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re: ‘Trump is ruining our markets’: Struggling farmers are losing a huge customer- China
Posted on 8/12/19 at 12:51 pm to narddogg81
Posted on 8/12/19 at 12:51 pm to narddogg81
quote:
Lol, you can't lose markets for commodities. What a bunch of garbage. If china buys their soybeans exclusively from somewhere else, then whoever would normally have bought those beans is going to need to buy their from somewhere. You can't just magically manifest supply
Exactly. Did OP think China just decided to stop eating?
1
Posted on 8/12/19 at 12:56 pm to Vecchio Cane
quote:
Exactly. Did OP think China just decided to stop eating?
Soy complex futures advanced Thursday led by soybean oil as China was poised to increase imports of edible oils. Chinese oilseed crush, hence oil production, has been depressed because of reduced meal demand attributed to toll taken by African swine fever. Corn futures followed soybeans higher. September corn advanced 4½c to close at $4.11 a bu. August soybeans added 16¼c to close at $8.65 a bu. August soybean meal advanced $1.80 to close at $294.80 a ton. August soybean oil advanced 1c to close at 28.96c a lb
LINK
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