Iowa
Related: About this forumUH-Oh - From Kos:
China is Not Collecting Tariffs on U.S. Soybeans Because They've Stopped Buying Them.https://www.dailykos.com/stories/2018/5/2/1761535/-China-is-Not-Collecting-Tariffs-on-U-S-Soybeans-Because-They-ve-Stopped-Buying-Them
CNBC
China is apparently no longer buying U.S. soybeans amid the rise in trade tensions, Bloomberg reported Wednesday.
"Whatever they're buying is non-U.S.," Soren Schroder, CEO of New York-based Bunge, the world's largest oilseeds processor, told the news outlet in a phone interview. "They're buying beans in Canada, in Brazil, mostly Brazil, but very deliberately not buying anything from the U.S."
A Bunge representative did not immediately respond to a CNBC request for comment.
China canceled a net 62,690 metric tons of U.S. soybean purchases in the two weeks ended April 19, the Bloomberg article pointed out, citing USDA data for the current marketing year.
This is potentially devastating to mid-western soy bean farmers and processors, who sold 13.9 billion dollars worth of the product to China in 2017.
Brazilian soy bean prices have gone up as a result of China buying there, and so the EU has increased their buying in the U.S. but their need for the crop is minuscule compared to Chinas.
Way to close that trade gap, drumpf.
Iliyah
(25,111 posts)getagrip_already
(17,449 posts)Bad news travels double fast in farm country. This is going to be a shock wave, with futures contracts nosediving. Farmers will feel it immediately.
And with the farm bill ripping price supports and price insurance programs, they are not going to be a very happy lot.
Cosmocat
(14,981 posts)Over ride their most vital concerns, transgenders using bathrooms, guys kissing other guys, school students fighting to keep insane people from shooting up their schools and nfl players taking a knee.
Zorro
(16,312 posts)for long term gain. Because they're patriots.
So suck it up, Buckos. This is what you voted for.
SergeStorms
(19,312 posts)Don't forget that. At least Hillary isn't President now. Could you imagine the chaos the government would be in right now if Hillary were President? Thank Dog for Trump.
47of74
(18,470 posts)pangaia
(24,324 posts)Honeycombe8
(37,648 posts)This came out as financial news, if you notice the CNBC story. It's also in Bloomberg news. CNN reported on the China-soybean problem in April. http://money.cnn.com/2018/04/05/news/economy/soybeans-china-trade-us/index.html
Snackshack
(2,541 posts)Thats one way to respond to tariffs.
FakeNoose
(35,742 posts)I don't have to buy your stupid soybeans and I don't have to pay your stupid tariffs.
Yonnie3
(18,121 posts)A paraphrase of 'Rump.
Nobody could have predicted this.
It's part of the program to help farmers all over the world.
Do I need a sarcasm tag?
reggaehead
(269 posts)Or Peace in Israel. Or peace in the Koreas
czarjak
(12,434 posts)mitch96
(14,673 posts)Sell the soybeans to, say Brazil... then buy the soybeans from Brazil...
Done..
m
rurallib
(63,207 posts)I would suspect that might be a strategy, but based on the story linked on CNBC which links to Bloomberg - China is avoiding purchases from the US period.
mitch96
(14,673 posts)I read about some similar action going on. After the Shah of Iran was deposed, Iran had all these F-14 Tomcat fighters. The thing is a great aircraft but parts and maintenance intensive. Iran had a embargo so they just bought the parts on the black market. Paid a bit more but at least they got them..
The same could be done with soybeans or anything else they need but are "tariffed".
Think North Korea getting stuff....
m
rurallib
(63,207 posts)That may happen down the road. I suspect that there will be many dealers in the US will work like hell to make that happen.
SunSeeker
(53,715 posts)rurallib
(63,207 posts)This one could have easily been avoided with just a bit of planning and diplomacy.
We had a lot of suicides and foreclosures back then.
pangaia
(24,324 posts)Just another knife cut. Little by little the US is being bled to death on every front.
Augiedog
(2,602 posts)BigmanPigman
(52,292 posts)Probably.
rurallib
(63,207 posts)jayschool2013
(2,468 posts)It's all about gunz and 'bortions.
TomSlick
(11,917 posts)Arkansas voted for Trump by 60.6% margin. Tired of winning yet?
rurallib
(63,207 posts)TomSlick
(11,917 posts)Beware the law of unintended consequences.
Volaris
(10,600 posts)Fuck their pain. I hope this hurts so bad they never even consider doing this to their own Country again
TomSlick
(11,917 posts)I have yet to admit to myself why a majority of the people in Arkansas voted for Trump. I have my theories, none of which I like. However, whatever their intent, it was not for Arkansas agriculture to take a huge hit.
