'Soybeans. I knew it, I knew it.'
Posted on 09/25/2015 9:04:43 PM PDT by TigerLikesRooster
Chinese buy $5.3 billion in Iowa soybeans
• By Rod Boshart
DES MOINES | Representatives of the soybean industry and Chinese trading partners signed contracts Thursday valued at $5.3 billion.
Leaders of a large commercial delegation from China and officials from the Iowa Soybean Association and the U.S. Soybean Export Council were on hand for an official signing ceremony involving more than a dozen contracts to purchase soy products equaling 13.8 million metric tons in the 12-month marketing year running through Aug. 31, according to information provided by Gov. Terry Branstad office.
According to the Iowa Soybean Association, Iowa farmers produce 13 million to 15 million metric tons of soybeans a year.
Branstad, speaking to a symposium that included the 49-member Chinese delegation, said trade between Iowa and China has dramatically increased over the past decade with 30 percent of the soybeans produced in Iowa now going to China.
(Excerpt) Read more at wcfcourier.com ...
P!
Okay, they better buy while the buying is good, cuz when Mr. Trump is President, they will pay for raping our country.
That’s a lot of soy sauce.
'Soybeans. I knew it, I knew it.'
Just wait until Mexico tries to sell $40,000 Ford trucks for $50,000 just to get them back across the border. I bet Ford fans will love that. You havevto pay 35% more, plys you havevto dupport the anchor babies, your family is at tisk of being shot, raped or addicted to Mexican drugs.
Build the wall!
We sell them soy beans and they sell us manufactured goods. We have a $400 billion annual trade deficit with China and owe them $1,4 trillion. What’s wrong with this picture?
“We sell them soy beans and they sell us manufactured *goods*.”
Somehow that just doesn’t sound right “goods”. More like “bads”, or better still, “crap”.
Soybeans are our largest export and China normally buys a lot. They need to be buying more than soybeans. They need to be buying products until the trade deficit disappears.
This hoarding cash from selling us products and then using it to buy our debt and our equities isn’t going to fly much longer. Trump is going to put a stop to it or he is going to tariff the heck out of Chinese products.
That’s enough soy estrogen to turn a million Chinese into Caitlyns.
In the days of colonialism the colonies would provide raw materials to their colonial masters who would then manufacture goods to sell back to them. We are now providing the raw materials and investments to enable China to become the economic engine of the world.
I have visited China and seen some of their factories, many of them funded by the West. They have the latest technology and trained workers who work for far less than Americans. It is hard to compete.
A Taiwanese mission has agreed to buy Illinois soybeans and corn. Futures today for corn up 7; beans up 20/21.
Years ago I worked for a large grain company that ended up selling to another company. We had contracts with the Chinese for a LOT of soybeans and loaded them out of Beaumont, Texas, and Lake Charles, Louisiana. The paperwork even back then was an absolute nightmare and we worked 24/7 for almost two weeks. But the feds did let us go right from rail cars to the ships. Had cots in our grading room so we could sleep half an hour or so every four-six hours. Company made a whole lot of money that year as did the farmers. Contracts were negotiated between the company and the Chinese. Bet the government got involved this time. Would be interesting to see the terms of the deal.
1) U.S. to get out of Pacific.
2) Destroy Trump (incite Iowa farmers to vote against him, with the massive help from the local chamber of commerce.)
No, I don’t mean like Apple phones, which are excellent, but more the exception than the rule. I mean things like tools or machinery or machinery parts. Absolute crap. Then there’s every conceivable little plastic widget a person can imagine: all future trash. But I certainly agree that it’s hard to compete. We used to compete in quality.
I agree we need to get rid of that horrid deficit but this is good news for the farmers.
That’s a lot of tofu.
11:20 UK, 10th Aug 2015, by Agrimoney.com
China hog market revival spurs upbeat soy import forecast
China's official crop think tank pegged the country's soybean imports this season at a record 76m tonnes as data showed the best-ever month for buy-ins, amid ideas of hog industry expansion.
When the history of 2014 is written, it will take note of a large fact that has received little attention: 2014 was the last year in which the United States could claim to be the world’s largest economic power. China enters 2015 in the top position, where it will likely remain for a very long time, if not forever. In doing so, it returns to the position it held through most of human history.
Wow! Trump’s campaign speeches are bearing fruit already.
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