China Has Stopped Buying U.S. Soybeans, Bunge Says

[TomCADem]

Source: MSN/Bloomberg

The world’s biggest oilseed processor just confirmed one of the soybean market’s biggest fears: China has essentially stopped buying U.S. supplies amid the brewing trade war.

“Whatever they’re buying is non-U.S.,” Bunge Ltd. Chief Executive Officer Soren Schroder said in a telephone interview Wednesday. “They’re buying beans in Canada, in Brazil, mostly Brazil, but very deliberately not buying anything from the U.S.”

In a move that caught many in U.S. agriculture by surprise, China last month announced planned tariffs on American shipments of soybeans. As the market waited for the measure to take effect, there was some hope among traders and shippers alike that relations between the nations could ease in the meantime and the trade flow would continue. But that doesn’t seem to be the case, at least for now, according to Bunge.

It’s “very clear” that the trade tensions have already stopped China from buying U.S. supplies, Schroder said. “How long that will last, who knows? But so long as there is this big cloud of uncertainty, that’s likely to continue.”

Read more: https://www.msn.com/en-us/money/markets/china-has-stopped-buying-us-soybeans-bunge-says/ar-AAwEhtY?li=BBnb7Kz

[Wellstone ruled]

1. Wow,reality check my friends.

Wonder what the Trump voting Farmers in Minnesota and Iowa are saying tonight. The Phone lines at the Banks are going to be white hot tomorrow.

[workinclasszero]

3. Trump sends his thoughts and prayers farmers

They voted for Donald Trump. Now soybean farmers could get slammed by the trade war he started.
By Caitlin Dewey April 5

Bret Davis voted for Donald Trump in 2016, as did many of his fellow farmers in central Ohio. But as a brewing Chinese trade war begins to threaten U.S. exports, Davis fears his fifth-generation farm will suffer.

Soybean-producing counties went for Trump by a margin of more than 12 percent, according to a Washington Post analysis. And yet on Wednesday, Davis and thousands of other farmers woke to the news that China had proposed retaliatory tariffs on soybeans, corn and other row crops as part of a trade war the president started.

Farmers say they haven’t given up on Trump. But they’re increasingly alarmed by his approach.

https://www.washingtonpost.com/news/wonk/wp/2018/04/05/they-voted-for-president-trump-now-soybean-farmers-could-get-slammed-by-the-trade-war-he-started/?utm_term=.4c45c029622f

[Wellstone ruled]

5. Had a Relative visiting last week who

works with the Farming Community in her area. Most of the Bean Planting is in full swing as we speak this week. Her comment was,if the China Sales go south,there will be a lot of Cash Croppers facing finical ruin by fall. And if China or Mexico do not re buy Corn in the next few weeks,real shit will hit the fan.

[C Moon]

6. But the wall! The wall!!

[Achilleaze]

21. "But they are shithole countries." - Dirty Donny* (R)

* aka republican Wheeler-Dealer & Draft-Dodger-in-Chief

[Hortensis]

35. Grim. They are victims also of people they trusted.

Financial ruin, not just of individuals but perhaps ends to once-prosperous communities and their way of life, is too severe punishment for allowing themselves to be mislead.

Note that again China is striking Trump voters most strongly. Now, if only China would come over here, sit down with these people in small groups, and explain the lesson, not leave them in the hands of Hannity and Lou Dobbs.

[ananda]

14. This support the white man thing is incredibly strong.

I guess they would rather be destroyed by a white man than ...

[Hortensis]

38. No. That's one factor, big for some people. Hyperpartisanship

is probably a much stronger factor in the Republican electorate's descent into political idiocy and insanity. A huge warning for us to beware and monitor our own thinking. It is also happening on the left.

Here's one discussion of partisanship, among thousands now, as a factor.

Why did so many Republicans support Trump? Most voted for him simply because he was the Republican nominee. About 30 percent of Trump voters said they were voting primarily against Clinton. True, many Republicans had their concerns about Trump.

But whatever qualms Republicans might have about Trump, at least he was on the side of people like them. And by the end of the campaign, Hillary Clinton appeared as the devil incarnate. In a two-party system, what alternative did they have?