Volaris
(10,600 posts)MyOwnPeace
(17,278 posts)They elected a person with NO plan, NO experience, NO vision, and NO CLUE as to what he's doing.
Gee, how could that possibly be a problem?
BobTheSubgenius
(11,791 posts)I'd have thought there were too many moving parts for it to be easy, but I'm happy I was wrong. All great moves, all on behalf of the American people, and no blowback! Just awesome.
More winning....and winning....and still more winning.
Is anyone tired of winning yet?
Ferrets are Cool
(21,957 posts)I know this sounds fatalistic, but dayum, it "feels" worse than ever.
iluvtennis
(20,879 posts)dchill
(40,502 posts)blueinredohio
(6,797 posts)pangaia
(24,324 posts)Corgigal
(9,298 posts)but brown people.
kimbutgar
(23,307 posts)And the brainwashed cult members will hate the Democratic Party even more. No mention that its twitlers fault. These people are so far gone in the cult they are unable to believe facts anymore,
SCVDem
(5,103 posts)That is the plan, isn't it?
Kill the family farms and sell the remains to big agri-business. Great for Con-Agra!
Will ginsing be next? I know that Mexico is buying corn from Argentina and Brazil. Los sientos Estados Unidos!
I hope this really burns the nasty, in your face trump voters who chanted, "Lock Her Up!"!
Thekaspervote
(34,676 posts)A once friend client who married an older man with generational farming tycoon family had trump pence signs all over their thousands of acres. A racist bunch- hated President Obama.
Would love to be a mouse in the corner about now
Dawson Leery
(19,372 posts)Trump voters need to learn that consequences exist for their actions.
House of Roberts
(5,692 posts)Having a good crop and no market is no better than a bad crop.
Crash2Parties
(6,017 posts)Multinational corporations are often not actually too bothered by things like this.
watoos
(7,142 posts)The article said that Canada was selling beans to China.
Crash2Parties
(6,017 posts)And you have branches in both the USA and China.
China stops buying from your American subsidiary, but not your Canadian one.
What are you going to do to move that product?
A: sell them through the Canadian subsidiary via a two step transfer.
Now, if you aren't that big and you only exist in the USA, what are you going to do?
A: Sell them to a Canadian company which then sells to China.
Still In Wisconsin
(4,450 posts)I am so sick of all the winning!
Nitram
(24,614 posts)seriously damaging the economies of people voted for him.
rurallib
(63,207 posts)wish it were only limited to Trumpsters.
Everyone from the farmer to the banker to the grocer to the implement dealer to schools and county services will suffer.
Nitram
(24,614 posts)Maybe they won't be so quick to believe the empty promises of a Republican again. the country is going though an enormous "correction" and it will be painful for a while.
rurallib
(63,207 posts)and I fear this may be a rerun. That to say that they didn't exactly learn from that one. IIRC that one was fomented by another Republican.
And those groups never stopped voting Republican. Besides, recent research seems to indicate that Trump voters are more driven by race than economics. Amazing, isn't it? They would vote against their own interests because of fear of something that doesn't exist.
But maybe you are right. I sure hope you are.
Nitram
(24,614 posts)For the sake of our country.
AwakeAtLast
(14,258 posts)as they gobble up the farms that go bankrupt. Our food supply will be under complete control of the 1% - even more than now. Frightening!
muntrv
(14,505 posts)Gothmog
(154,614 posts)Bernardo de La Paz
(50,934 posts)mercuryblues
(15,124 posts)with trump's immigration stance they won't have anyone to pick their crop for them anyhow. They won't have to worry about who will pick the crops they can't sell.
I'd even say this is a win-win for them. Are they bored with winning, yet?
rurallib
(63,207 posts)it is almost spooky to see acres and acres of corn and soybeans in exactly straight rows with each stalk or plant that grows to the exact same height, each with the exact sam space between plants.
regnaD kciN
(26,593 posts)pansypoo53219
(21,728 posts)rurallib
(63,207 posts)slumcamper
(1,729 posts)Most certainly, a good share is warranted. We are Democrats, and clearly see a problem here. Like, DUH. Right?
But is our party extinct? What the hell is our party's position and response to this? I'm frustrated that we seem to have NOBODY who can get out in front and speak to these matters. Not a fucking peep. RADIO SILENCE.
This is a situation that MAKES ads for our side. But crickets.
We need an organization that works for and aggressively PROMOTES our principles. Increasingly, the public doesn't even know us.
rurallib
(63,207 posts)they need a little time.