Bigdog (09-19-2018)
https://www.nasdaq.com/markets/soybe...x?timeframe=1y
actually, soybeans initially dropped from a high of $10.80 down to $8.40 when China announced its tariff.......they started buying Brazilian soy instead......Brazilian soybeans went through the roof of course.......the rest of the world started buying US beans because they were cheaper........the price of US soy was back up to $9.20 by August.......there have been no new tariffs on soybeans....the current price drop is seasonal, farmers are currently harvesting the 2018 crop......prices always go down during harvest........I grew up on a farm raising soybeans......my family still raises soybeans.........
here's a fun fact......night shade produces a berry that hardens into a poisonous black seed that is exactly the same size as the yellow soybean.......it is impossible to glean it out and you can see the occasional black "bean" in every bushel of soy......it gets processed along with the soybeans........it may account for the reduced mental capacity of soyboys like guano........
Bigdog (09-19-2018)
Rune (09-19-2018)
They'll still support trump. They, like he, believe that China...and the rest of our trading partners...are simply going to cave to trump like all the small businesses he refused to pay for services rendered.
Wait until the full cost of these tariffs hits across various industries early next year.
Once in a while you get shown the light, in the strangest of places if you look at it right.
Guno צְבִי (09-19-2018)
It isn't that simple. A lot of the farms have millions invested in specialized equipment. That was one of the issues with the tobacco allotment buyout programs. A million dollar check looks great to everybody except the tobacco farmers with a million and a half dollars in specialized equipment and barns sitting around.
Anyway, soy is not that great for your health and is one of the drivers of deforestation of the Amazon, so the industry should be checked, particularly considering their public misinformation campaign regarding it being better than saturated fats.
Bigdog (09-19-2018)
"I mean, you got the first mainstream African-American who is articulate and bright and clean and a nice-looking guy. I mean, that's a storybook, man."
— Joe Biden on Obama.
Socialism is just the modern word for monarchy.
D.C. has become a Guild System with an hierarchy and line of accession much like the Royal Court or priestly classes.
Private citizens are perfectly able of doing a better job without "apprenticing".
Althea (09-19-2018), Guno צְבִי (09-19-2018), Rune (09-19-2018)
Just like sanctions, you do not hit the leader of another nation, you hit the unsubstantial people - here, of both nations. But the substantial people don't have to care about any of that. Don's got a dick measuring contest going on and we now know he can't compete with that little mushroom of his.
Guno צְבִי (09-19-2018)
LV426 (09-19-2018)
Rune (09-19-2018)
Its true.. We have known for months that SC soybean farmers were going to take a 137 million dollar hit because of Trump.. His solution is to make it up to them with a government subsidy.
So that's a mere 274 million dollars just for soybeans in South Carolina that will rot in the fields.
Jack (09-19-2018)
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