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blue-wave

(5,601 posts) Wed Jul 11, 2018, 12:36 PM Jul 2018

Trade war fallout: Soybean prices plunge to a 10-year low [View all]

Source: money.cnn.com

The price of a bushel slid to $8.55 on Wednesday, a 13% decline since the beginning of the year. Prices are falling as a result of the escalating trade war between the United States and China.

The United States imposed a 25% tariff last week on $34 billion worth of Chinese goods. China responded with a tariff on American goods worth an equal amount, including soybeans.

China is the world's largest buyer of American soybeans. Farmers in the United States sell about a third of their harvest there. Soybeans are used both for cooking and for feeding livestock.

Read more: https://money.cnn.com/2018/07/11/news/economy/soybean-prices/index.html

Hey Pence, why don't you let 'em know in Iowa today how "great" all this is!!

35 replies

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Trade war fallout: Soybean prices plunge to a 10-year low [View all] blue-wave Jul 2018 OP

Hey Trump, Another New Record!!!! (NT) louis c Jul 2018 #1

Soy is big in my state n/t hibbing Jul 2018 #2

"I am fighting for a level playing field for our farmers, and will win!"* D Trump Botany Jul 2018 #3

Wow! That's devastating!!! blue-wave Jul 2018 #5

The leveling playing field now seems to be the competition with Russia... Hav Jul 2018 #20

Looking like we are seeing Wellstone ruled Jul 2018 #4

Thanks for the insight blue-wave Jul 2018 #8

There will be a bailout for them. dalton99a Jul 2018 #9

Yep. And all those republican farmers who bitch about govt hand-outs to everyone else will progressoid Jul 2018 #11

Could be to the tune of 35 Billion. Wellstone ruled Jul 2018 #12

Yep, anything and everything to salvage the midterms dalton99a Jul 2018 #13

Have a aquaintance who Wellstone ruled Jul 2018 #17

Your acquaintance lamsmy Jul 2018 #30

Oh yes this has been a Wellstone ruled Jul 2018 #31

Well gee blue-wave Jul 2018 #18

This is the last gasp of the Wellstone ruled Jul 2018 #22

We need to remove all agricultural subsidies. roamer65 Jul 2018 #33

This past week I read soybeans down to $7.70 bushel... IthinkThereforeIAM Jul 2018 #15

And most of Rural America gets their info from Sinclair Radio and TV. Wellstone ruled Jul 2018 #27

sounds just like 1931 or 32. nt Javaman Jul 2018 #25

They voted for Trump and his trade war. dalton99a Jul 2018 #6

And in Arkansas.................they have this idiot.............and he is idiot................ turbinetree Jul 2018 #7

Under Obama (whom soy farmers hated), soy exports boomed from 34 m tons to 58 m tons. sandensea Jul 2018 #10

Winnnnnnnning..... onecaliberal Jul 2018 #14

W-I-N-N-I-N-G.....But I agree with the posts above. there will be massive bailouts to salvage Guy Whitey Corngood Jul 2018 #16

I disagree! atreides1 Jul 2018 #19

I think the bailout idea will come from him (not him per se but the last ghoul left in the room Guy Whitey Corngood Jul 2018 #21

+1 nt Canoe52 Jul 2018 #23

If so, I will rub it in my family's faces until the day I die NickB79 Jul 2018 #34

Trump's trade war is hitting his base Gothmog Jul 2018 #24

I imagine in Indiania, Pence's old state, that things aren't doing too well either? nt SWBTATTReg Jul 2018 #26

Womp womp GOP farmers workinclasszero Jul 2018 #28

USA, USA, USA! Meadowoak Jul 2018 #29

Good. I hope they hit $5/bushel. roamer65 Jul 2018 #32

Couldn't happen paleotn Jul 2018 #35