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Chinese buy $5.3 billion in Iowa soybeans
WCF Courier ^ | 2015/09/25 | Rod Boshart

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 ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; US: Iowa
KEYWORDS: china; iowa; soybean
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To: Carthego delenda est

Yup, they sell us toys and crap with hazardous materials in it.


41 posted on 09/26/2015 6:33:57 AM PDT by Lopeover (2016 Election is about allegiance to the United States)
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To: C. Edmund Wright

42 posted on 09/26/2015 6:39:33 AM PDT by kabar
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To: kabar

which is why you should celebrate this deal.....


43 posted on 09/26/2015 7:45:29 AM PDT by C. Edmund Wright (WTF? How Karl Rove and the Establishment Lost...Again)
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To: C. Edmund Wright
Since 2000 we have run a $3.3 trillion trade deficit with China. $5.3 billion in soybeans is not even a rounding error.

We are selling the Chinese raw materials and food stuffs and they are selling us manufactured goods. It is the same relationship the colonialists had with their colonies.

We are destroying the middle class as the good paying jobs are exported and we are relegated to a service economy. For example, it is cheaper to build TV sets abroad and send them back to the US than it is to build them here. Shouldn't we be trying to create a business environment where that is not the case?

44 posted on 09/26/2015 7:52:55 AM PDT by kabar
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To: kabar; Servant of the Cross; CatherineofAragon

I didn’t say it was statistically significant, but it’s pretty self defeating of your own logic to demean ANY exports to China.

If you are so concerned about this deficit - and I’m not because I run a deficit with everybody I buy anything from - and run a surplus from my business dealings and writing and so on - then you should welcome any and every deal of any size that is an export to China. This includes the 300 jet liner deal.

But see, I don’t think you want this solved. I think you just have a visceral irrational hatred of China and naively think we can exist in the world economy without doing business with them.

Servant and Catherine: THEY DESTROY THEIR OWN LOGIC WITH THEIR EMOTION PING.


45 posted on 09/26/2015 7:59:23 AM PDT by C. Edmund Wright (WTF? How Karl Rove and the Establishment Lost...Again)
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To: Daniel Ramsey

What about the good freer trade has brought?


46 posted on 09/26/2015 9:06:05 AM PDT by 1010RD (First, Do No Harm)
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To: kabar
What’s wrong with this picture?

The concept that there ever can be a "trade deficit" in a non-coercive trade.

47 posted on 09/26/2015 9:07:16 AM PDT by 1010RD (First, Do No Harm)
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To: Carthego delenda est

If they were “bads”, then people wouldn’t buy them, but even in a free market inferior goods can be sold if the consumer wants them.


48 posted on 09/26/2015 9:08:54 AM PDT by 1010RD (First, Do No Harm)
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To: Lopeover
Okay, they better buy while the buying is good, cuz when Mr. Trump is President, they will pay for raping our country.

What will farmers do with the 14 million tons of soy beans they will no longer be allowed to sell to China?

49 posted on 09/26/2015 9:10:02 AM PDT by DoodleDawg
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To: DannyTN

So DannyTN buys a condo from Trump. Does DannyTN now have a “trade deficit” with the Donald?


50 posted on 09/26/2015 9:10:05 AM PDT by 1010RD (First, Do No Harm)
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To: kabar; Carthego delenda est

It is hard to compete. That’s true, so less competition is the solution?


51 posted on 09/26/2015 9:11:38 AM PDT by 1010RD (First, Do No Harm)
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To: C. Edmund Wright
I didn’t say it was statistically significant, but it’s pretty self defeating of your own logic to demean ANY exports to China.

Phony strawman. I am just putting it in context.

If you are so concerned about this deficit - and I’m not because I run a deficit with everybody I buy anything from - and run a surplus from my business dealings and writing and so on - then you should welcome any and every deal of any size that is an export to China. This includes the 300 jet liner deal.

Individual businesses may benefit, but running huge deficits with China and having good paying jobs migrate overseas is not in our national interests.

52 posted on 09/26/2015 10:26:34 AM PDT by kabar
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To: C. Edmund Wright
I didn’t say it was statistically significant, but it’s pretty self defeating of your own logic to demean ANY exports to China.

Phony strawman. I am just putting it in context.

If you are so concerned about this deficit - and I’m not because I run a deficit with everybody I buy anything from - and run a surplus from my business dealings and writing and so on - then you should welcome any and every deal of any size that is an export to China. This includes the 300 jet liner deal.

Individual businesses may benefit, but running huge deficits with China and having good paying jobs migrate overseas are not in our national interests. American wages have stagnated for decades and we have our lowest labor participation rates in 38 years. We have a huge surplus of labor.

But see, I don’t think you want this solved. I think you just have a visceral irrational hatred of China and naively think we can exist in the world economy without doing business with them.

Another phony strawman. I want an even playing field. I don't want currency manipulation and the theft of intellectual property to give China and other countries an unfair advantage over us.

53 posted on 09/26/2015 10:31:35 AM PDT by kabar
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To: 1010RD

We are not competing on a level-playing field.


54 posted on 09/26/2015 10:38:23 AM PDT by kabar
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To: kabar

No one ever is. Imagine you open a restaurant, Kabar’s Place, and I open one right next door, RD’s. We both compete, but, unbeknownst to you, my rich uncle is subsidizing me and so I can sell below you.

Who loses? Who wins?


55 posted on 09/26/2015 11:54:55 AM PDT by 1010RD (First, Do No Harm)
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To: 1010RD
Nonsense. I am talking about trade agreements and the violations of them. China and the US are members of the WTO and signatories to GATT along with almost all of the major trading nations. We know the Chinese are manipulating their currency to give them a trade advantage. They are not abiding by the rules. We know China is stealing our intellectual property.

Your silly analogy shows the level of your understanding of what is happening.

56 posted on 09/26/2015 12:06:28 PM PDT by kabar
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To: Diana in Wisconsin

no one is getting rich off this but there will be food on the table for some farmers without subsidies.


57 posted on 09/26/2015 2:26:17 PM PDT by RiseUpPatriots (Time for real change then we can have some hope! Trump!)
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To: DoodleDawg

They will just pay more.


58 posted on 09/26/2015 3:12:17 PM PDT by Lopeover (2016 Election is about allegiance to the United States)
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To: Lopeover
They will just pay more.

They'll pay the market price.

59 posted on 09/26/2015 5:04:06 PM PDT by DoodleDawg
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To: Red Steel

Kikkoman is my favorite.


60 posted on 09/26/2015 5:09:21 PM PDT by Extremely Extreme Extremist (Bush [the 90s rock band] for POTUS 2016!!!)
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