Bloomberg Asia: China has shutoff American soybean imports.

[roamer65]

1/3 of the American soybean market is gone.

[lapfog_1]

1. socks the midwest farmers where it hurts...

but those buttdingles will still vote for trump.

[tonyt53]

2. Roh Roh. Deere stocks will tumble overnight. Too late for farmers to plant corn now also.

[dalton99a]

3. But but "I understand where President Trump's coming from"

http://whotv.com/2018/06/18/iowa-soybean-farmer-understands-where-trump-is-coming-from-on-trade-war-with-china/
Iowa Soybean Farmer Understands Where Trump is Coming From on Trade War With China
Posted 5:40 pm, June 18, 2018, by Michael DaSilva

Yet, while Bardole believes the ever-escalating trade war between America and China is bad for everyone involved--including the U.S. soybean industry and him personally--he gives the president slack on this issue.

"I understand where President Trump's coming from," he said. "Because the United States does a very good job, I believe, in following the WTO regulations, the World Trade Organization. There's a lot of countries that don't."

Bardole voted for Trump, and he says while the trade agreements the president rails against have actually been good for the U.S. ag industry, he also says they've been bad for other industries. However, Bardole believes in putting the country ahead of himself.

"I have to support my family," he said, "but I also care about somebody working in a factory in Pennsylvania. They have to provide for their family, too."

[Wellstone ruled]

6. So maybe Vald will step in and pick up the slack.

Not going to happen,Russian Diet is void of Soy.

[DinahMoeHum]

4. China is now buying mostly from Canada and Brazil.

https://www.bloomberg.com/news/articles/2018-06-18/pompeo-calls-china-s-appeals-for-more-trade-openness-a-joke

The world’s biggest oilseed processor just confirmed one of the soybean market’s biggest fears: China has essentially stopped buying U.S. supplies amid the brewing trade war.

“Whatever they’re buying is non-U.S.,” Bunge Ltd. Chief Executive Officer Soren Schroder said in a telephone interview Wednesday. “They’re buying beans in Canada, in Brazil, mostly Brazil, but very deliberately not buying anything from the U.S.”

[Thrill]

5. Congratulations Farmers. You played yourselves

[nature-lover]

7. Anybody see this coming? Only every real economist and intelligent human.