Tired of Winning Yet? . . . .

[errolanderson]

Trump announces $12 billion bailout to Midwest growers while stating tariffs are the greatest . . . .

China has obviously hit the U.S. a major economic blow. Fallout with the EU appears next.

Currency war appears heating up . . . .

[the big wheel]

All kinds of estimates but one is that the trade war will net the American government 250 billion in tariffs that the American people will pay for higher priced goods. Question is are they all getting higher prices jobs to pay that extra you could call it a tax? What's going to happen to the lower income people?

So the farmers get paid to store their grain what a fk up that will be next year with all that grain on the market.

Putin is laughing his ass off all the way to the bank the western world is making itself less competitive and the USA is becoming a closed economy how long will that last with the debt they have.
Not to mention Syria and the oil region appears to be handed to the Russians.
All those lives lost and the oil goes to the Russians?

But wait the expert at running things into the ground living high on the hog and then screwing everyone by going bankrupt is that trumps plan for the USA to go bankrupt and wipe out its debt?

[ajl]

Americans I am sure are not tired of winning. US farmers getting a hand out when there has not been much affect on their markets. Most of the recent decline would have happened anyways and the markets are starting to recover. The tariffs benefit the US overall but the they are not good for the rest of the world. The US does not owe the rest of the world anyways. The big question is that if China has to source products elsewhere in the world other than the US, why are markets here not rallying? Bit of rally in barley but the rest is a dud. I think we know the answer: China is buying less overall because it is broke so the whole tariffs thing is just a side show.

[sumdumguy]

Trump announces $12 billion bailout to Midwest growers while stating tariffs are the greatest . . . .

China has obviously hit the U.S. a major economic blow. Fallout with the EU appears next.

Currency war appears heating up . . . .

What currency Errol?

[errolanderson]

What currency Errol?

All major currencies have been in-decline of-late against the USD. Japanese Yen, China Yen, British Pound. USD is now too strong for the American economy for their exports to flourish, now stir-in U.S. tariff fiasco.

China boycott appears now slowing the U.S. economy and business. Real estate fallout next (IMO). Bond market and pension crisis also lining-up in the que.

Trump attempting the force the Fed not to raise rates any further this week . . . This is now threatening the Fed's independence from the White House. Trump may try to force the dollar down as China now clearly has the upper hand allowing the Yuan to devalue offsetting the impact of U.S. tariffs. (IMO).

[bucket]

Yup go ahead and starve what 1.5 billion people in China and see how that works out??????

I don't think china has the upper hand in all this....they are still buying grains from somewhere which means they are still hungry.

Besides half the shit that comes from china ...do we need it anyway?

[the big wheel]

Yup go ahead and starve what 1.5 billion people in China and see how that works out??????

I don't think china has the upper hand in all this....they are still buying grains from somewhere which means they are still hungry.

Besides half the shit that comes from china ...do we need it anyway?

What are the dragons den people going to do if china fails? Hahaha
All the businesses they buy up for peanuts get made in china?

People keep talking how broke china is how broke is the USA? How broke are we? All the pensions, old age security are near failure as it is. Half our businesses would not exist if not
For subsidies. Case in point what did trump just announce? 12 billion aid package that can't go on forever. And that 12 billion won't cover the increase in cost to farmers you just watch. If
Products we use were all made here they would double at minimum.

If you were asked to place money on which country's people could survive on little or no money who would you pick?

[agstar77]

Handout is not going over well in farm country. Trump's policies are a disaster. It is easy to apply tariffs , much harder to negotiate. He is proving he can only deal with Russia, his banker.

[macdon02]

Yup go ahead and starve what 1.5 billion people in China and see how that works out??????

I don't think china has the upper hand in all this....they are still buying grains from somewhere which means they are still hungry.

Besides half the shit that comes from china ...do we need it anyway?

Correct me if I'm wrong Errol, but the bean imports are predominately for the world's largest herd of hogs, not the people. It's all about the meal for the protein. They already buy half of Brazil's production.... China imports 100mmt of beans from the world. They can't make it much longer then October without US imports as Argy and Brazil will be out of season. There's a seasonal shift to US beans coming right up as the US harvest starts. China has "some" reserves but are they as black as their mountains of corn and wheat? And do they really know what they have? If you're familiar with the Russian wheat crisis of the 70's, they believed they had greater stocks of wheat than they actually had due to govt employees not doing their job actually verifying what was actually present. Droughts tend to intensify.... was dry in argy last winter, enough for a meal rally. Shut the opinion articles off and listen to just where the shortages are showing up. The biggest problem these days is the news is jaded to push an agenda. Imo we are setting up to take out the '08 highs in wheat. Look at the chart structures, markets tend to kick when things look darkest as the majority is always wrong. A monthly close over $6 on Chicago will ratchet us into the upper spectrum along with new highs...... +24 right now

[GDR]

So I understand the meal feeds pigs and pork consumption is huge. Soya meal is 49% protein so great supplement for livestock, it is our main protein booster too. The part I don't understand is when it comes to all the Timothy exports that go to all of Asia not just China they don't care at all about protein it's just roughage they want for cattle. The storyline there is that they have surplus protein products over there ie. Fishmeal and others and protein is not required in Asia.

[GDR]

The 12 billion isn't gonna make renegotiating NAFTA any easier either.

[errolanderson]

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.

[bucket]

But who created the pulse tariff????

And who did nothing to ease the pain of a billion dollar hit to the canadian economy at a minimum?


If this was autos, bombardier, steel ....the cheques would have been cashed already ...FFS

[beaverdam]

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 !

[beaverdam]

Peas should also be screaming higher if they're looking for protein meal !