U.S. Soybean Prices Crumble

[RandySF]

“Soybean prices in the U.S. and Brazil, the nations that account for roughly 80 percent of global exports, have taken drastically different paths thanks to Donald Trump’s trade war,” Bloomberg reports.

“In the U.S., average cash prices fell to about $7.79 a bushel this week, the lowest in almost a decade… Meanwhile in Brazil, exporters have been handed high times. Soybeans to be loaded in August at the nation’s Paranagua port fetched $2.21 a bushel more than Chicago futures as of Friday, the widest gap since data starts in 2014.”


https://politicalwire.com/2018/07/06/u-s-soybean-prices-crumble/

[roamer65]

1. No subsidies! None whatsoever.

No taxpayer bailout for Dump lovers!

[DURHAM D]

9. Hey...we grow soybeans

and I have never once in my life (since 1966) voted for a Republican.

[roamer65]

13. I wish there was a way to selectively target subsidies.

But unfortunately there isn’t.

[RainCaster]

2. This is how we win at trade wars- BIGLY

So much winning

[gratuitous]

12. They're so easy to win, according to the president

Sure some of you are going to go broke or out of business or sustain a financial loss that you may never make up, but that's a price Trump is willing to pay for an easy trade war win.

Shades of Jerry Ford:

We're gonna whip inflation now
We'll all eat crow instead of cow
We'll even starve to death and how
So we can whip inflation now!

[Wellstone ruled]

3. The GOP has promised the Grain Farmers a cash

bailout of 30 billion. Just another gop vote buying campaign. Oh btw,the market daily down limit is 25 cents if memory is working.

[TheRealNorth]

4. The information is presented in a confusing manner

So are they saying Brazil's soybeans are going for $10.00 A bushel?

[Fred Sanders]

11. Appears so. And makes sense. Tariffs on American soybean exports means importers are going to be

paying 2 bucks a bushel more for American soybeans. Any other country can just raise their prices, or just let the free market do it, by the same 2 bucks.

The American farmer gets screwed. Everyone else exporting soybeans is on the 🌙!

Brazil 🇧🇷. Probably need the 💵 more anyway, so a silver lining.

[Iliyah]

5. I read that Brazil brought US Soybens at a low rate

and will study them, and re-sale at a higher price to other countries.

So much winning.

[yonder]

6. The not-so-invisible hand of the marketplace at work.

[DBoon]

7. Make Brazil Great Again!

nt

[irisblue]

8. Hmmm

I paid $1.99 for a 12oz block of extra firm tofu last week, it'll be interesting to see if price/ availability changes.

[Achilleaze]

10. Up your mutant GMO wazoo, republiwankers pissing on America

And chase it with a gallon of your gawd-forsaken glyphosate