“Theres only so many soybeans and you cant 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?
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Nobody really needs soybeans; they are unhealthy to consume unless their protein is fermented, as in soy sauce.
Their oil is somewhat carcinogenic due to the phyto-estrogen it contains.