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US Soybean Price
ycharts ^
| May 2018
| ycharts
Posted on 07/27/2018 10:12:16 AM PDT by central_va
US Soybean Price (per mt) is at a current level of 431.00, down from 442.00 last month and up from 388.00 one year ago. This is a change of -2.49% from last month and 11.08% from one year ago.
TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: economy; soybeans
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Ok, the USA produces around 100 million MT of soybeans per year. That is the total amount which includes both exported bean and bean for for domestic use.
So let's do the math: 100 million x 431 = $43B/yr.
GDP is quarterly so the value is $11B/qtr.
So as percent of GDP, soubeans are $11B/(1/4 of GDP)
GDP in 2017 was ~ $20T or $5T/qtr.
So what was the percent of GDP came from soybeans last qtr?
Answer: 11B/5T = .0022% ( Infinitesimal ).
Now this is not a perfect analysis and is very crude but when you are told GDP growth was due to soybeans sales laugh in that person face. They are FOS.
To: central_va
2
posted on
07/27/2018 10:14:28 AM PDT
by
caver
To: central_va
All men should avoid soybeans like the plague.
3
posted on
07/27/2018 10:15:11 AM PDT
by
montag813
To: montag813
All men should avoid soybeans like the plague.Why?
4
posted on
07/27/2018 10:16:07 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn)
To: central_va
5
posted on
07/27/2018 10:22:06 AM PDT
by
DoughtyOne
(01/26/18 DJIA 30 stocks $26,616.71 48.794% > open 11/07/16 215.71 from 50% increase 1.2183 yrs)
To: central_va
Because soy kills testosterone.
6
posted on
07/27/2018 10:22:26 AM PDT
by
usconservative
(When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
To: central_va
Where did the 431 number come from?
7
posted on
07/27/2018 10:22:54 AM PDT
by
usconservative
(When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
To: usconservative
8
posted on
07/27/2018 10:23:45 AM PDT
by
usconservative
(When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
To: central_va
9
posted on
07/27/2018 10:33:25 AM PDT
by
rb22982
To: central_va
to be fair, that’s .0022 or 0.22%, so even if that doubled at most it helped 0.2%.
10
posted on
07/27/2018 10:34:31 AM PDT
by
rb22982
To: central_va
There’s a few dozen acres of soybeans next to my driveway. I get all the soybeans I want if my wife’s not looking. But they have too much estrogen so I stay away...
11
posted on
07/27/2018 10:36:08 AM PDT
by
cuban leaf
(The US will not survive the obama presidency. The world may not either.)
To: central_va
Soy contains chemical compounds called isoflavones that resemble estrogen but don’t necessarily act in the same way in the body. This has lead to an idea that circulates that men should avoid soy. It’s complicated and like anything it’s best to do your own research and weigh the pros/cons.
The same people who might tell you to avoid soy might wave off the negative health effects of red meat and processed meats with sodium nitrates/nitrites etc. or other more well known carcinogens. I’m not vegan by any means but everything has pros/cons and you kind of just have to pick your battles and have a balance.
Some people also avoid corn and soy because they are often GMO and it’s hard to know if that matters either.
12
posted on
07/27/2018 10:59:02 AM PDT
by
Nomad577
To: montag813
All men should avoid soybeans like the plague.
Doesn’t Toyota use soybeans to make large percentage of the Prius components
13
posted on
07/27/2018 11:05:19 AM PDT
by
john316
(JOSHUA 24:15 ...choose you this day whom ye will serve...)
To: central_va
But, but we were told for years by the Leftists that other nations we sell to cannot compete with our farmers, and their farmers were losing their farms, and starving. And it was all OUR fault!
Now they have placed tariffs on our farm goods and our news media claims OUR farmers will lose their farms and starve, and it is all OUR fault. Damned if you do, damned if you don’t.
To: central_va
15
posted on
07/27/2018 11:39:27 AM PDT
by
Springman
(Rest In Peace YaYa123, Bahbah, and Just Lori.)
To: central_va
Soy contains pseudo estrogens. Makes your PP shrink and gives you man boobs and makes you cry like a little girl.
I love edemame, but limit myself to one serving a month. Other than that no soy. I have to step carefully in the shower and no man boobs. Why do you think they call them soy boys?
Pre soy and post soy. BTW, Pajama boy is drinking a soy latte.
16
posted on
07/27/2018 11:43:35 AM PDT
by
LesbianThespianGymnasticMidget
(TRUMP TRAIN !!! Get the hell out of the way if you are not on yet because we don't stop for idiots)
To: Springman
17
posted on
07/27/2018 11:51:04 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn)
To: Ruy Dias de Bivar
The soy meme is a lie.....
18
posted on
07/27/2018 12:09:53 PM PDT
by
central_va
(I won't be reconstructed and I do not give a damn)
To: john316
“All men should avoid soybeans like the plague.”
All husbands with wives of a certain age should know how to toast soybeans and then soak them in vinegar (salt and a little sugar, maybe, and maybe a small dried chili), if you know what’s good for you.
The hard part is getting her to eat just one tablespoon every morning.
19
posted on
07/27/2018 1:42:05 PM PDT
by
VanShuyten
("...that all the donkeys were dead. I know nothing as to the fate of the less valuable animals.")
To: VanShuyten
All husbands with wives of a certain age should know how to toast soybeans and then soak them in vinegar (salt and a little sugar, maybe, and maybe a small dried chili), if you know whats good for you. that statement raises many questions. What does it mean?
20
posted on
07/27/2018 1:52:03 PM PDT
by
bankwalker
(Immigration without assimilation is an invasion.)
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