The logic of this was simple: The key to winning was disqualifying the other side. In a two-party system, with only two choices, you just have to be less unappealing than the other side. Such is the twisted logic of negative partisanship.

In a parliamentary multi-party system, Republican voters dissatisfied with Trump as their leader could have formed a new conservative party without guaranteeing a Democratic victory. But in our two-party, winner-take-all presidentialist system, they were stuck. And they are still stuck. No matter how unhappy they might be sticking with Trump, to align with Democrats feels like treason, and there’s no real option for a third party. And in a presidentialist system, with so much power in the executive, the stakes of presidential power consume everything else.

https://www.vox.com/polyarchy/2017/9/22/16345194/republican-party-pathological

Btw, these people who were twisted to believe Hillary Clinton was "the devil incarnate" came to this election knowing a great deal about her, which experts thought would limit the ability of mind-twisters to affect their preexisting opinions. She had high approval ratings (including from some of them) as a senator and secretary of state. But hyperpartisanship (and a woman trying to break the highest glass ceiling remaining) lead many fairly rational millions to discard previous dislike, neutrality, or approval in favor of wondering how many people she actually did have murdered. And Bill drag out for burial in black plastic garbage bags.

To my mind, they were turned into partisan attack dogs a long time ago, but it was only with W that I finally realized my sensible conservative friends would never hit bottom and refuse to support their party. Bottom has to hit them. Bad.

[Wellstone ruled]

44. Thank you once again

for you truth full post. Have to agree one hundred per cent. Have commented on many occasions as to what I personally was seeing and hearing in the finally two weeks of the Campaign. Most of,if not all,of what you posted was happening in real time while phone banking and door knocking during my Registered Democratic Voter Turn Out efforts.

This information was right in front of us and we simply could not quantify it.

[RockRaven]

2. All of a sudden

'Murica, F*ck Yeah! isn't the slogan it's cracked up to be.

Oopsie. But will they learn? Doubt it.

[exboyfil]

4. Terry Brandstad

You are doing a hell of a job.

[chillfactor]

7. the soybean farmers are facing disaster....

and yet these are the same people who voted for tRump..hope they are happy now.

[still_one]

8. Brazil is a huge producer of soy beans. Even if trump backs off his tarriffs now, I don't see

China rushing back to buy from the U.S. market

Once organization loses a customer, it is extremely difficult to get that customer back

[jes06c]

9. To any soybean farmer who voted for Trump:

I hope it was worth it so that you could stuck it to the Mexicans, the Muslims, the PC Police, or whatever right-wing boogeyman you bought into

[msongs]

10. oversupply should mean big price drops in the usa for soy nt

[raven mad]

11. Gee. I wonder which farm crisis this one will copy?

sTrumpet had a very bigly idea, really! It's yuuuuuuge......

[lunatica]

12. Aah! Aren't trade wars fun?!

Trump has China right where he wants it.

MAGAAAAAA!!

[truthisfreedom]

13. How are they buying Canadian soybeans in May?

When were they grown? It’s been below freezing for months.

[ashredux]

15. Futures.....

[IronLionZion]

25. Crops are often bought well before they're grown

through trade agreements and contracts.

[Thekaspervote]

29. Or last years crops that have been in storage- grain elevator storage

[denbot]

16. Soy beans, oil up, soy meal down..

Not even the commodity markets make sense.

[True Blue American]

17. That will kill Republicans in Ohio

Soybeans are a major crop. They ship auto parts here, then ship soybeans back in the RailRoad cars.

[duforsure]

18. People should realize

This and many other items getting targeted now will dramatically increase their costs when they go to the store, and will do nothing but go straight up, all because of trump. Other things skyrocketing, insurance, health care, drug prescriptions, gasoline, and many other items, including the deficit.

[True Blue American]

19. Gas has already gone up 30/40 cents here

Well on the way to $3.

[BumRushDaShow]

24. THIS and over $3 in the Philly area. nt

[CountAllVotes]

40. It was $3.85 yesterday

Cheapest seen in the pacific northwest of California and no, I am not going anywhere!

Luckily they opened a Grocery Outlet abt. a mile from were I am.

