Im listening now....my first thought is that Trump made selling soy beans to china near impossible. China's growing beef market requires US soy beans & US soy bean farmers require Chinese markets....they could never sell as much as they grow to US customers. If not for china, theyd be growing something else.
US soy bean farmers dumpt what they could in Brazil, stored what they could and then plowed a lot under since Trump closed their biggest market.
So...now China is buying it up again by a lot...probably pretty pissed they couldnt feed their cattle at a normal price, and so starts buying it all up while they still can....taking what Brazil was getting, anything in storage....all of it....just in case we shut down trade again.
And atlas shrugged
Exactly. But this isnt new. Feds have been paying farmers to leave fields empty or plow something under or to dump milk for a long time now.
Im listening now....my first thought is that Trump made selling soy beans to china near impossible. China's growing beef market requires US soy beans & US soy bean farmers require Chinese markets....they could never sell as much as they grow to US customers. If not for china, theyd be growing something else.
US soy bean farmers dumpt what they could in Brazil, stored what they could and then plowed a lot under since Trump closed their biggest market.
So...now China is buying it up again by a lot...probably pretty pissed they couldnt feed their cattle at a normal price, and so starts buying it all up while they still can....taking what Brazil was getting, anything in storage....all of it....just in case we shut down trade again.