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Showing Original Post only (View all)Trade war fallout: Soybean prices plunge to a 10-year low [View all]
Source: money.cnn.com
The price of a bushel slid to $8.55 on Wednesday, a 13% decline since the beginning of the year. Prices are falling as a result of the escalating trade war between the United States and China.
The United States imposed a 25% tariff last week on $34 billion worth of Chinese goods. China responded with a tariff on American goods worth an equal amount, including soybeans.
China is the world's largest buyer of American soybeans. Farmers in the United States sell about a third of their harvest there. Soybeans are used both for cooking and for feeding livestock.
Read more: https://money.cnn.com/2018/07/11/news/economy/soybean-prices/index.html
Hey Pence, why don't you let 'em know in Iowa today how "great" all this is!!
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"I am fighting for a level playing field for our farmers, and will win!"* D Trump
Botany
Jul 2018
#3
Yep. And all those republican farmers who bitch about govt hand-outs to everyone else will
progressoid
Jul 2018
#11
And in Arkansas.................they have this idiot.............and he is idiot................
turbinetree
Jul 2018
#7
Under Obama (whom soy farmers hated), soy exports boomed from 34 m tons to 58 m tons.
sandensea
Jul 2018
#10
W-I-N-N-I-N-G.....But I agree with the posts above. there will be massive bailouts to salvage
Guy Whitey Corngood
Jul 2018
#16
I think the bailout idea will come from him (not him per se but the last ghoul left in the room
Guy Whitey Corngood
Jul 2018
#21
I imagine in Indiania, Pence's old state, that things aren't doing too well either? nt
SWBTATTReg
Jul 2018
#26