UH-Oh - From Kos:

[rurallib]

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.

[Iliyah]

1. Corporate media ain't gonna tell you that

[getagrip_already]

8. no, but everyone in soybean country will know by morning

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]

20. They will not let a little thing like an economic collapse

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]

28. Trump said the farmers were willing to suffer short term pain

for long term gain. Because they're patriots.

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

[SergeStorms]

40. And a woman as President.

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]

43. Don't forget keeping all them unborns safe too until they exit the baby machines....

[pangaia]

21. All part of the intentional destruction of American ...everything.

[Honeycombe8]

39. CNBC is about as corporate as you can get. Also, Bloomberg, CNN,....

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. Well...

That’s one way to respond to tariffs.

[FakeNoose]

37. China says "Hey, it's a free country"

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

[Yonnie3]

3. Nobody knew trade could be so complicated.

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]

17. Or Healthcare

Or Peace in Israel. Or peace in the Koreas

[czarjak]

38. Or India will help with Pakistan?

[mitch96]

4. Yea, right

Sell the soybeans to, say Brazil... then buy the soybeans from Brazil...
Done..
m

[rurallib]

5. maybe - got a link?

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]

50. No Link... but....

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]

55. sure could, but I think right now China is shooting to lock the US out

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]

6. Wow. This is really bad news for the Midwestern states, no? nt

[rurallib]

9. I am in Iowa and I am guessing we may be going through another early '80s

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]

22. It is bad news for everybody not in the top 1%.

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

[Augiedog]

7. That is a very big(ly) deal here in Wisconsin

[BigmanPigman]

10. Will the farmers who voted GOP do it again?

Probably.

[rurallib]

11. sure because this is all Obama's fault and Hillary and her emails

[jayschool2013]

32. Gunz and 'bortions

It's all about gunz and 'bortions.

[TomSlick]

12. University of Arkansas Agri Economist predicts a $383 MILLION hit to Arkansas.

[link:http://www.deltafarmpress.com/rice/retaliatory-tariffs-ag-could-mean-383-million-hit-arkansas|

Arkansas voted for Trump by 60.6% margin. Tired of winning yet?

[rurallib]

13. that'll hurt.

[TomSlick]

14. Elections have consequences.

Beware the law of unintended consequences.

[Volaris]

31. 'Unintended'my ass. They did this shit ON PURPOSE because they thought it would piss us off.

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

[TomSlick]

33. Perhaps I am being unclear. I was talking about the intent of Arkansas voters.

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]

34. No I'm sure it wasn't...it was only supposed to be The Others who were damaged by MAGA.

[MyOwnPeace]

56. You got THAT right!

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]

15. Good thing trade wars are so easy to win.

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]

16. The U.S. is going to tank soon....

I know this sounds fatalistic, but dayum, it "feels" worse than ever.

[iluvtennis]

18. The soybean farmers (and other farmers as well) voted for Trump, now their livelihood is gone.

[dchill]

19. Who could have foreseen that?

[blueinredohio]

23. You reap what you sow

[pangaia]

24. Maybe it's finally time to cash in my Treasury Bonds and hold cash.

[Corgigal]

25. Yeah,

but brown people.

[kimbutgar]

26. Fox " so called" news will blame Obama

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]

27. Is it time for Bain Capital?

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]

29. I live in the MW, most of my life

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]

30. Good to hear.

Trump voters need to learn that consequences exist for their actions.

[House of Roberts]

35. I wonder if crop insurance covers this.

Having a good crop and no market is no better than a bad crop.

[Crash2Parties]

36. Suddenly, soy sales to Canada mysteriously increase.

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

[watoos]

41. That's not what the article said,

The article said that Canada was selling beans to China.

[Crash2Parties]

61. Okay, let's say you are a multinational corporation that moves soybeans

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]

42. So much winning...

I am so sick of all the winning!

[Nitram]

44. I confess to experiencing some major schadenfreude each time I hear that Trump's policies are

seriously damaging the economies of people voted for him.

[rurallib]

45. Unfortunately, the damage will hit everyone

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]

46. I know, but in the long run it might set conservative businessmen and farmers straight.

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]

47. I so remember the farm problems of the mid-80s

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]

48. I hope so, too.

For the sake of our country.

[AwakeAtLast]

49. This is all to make corporate farmers richer

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]

51. Tired of winning yet?

[Gothmog]

52. This is designed to screw the base of voters who voted for trump

[Bernardo de La Paz]

53. Trump Slump. Over $5,000,000,000 from Iowa alone. . . . nt

[mercuryblues]

54. That's ok

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]

57. except corn and soybean farming is almost totally mechanized

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]

58. Tired of all the "winning" yet...?

[pansypoo53219]

59. the moron is player checkers vs china- chinese checkers.

[rurallib]

60. he's a bully who just met someone who will kick his ass sound the globe

[slumcamper]

62. There's a whole lot of pissing and moaning on this thread.

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. When I posted this it was only a few hours since it happened

they need a little time.