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rurallib

(63,207 posts)
Wed May 2, 2018, 07:32 PM May 2018

UH-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 China’s.

Way to close that trade gap, drumpf.
63 replies = new reply since forum marked as read
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UH-Oh - From Kos: (Original Post) rurallib May 2018 OP
Corporate media ain't gonna tell you that Iliyah May 2018 #1
no, but everyone in soybean country will know by morning getagrip_already May 2018 #8
They will not let a little thing like an economic collapse Cosmocat May 2018 #20
Trump said the farmers were willing to suffer short term pain Zorro May 2018 #28
And a woman as President. SergeStorms May 2018 #40
Don't forget keeping all them unborns safe too until they exit the baby machines.... 47of74 May 2018 #43
All part of the intentional destruction of American ...everything. pangaia May 2018 #21
CNBC is about as corporate as you can get. Also, Bloomberg, CNN,.... Honeycombe8 May 2018 #39
Well... Snackshack May 2018 #2
China says "Hey, it's a free country" FakeNoose May 2018 #37
Nobody knew trade could be so complicated. Yonnie3 May 2018 #3
Or Healthcare reggaehead May 2018 #17
Or India will help with Pakistan? czarjak May 2018 #38
Yea, right mitch96 May 2018 #4
maybe - got a link? rurallib May 2018 #5
No Link... but.... mitch96 May 2018 #50
sure could, but I think right now China is shooting to lock the US out rurallib May 2018 #55
Wow. This is really bad news for the Midwestern states, no? nt SunSeeker May 2018 #6
I am in Iowa and I am guessing we may be going through another early '80s rurallib May 2018 #9
It is bad news for everybody not in the top 1%. pangaia May 2018 #22
That is a very big(ly) deal here in Wisconsin Augiedog May 2018 #7
Will the farmers who voted GOP do it again? BigmanPigman May 2018 #10
sure because this is all Obama's fault and Hillary and her emails rurallib May 2018 #11
Gunz and 'bortions jayschool2013 May 2018 #32
University of Arkansas Agri Economist predicts a $383 MILLION hit to Arkansas. TomSlick May 2018 #12
that'll hurt. rurallib May 2018 #13
Elections have consequences. TomSlick May 2018 #14
'Unintended'my ass. They did this shit ON PURPOSE because they thought it would piss us off. Volaris May 2018 #31
Perhaps I am being unclear. I was talking about the intent of Arkansas voters. TomSlick May 2018 #33
No I'm sure it wasn't...it was only supposed to be The Others who were damaged by MAGA. Volaris May 2018 #34
You got THAT right! MyOwnPeace May 2018 #56
Good thing trade wars are so easy to win. BobTheSubgenius May 2018 #15
The U.S. is going to tank soon.... Ferrets are Cool May 2018 #16
The soybean farmers (and other farmers as well) voted for Trump, now their livelihood is gone. iluvtennis May 2018 #18
Who could have foreseen that? dchill May 2018 #19
You reap what you sow blueinredohio May 2018 #23
Maybe it's finally time to cash in my Treasury Bonds and hold cash. pangaia May 2018 #24
Yeah, Corgigal May 2018 #25
Fox " so called" news will blame Obama kimbutgar May 2018 #26
Is it time for Bain Capital? SCVDem May 2018 #27
I live in the MW, most of my life Thekaspervote May 2018 #29
Good to hear. Dawson Leery May 2018 #30
I wonder if crop insurance covers this. House of Roberts May 2018 #35
Suddenly, soy sales to Canada mysteriously increase. Crash2Parties May 2018 #36
That's not what the article said, watoos May 2018 #41
Okay, let's say you are a multinational corporation that moves soybeans Crash2Parties May 2018 #61
So much winning... Still In Wisconsin May 2018 #42
I confess to experiencing some major schadenfreude each time I hear that Trump's policies are Nitram May 2018 #44
Unfortunately, the damage will hit everyone rurallib May 2018 #45
I know, but in the long run it might set conservative businessmen and farmers straight. Nitram May 2018 #46
I so remember the farm problems of the mid-80s rurallib May 2018 #47
I hope so, too. Nitram May 2018 #48
This is all to make corporate farmers richer AwakeAtLast May 2018 #49
Tired of winning yet? muntrv May 2018 #51
This is designed to screw the base of voters who voted for trump Gothmog May 2018 #52
Trump Slump. Over $5,000,000,000 from Iowa alone. . . . nt Bernardo de La Paz May 2018 #53
That's ok mercuryblues May 2018 #54
except corn and soybean farming is almost totally mechanized rurallib May 2018 #57
Tired of all the "winning" yet...? regnaD kciN May 2018 #58
the moron is player checkers vs china- chinese checkers. pansypoo53219 May 2018 #59
he's a bully who just met someone who will kick his ass sound the globe rurallib May 2018 #60
There's a whole lot of pissing and moaning on this thread. slumcamper May 2018 #62
When I posted this it was only a few hours since it happened rurallib May 2018 #63

getagrip_already

(17,449 posts)
8. no, but everyone in soybean country will know by morning
Wed May 2, 2018, 08:16 PM
May 2018

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)
20. They will not let a little thing like an economic collapse
Wed May 2, 2018, 08:54 PM
May 2018

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)
28. Trump said the farmers were willing to suffer short term pain
Wed May 2, 2018, 09:01 PM
May 2018

for long term gain. Because they're patriots.

