[BrianTee]

China has halted all purchases of US Soybeans


https://www.cnbc.com/2019/05/30/china-makes-next-move-in-trade-war-reportedly-halting-us-soy-purchases.html

 

[joesixpack]

Boom

 

[jazz]

So its on then. Lets do this and hammer those Chinese once and for all. They wont be able to hold long. There is a ag disaster in the US, Australia and probably Canada and stocks to use are down. See if they can win a trade war with hungry people.

 

[SouthernSK]

Our Prime minister when he is in the States should be making it know to the US all the pain and suffering we are going through due to the detaining the Chineese lady for them. The Americans I talk to have never heard about this. Instead the media is saying he is going to voice his concern about abortion etc. etc. with the vice President which will likely infuriate the President and Vice President more. We can not get him out of office fast enough.

 

[cptusa]

They aren't buying beans because half their pigs died and they just don't need to buy from us now. They can cite the trade war all they want but that's a small piece of the puzzle.

It's getting to the point China can **** off. Almost had a trade agreement but China refused to cease stealing intellectual property.

Bottom line is there are x number of bushel of beans in the world, and the world is going to consume y number of bushels annually. Someone will buy our beans even if China does not, last year Argentina imported a extremely large amount of USA beans for the first time ever, think any of those floated to China?

Currently beans are +13 today, over a dollar rally.

 

[whtbaron]

Not hard to put an embargo on something you don't need... disease pressures on the Chinese hog herd have numbers a way down, and that isn't going away any time soon regardless of politics. All this talk about getting tough with the Chinese... you need to take a hard look at who is holding the lion's share of the western world's debt, and who has really been making the profit off our stupid wars. My experience is that it's seldom a good plan to pick a fight with your banker.

 

[dumbfarmer]

So its on then. Lets do this and hammer those Chinese once and for all. They wont be able to hold long. There is a ag disaster in the US, Australia and probably Canada and stocks to use are down. See if they can win a trade war with hungry people.

You really don’t understand world trade. In 10yrs China will get everything they need from Russia. North America is a island of high priced grain with the most expensive freight costs. There’s enough carry out in NA to cushion one **** of a crop wreck.

 

[morb1lee]

US (or anyone) is not in a good position as it relates to making a deal with china. China doesn't care if their people starve/die, restrict/misinform with media coverage, next to no one (that lives in china) relies on the Chinese stock market.


Workers threaten (and litteraly do) to jump off of the top of buildings if they do not get fair wages. Too many replacements that will work for nothing. Companies will find their way around items being sourced there. Either move vendors or purchase it through another country (exactly what china did last year with us soys).

 

[Grumpie]

Trade war is like any war , it’s a loose game all together.

But hey they will tell any who will listen , we WON ............

 

[jazz]

You really don’t understand world trade. In 10yrs China will get everything they need from Russia. North America is a island of high priced grain with the most expensive freight costs. There’s enough carry out in NA to cushion one **** of a crop wreck.

I don't think Russia has the climate for corn and soy and I doubt they could match US yeilds. Low quality HRS is their specialty.

 

[dumbfarmer]

I don't think Russia has the climate for corn and soy and I doubt they could match US yeilds. Low quality HRS is their specialty.

Russia does grow corn and beans. Russia is a very big country.

 

[kenmb]

Trading between countries is no different then a farmer trading with his neighbour. If your neighbour is helpful, down the road you can benefit from helping him, he treats you well, the trade you do helps him be a good neighbour, etc, etc you are likely to keep a good trade alley open. If your neighbor comes over and steals your stuff at night, sabotage your equipment, doesn't pay his bill, talks badly of you etc, etc then you probably won't have a good trade relationship. Now put this into perspective with China, if the only good thing you can say is they buy our crap and we buy even more of their crap and then turn a blind eye to everything else - do you think you should have a wide open trade alley.

I think the answer is obvious. The tough part to the scenario is what the idiots in power do when the facts are evident. In the case of Trudeau, well you can remember when he said he admires China and wishes more countries could be that way. We are told we should ignore all the things China is (remember the entire "destroy communism" phase of the world) and sign trade deals so we can ship crap back and forth. Now think back to trading on your farm.
If, at some point you think China is not being a good neighbour, what events should take place.

