa.

During the Obama years,when ever there was a visit to China or a meeting with any China Representative,there was someone from the Department of Agriculture always in these meetings or visits.

Now days it is all about selling Guns and Planes to anyone who wants them.

[Bok_Tukalo]

6. So there is an oversupply of soybeans on the world market?

If that is the case, yeah. Bad news for American growers.

[Wellstone ruled]

8. From what I am hearing from

my sources who have Bins full all under contract, and nervous Bankers worried about that June first payment. They are hoping that their Government Storage subsidy does not go away. If that goes,ouch. And the real challenge is,these Beans can not sustain their Oil quality during the up coming high humidity months.

[Achilleaze]

7. Dirty Donny* & republicans pissing on America's farmers

sad.


* aka republican Draft-Dodger-in-Chief

[OldHippieChick]

9. But he is the

best dealmaker!!! How can this possibly be happening??? Is this lyin' China??

[workinclasszero]

10. Non billionares voting republican...f**kin rubes