So suck it up, Buckos. This is what you voted for.

SergeStorms

(19,312 posts)
40. And a woman as President.
Wed May 2, 2018, 10:02 PM
May 2018

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.

Honeycombe8

(37,648 posts)
39. CNBC is about as corporate as you can get. Also, Bloomberg, CNN,....
Wed May 2, 2018, 09:53 PM
May 2018

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

FakeNoose

(35,742 posts)
37. China says "Hey, it's a free country"
Wed May 2, 2018, 09:36 PM
May 2018

I don't have to buy your stupid soybeans and I don't have to pay your stupid tariffs.

Yonnie3

(18,121 posts)
3. Nobody knew trade could be so complicated.
Wed May 2, 2018, 07:40 PM
May 2018

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?

rurallib

(63,207 posts)
5. maybe - got a link?
Wed May 2, 2018, 08:06 PM
May 2018

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)
50. No Link... but....
Thu May 3, 2018, 05:30 PM
May 2018

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)
55. sure could, but I think right now China is shooting to lock the US out
Thu May 3, 2018, 07:06 PM
May 2018

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.

rurallib

(63,207 posts)
9. I am in Iowa and I am guessing we may be going through another early '80s
Wed May 2, 2018, 08:17 PM
May 2018

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)
22. It is bad news for everybody not in the top 1%.
Wed May 2, 2018, 08:57 PM
May 2018

Just another knife cut. Little by little the US is being bled to death on every front.

Volaris

(10,600 posts)
31. 'Unintended'my ass. They did this shit ON PURPOSE because they thought it would piss us off.
Wed May 2, 2018, 09:16 PM
May 2018

Fuck their pain. I hope this hurts so bad they never even consider doing this to their own Country again

TomSlick

(11,917 posts)
33. Perhaps I am being unclear. I was talking about the intent of Arkansas voters.
Wed May 2, 2018, 09:21 PM
May 2018

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.

MyOwnPeace

(17,278 posts)
56. You got THAT right!
Thu May 3, 2018, 07:07 PM
May 2018

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)
15. Good thing trade wars are so easy to win.
Wed May 2, 2018, 08:37 PM
May 2018

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?

kimbutgar

(23,307 posts)
26. Fox " so called" news will blame Obama
Wed May 2, 2018, 09:00 PM
May 2018

And the brainwashed cult members will hate the Democratic Party even more. No mention that it’s twitlers fault. These people are so far gone in the cult they are unable to believe facts anymore,

 

SCVDem

(5,103 posts)
27. Is it time for Bain Capital?
Wed May 2, 2018, 09:01 PM
May 2018

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)
29. I live in the MW, most of my life
Wed May 2, 2018, 09:07 PM
May 2018

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

Crash2Parties

(6,017 posts)
36. Suddenly, soy sales to Canada mysteriously increase.
Wed May 2, 2018, 09:31 PM
May 2018

Multinational corporations are often not actually too bothered by things like this.

Crash2Parties

(6,017 posts)
61. Okay, let's say you are a multinational corporation that moves soybeans
Thu May 3, 2018, 08:45 PM
May 2018

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.

Nitram

(24,614 posts)
44. I confess to experiencing some major schadenfreude each time I hear that Trump's policies are
Thu May 3, 2018, 08:31 AM
May 2018

seriously damaging the economies of people voted for him.

rurallib

(63,207 posts)
45. Unfortunately, the damage will hit everyone
Thu May 3, 2018, 09:21 AM
May 2018

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)
46. I know, but in the long run it might set conservative businessmen and farmers straight.
Thu May 3, 2018, 09:28 AM
May 2018

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)
47. I so remember the farm problems of the mid-80s
Thu May 3, 2018, 09:33 AM
May 2018

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.

AwakeAtLast

(14,258 posts)
49. This is all to make corporate farmers richer
Thu May 3, 2018, 11:43 AM
May 2018

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!

mercuryblues

(15,124 posts)
54. That's ok
Thu May 3, 2018, 06:53 PM
May 2018

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)
57. except corn and soybean farming is almost totally mechanized
Thu May 3, 2018, 07:09 PM
May 2018

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.

slumcamper

(1,729 posts)
62. There's a whole lot of pissing and moaning on this thread.
Thu May 3, 2018, 10:04 PM
May 2018

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.

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