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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsU.S. Soybean Prices Crumble
Soybean prices in the U.S. and Brazil, the nations that account for roughly 80 percent of global exports, have taken drastically different paths thanks to Donald Trumps trade war, Bloomberg reports.
In the U.S., average cash prices fell to about $7.79 a bushel this week, the lowest in almost a decade
Meanwhile in Brazil, exporters have been handed high times. Soybeans to be loaded in August at the nations Paranagua port fetched $2.21 a bushel more than Chicago futures as of Friday, the widest gap since data starts in 2014.
https://politicalwire.com/2018/07/06/u-s-soybean-prices-crumble/
roamer65
(36,739 posts)No taxpayer bailout for Dump lovers!
DURHAM D
(32,595 posts)and I have never once in my life (since 1966) voted for a Republican.
roamer65
(36,739 posts)But unfortunately there isnt.
RainCaster
(10,679 posts)So much winning
gratuitous
(82,849 posts)Sure some of you are going to go broke or out of business or sustain a financial loss that you may never make up, but that's a price Trump is willing to pay for an easy trade war win.
Shades of Jerry Ford:
We're gonna whip inflation now
We'll all eat crow instead of cow
We'll even starve to death and how
So we can whip inflation now!
Wellstone ruled
(34,661 posts)bailout of 30 billion. Just another gop vote buying campaign. Oh btw,the market daily down limit is 25 cents if memory is working.
TheRealNorth
(9,435 posts)So are they saying Brazil's soybeans are going for $10.00 A bushel?
Fred Sanders
(23,946 posts)paying 2 bucks a bushel more for American soybeans. Any other country can just raise their prices, or just let the free market do it, by the same 2 bucks.
The American farmer gets screwed. Everyone else exporting soybeans is on the 🌙!
Brazil 🇧🇷. Probably need the 💵 more anyway, so a silver lining.
Iliyah
(25,111 posts)and will study them, and re-sale at a higher price to other countries.
So much winning.
yonder
(9,631 posts)DBoon
(22,286 posts)nt
I paid $1.99 for a 12oz block of extra firm tofu last week, it'll be interesting to see if price/ availability changes.
Achilleaze
(15,543 posts)And chase it with a gallon of your gawd-forsaken glyphosate