There’s only so many soybeans and you can’t instantly grow more, so China had to pay Brazil a premium to replace those they were getting from us. China loves soybeans and can only grow 10% of its needs, so they will cave, just a question of when.
“There’s only so many soybeans and you can’t instantly grow more, so China had to pay Brazil a premium to replace those they were getting from us. China loves soybeans and can only grow 10% of its needs, so they will cave, just a question of when.”
That seems to me to be the operative question. Just what is the world’s supply of soybeans and can it survive without the US production? I guess you have to expect another one of the world’s truly $hit hole countries, Brazil, to try and cash in instead of helping to fix the nonsense in the world trade business.
“There’s only so many soybeans and you can’t instantly grow more, so China had to pay Brazil a premium to replace those they were getting from us. China loves soybeans and can only grow 10% of its needs, so they will cave, just a question of when.”
I just checked Worldwide soybean production:
the US produces 52% of the total .
Here are the players:
Ukraine (3.9 million metric tons) ...
Canada (6.0 million metric tons) ...
Paraguay (10.0 million metric tons) ...
India (10.5 million metric tons) ...
China (12.2 million metric tons) ...
Argentina (53.4 million metric tons) ...
Brazil (86.8 million metric tons) ...
USA (108.0 million metric tons)
So the question is, can the world afford not to buy soybeans from the US?