Quote:
Originally Posted by dyna mo
those nations are now buying low priced soybean from the USA to meet domestic demand.
Brazil and Argentina, another major soybean grower, have snapped up some of the cheap US supplies for their domestic markets, according to Grant Kimberley from the Iowa Soybean Association.
“There have been purchases from Brazil and Argentina to back fill their own domestic industries,” he said.
https://www.scmp.com/news/china/dipl...hina-trade-war |
Aren't they just buying surplus beans at a cheaper price which hurts the farmers?
Send your beans to China for a nice profit and then buy cheap surplus beans from the USA for domestic use. Shit, why not mix them in with some of the beans going to China to fulfill the contracts and then some to show you are a stable trading partner
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