The 12 billion isn't gonna make renegotiating NAFTA any easier either.
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If this trade war is extended, China will eat less pork. Their demand for meal will be cut, if necessary. They will even lower their standard-of-living (IMO). The Chinese leader will make changes slow and gradual and methodical. Remember, this is communism . . . .
Trade patterns are possibly already irreversibly altered. And they will not starve . . . far from it.
As one U.S. Republican senator stated today:
The Trump administration is offering welfare to farmers to solve a problem they themselves created. Trump-Pence tariffs are now hurting the American people.
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macdon, remember that 24cents US, is 32cent Canadian !
Errol, The Chinese of today, aren't the Chinese of the past. They're more sophisticated and knowledgeable, and won't put up with starving. The Chinese risk political revolt if cuts are too drastic, and the Chicoms know it. Typical of the Chicoms to talk about boycotts, drive down the markets, then buy !
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Originally posted by beaverdam View PostPeas should also be screaming higher if they're looking for protein meal !
We all hear this demand for pea protein yet get offered SFA for good quality safe product .
Always lots of talk , but that don’t pay bills and most farms are going to be in 6-8 year rotations if they continue to grow them at all . That takes a huge chunk out of yearly production.. just my take .
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Trump appears in political hot water with his own party over self-imposed soybean price fallout and farm U.S. bailout. The U.S. / EU tariff truce appears short on-detail.
China damage is already done. Beans will trade in a new, lower trading window into the new crop year. Added EU soybean purchases will not undo this damage (in my opinion).
Agree . . . Cdn pea prices appear undervalued given the potential demand heading into the winter market. Trump tariff missteps may be a boon for Cdn growers over the next few months.
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There's a gap in euro futures way up at 125.5 that's bugging me. Been a 3x attempt on DX at 95.20 area. I'm guessing it'll be when things fundamentally look most bullish for US we'll get the turn. It's very close. Here's any opinion on dollars and gold, takes a bit to get going but some very valid points raised.
https://youtu.be/AtlbxAYaOzI
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Amazing '1st guess' of U.S. 2nd quarter growth projected at 4.1%. But unlikely to hold (IMO). Revisions ahead will likely cut this growth. Also, companies also were stocking up on inventory ahead of tariffs.
3rd quarter may be a totally different world as impact of tariffs begins to be felt. China downturn appears inevitable which will have significant contagion risk across the globe, including the U.S. Now the real music begins . . . .
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