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07-24-2018 06:06 PM
Alright I will bite. The Sec said they US Government would open new markets for ag products. My question is who has the ability to step up and replace China. How many years will this take, after all a bunch of us might just be in the grave before it all comes down. My problem with China is they are a bunch of stingy traders. Having said that if the administration can come with money from new markets quickly , then we might be ahead (skeptical) .Anyone know who or where this new market is.
07-24-2018 10:56 PM
That's why this current band aid....IF it ever happens...
i doubt the govt is going to send bail checks till next spring or most likely next fall i.e. When the govt normally sends farm checks.
IF the markets act ok and there is deemed no tariff effect...the govt is not going to pay then.
what blows me away is the bail money programs are from the 1930s sooooo if we had low markets the last couple years Where was the govt programs for beneficial use then???
guess it's best to just keep a sense of humor re the whole Mickey Mouse mess. Lol
07-24-2018 11:56 PM
07-24-2018 12:36 AM
Answer is everyone else. China taking everything Brazil can produce opens huge market potential that is not as seasonal. It’s been great to see beans sell and meal production up in the off season
07-24-2018 01:38 AM - edited 07-24-2018 01:44 AM
To effectively replace bout 1/3 of the soy supply they currently get in the USA.
Who knows how well the alternatives are going to work or cook for the Chinese?
soooo in most respects, China is simply going to have to buy the higher priced USA soy....for awhile.
this i.e. The afore day will eventually end and chinese paybacks to the USA could be a mother bear so to speak.
trump is a true disappointment in all this. Just short sighted kromagnum man thinking.
07-25-2018 03:35 PM
A tweet just moments ago, on my Twitter feed:
"First Trump trade win! EU has agreed to lower industrial tariffs, aligning standards on medical products & import more US soybeans as much as 3 MMT in order to avoid a 25% auto tariff! US could turn out to be top EU soybean supplier!" Source: EU Commission & Bloomberg
What say you?