Driving into town and back to do the shopping is costing me abt. $10 roundtrip.

My car is 16 years old and I have no plans to replace it.

[BumRushDaShow]

41. I am glad that I am retired

and only have to buy gas about once every 2 weeks (and then 1/2 a tank at that, since I try to keep it above 1/2). I know the gouging is about to start with all the usual "excuses".

[Achilleaze]

20. Thanks a diaperload republicans

repubes always screw up the economy.

[duforsure]

22. Rural farmers hurt the most,

From trump blow up all the trade deals policies, and the American consumer will see costs rise on many things from these reckless and irresponsible policy decisions. All farmers should now vote these corrupt people out of office, and keep from being bankrupted from all the things they're doing that'll hurt them badly. trump cannot be trusted, as they've found out the hard way.

[True Blue American]

27. All the rural areas in South West Ohio

And farther up are Soy Beans. When I go to Richmond,Indiana it is soy beans and turkey farms.

On north,same thing.

[democratisphere]

23. Wait till China stops buying our debt.

I believe the white men and women that voted for drumpf et al had better start using what's left of their gray matter before they collapse our economy.

[pansypoo53219]

26. clearly the moron thinks a trade war is checkers, meanwhile china just checked him.

[riversedge]

28. Kurt Eichenwald "Trump's recklessness is going to cripple the midwest."....

My brother is a manager in small plant in WI. He says the small town is going to devastated.



Kurt Eichenwald
‏Verified account @kurteichenwald

China has broken out the big guns in the trade war Trump started.

They are not using tariffs. They are canceling orders for soybeans and getting supplies from another country. This is $14 billion a year to US farm economy. Trump's recklessness is going to cripple the midwest.

[Thekaspervote]

30. Oh but ya know trade wars are easy to win... Sarah f..kbee says her boss told her. Has to be true

[Gothmog]

31. This is a major development

This is very bad news for US farmers

[jpak]

32. Ruh Roh Trumpers - lol!

[llmart]

33. To those rural Trumpsters who voted for him...

I don't have one more shit to give. You broke it, you bought it. Live with the consequences. Pull yourselves up by your bootstraps, for Keerist's sake!

This is what you get for thinking that voting for someone with ZERO government experience is a good thing.

On a positive note, at least now you can say Merry Christmas again (yes, that's a line quoted from a redneck woman at the Michigan KKK rally that was held last week).

[rtracey]

34. sorry

Sorry farmers who thought FUCKUMP was on your side....Too bad you decided that a POS con-man was going to be a better president then a Senator, First lady and Sec of State to one of the most popular presidents this country has ever seen....what? Benghazi? e-mails? White water? Do you think President H. Clinton would be shitting on China, calling African countries shithole countries, and mostlyFUCK OVER THE FARMERS?


whatever...

[still_one]

36. I find this interesting that there is little coverage of this by the news outlets

[greatlaurel]

37. This is going to devastate the American economy this harvest season.

If anyone can scrape up a group to start investing in farmland, now is the time. The oligarchs, Kochs, and the Chinese cannot wait to get their hands on the most productive farmland in the world, which will be sold at fire sale prices this coming winter. The corn belt from Western Ohio through Iowa still has topsoil that has not eroded away from their poor soil conservation practices and the corn belt is going to continue to get rain despite global warming, if the current long term models hold.

Most people do not understand that agriculture is still the bedrock of the American economy. This is going to have a devastating ripple effect through the US economy. Nothing could have been designed that would weaken the US for decades to come like the mess that Trump and his GOP congress critters have created. Perhaps what is being done has been planned and they just found the perfect idiot to put it in place, while distracting the propagandized agriculture communities with right wing hate radio, so they are happy to be destroyed because they have been brainwashed to fear POC and Muslims.

"Winter is coming."

[Javaman]

39. things will change when the agra-corps take a hit...

they won't this shit go un-noticed.

if anything, if the repukes hold the line, the agra-corps will start holding back donation money.

[keithbvadu2]

42. Thanks, Donald... Fox will figure a way to blame Hillary/Obama.

[TeamPooka]

43. Thanks Trump!