 

[kenmb]

This situation is centered on the same idea, how do you deal with a bad neighbour?

https://www.zerohedge.com/news/2019-05-30/peso-futures-tumble-trump-unleashes-tariffs-mexico-until-illegal-immigration-stops


Tariffs on Mexico products is obviously bad, but so is a country actively compromising your shared border. What events should take place if your bad neighbour keeps being a bad neighbour.

 

[Windmillfarms]

Funny nobody here talks about the corrupt banking system in china.
On a side note russia wont replace us corn, never will never can. Doesnt have the climate for it.

 

[SWMan]

Trade war is like any war , it’s a loose game all together.

My concern in all of this is the people that will loose the most are those with the least. :frown:

 

[Grumpie]

If you think you have a bad neighbour to deal , easy stop dealing just stop dealing just stop all together and get on with life.
But putting tariffs on or sanctions is like saying your a bad neighbour but I like ur money or I like you to pick my oranges for nothing please,
**** that’s just wrong that’s weak
You can’t be proud off that kind off dealing , it stinks .
This world is just a gong show , we know all gov. Are corrupt there lying sob all off them .
Glad to b a simple Dumass farmer

 

[kenmb]

That's how governments manage the economy and trade. The more control you assert, the more authoritarian you are. That is why Trudeau likes China. China is supposedly full state control except for that confusing part of how the biggest capitalistic corporations operate in China. China can indeed decide to stop trading with another country and assert it authority over all entities within its border to stop all trade. That is the opposite of weak and why it is called authoritarian. The US is considered more free enterprise and therefore much less authoritarian and thus very much so more weak.

So you have to figure out where your personal beliefs stand. Rule with an iron fist or allow free enterprise. And if you allow free enterprise you have to determine how far you go to allow another country to rape you over a barrel. While you have social welfare, environmentalism, labor standards, tax payer funded everything, free markets and the other country has none and even uses it banking system to crush your own industry.

 

[kenmb]

I will make it simple. The narrative is that we are a global community and we should all trade freely and hold hands, sing songs. Because we all follow the same rules and play fair. You need to decide if that is in fact true. If it is not true, and China is not playing fair. What do you do. Do you just ignore it because it's uncomfortable to do anything. Just keep holding hands and singing songs while the one cheating is destroying you.

 

[kenmb]

This article just posted - critical thinking required:

https://www.zerohedge.com/news/2019-05-31/tesla-will-sell-its-chinese-made-model-3-13-less-its-imported-version


In the factory picture these are the questions:
HV power lines and tank farm upper right. State owned energy? Whats the cost per unit vs in US? Did Tesla pay extra to have this infrastructure brought to the facility or did the state provide it.

Building materials. Imported or domestic (ie made in China). By who, a capitalistic group or state owned enterprises. If state owned then any subsidy from the state? Funding via the Bank of China?

Extensive environmental audits to build factory? Is there a drip tray under each piece of mobile equipment to prevent ground contamination when parked.

Cost of labor including overtime, vacation days, health care, retirement plans
It's a "gigafactory", does that mean production may exceed domestic demands therefore will export cars? To where. What if the Chinese state is offering really, really sweet deals and therefore the cost is not 13%cheaper but substantially more.

Does Tesla pay income tax to China. Property tax. Are there environmental audits. Carbon tax. OHSA/OHS audits and compliance.

Actually we don't need to ask any of these things. The cars are 13% cheaper and take that as fact because everyone plays fair.

And if some Chinese Teslas show up in Canada, well that is just free market and putting tariffs on would be the stupidest thing for a country like Canada that manufacturers its own.

 

[361turbo]

They aren't buying beans because half their pigs died and they just don't need to buy from us now. They can cite the trade war all they want but that's a small piece of the puzzle.

It's getting to the point China can **** off. Almost had a trade agreement but China refused to cease stealing intellectual property.

Bottom line is there are x number of bushel of beans in the world, and the world is going to consume y number of bushels annually. Someone will buy our beans even if China does not, last year Argentina imported a extremely large amount of USA beans for the first time ever, think any of those floated to China?

Currently beans are +13 today, over a dollar rally.

What he said?