Argentina to broker US soybeans into China

[ajl]

As rumored earlier, China has long been out of bullets in the trade was as they need both US soybeans and access to US markets. So the ever so helpful Argentinians will buy the beans and then resell them as Argentina product into the Chinese market. US has already won the trade war. Told you so.

[Klause]

As rumored earlier, China has long been out of bullets in the trade was as they need both US soybeans and access to US markets. So the ever so helpful Argentinians will buy the beans and then resell them as Argentina product into the Chinese market. US has already won the trade war. Told you so.

Argentina is buying us soy turning it into oil and meal and shipping that to China.


Ukraine is buying canola and sunflower seeds and crushing them exporting oil to Europe and Asia.


These countries have figured out how to add value and put their people to work... True capitalists. CAPITALIZINF on a situation

[Oliver88]

Brazil is also importing US soybeans now.

[agstar77]

Yeah , the U.S. has really won the trade war. Cheap beans , payout to subsidize exports. What a joke. Screw the farmers.

[ajl]

The major reason why prices have slipped over the past two months is due to the fact that the US is currently harvesting the largest US soy crop ever. Tariffs are just a side show. China will buy as many US beans as they can afford tariff or not as this shows. Trouble is as China weakens economically, they can afford to buy less. This is why Canadian soy prices have also languished over the past couple of months. One would have thought that bean prices here would have soared as a result but did not.

[farming101]

Brazil is also importing US soybeans now.

Amazing, nothing showing up in weekly export sales...

[farming101]

The major reason why prices have slipped over the past two months is due to the fact that the US is currently harvesting the largest US soy crop ever. Tariffs are just a side show. China will buy as many US beans as they can afford tariff or not as this shows. Trouble is as China weakens economically, they can afford to buy less. This is why Canadian soy prices have also languished over the past couple of months. One would have thought that bean prices here would have soared as a result but did not.

Manitoba bids $10.72 CAD
SK bids $10.88 CAD
ND bids $8.74 CAD

https://www.cargillag.ca/sell-grain/local-bids?locationId=4015 https://www.cargillag.ca/sell-grain/local-bids?locationId=4015
https://www.cargillag.ca/sell-grain/local-bids?locationId=4005 https://www.cargillag.ca/sell-grain/local-bids?locationId=4005
https://borderag.coop/cash-bids https://borderag.coop/cash-bids

[Rareearth]

The new Silk Road.

So China wins the soy war, many more battles to be fought.

[agstar77]

In a demand war there are always casualties. Farmers are cannon fodder in winning bigly. The greatest fear is demand destruction. Even if it is temporary, some producers will never recover.

[beaverdam]

Last week on the noon Ag radio show out of Bismarck, the ag commentators said it wasn't just Argentina that was shipping U.S. beans to China, they were also selling beans through and out of Canada!

So now we have to make room on our rail lines here in Canada, for U.S. soybeans headed to Vancouver.

I don't think China really cares, as long as they're getting the beans. Plus, they're getting them cheaper than if they were to totally stop all beans imports originating from the U.S. (would there be enough exportable beans to satisfy China?)

This is much the same method that China uses to export Chinese steel (under NAFTA rules) through Canada into the U.S.A. Sometimes Canada changes the Chinese steel into something else then exports it to the U.S., sometimes it doesn't even do that.

[Rareearth]

Ah,
- that’s like a boat load of conventional grain getting shipped to California and when it arrives it’s organic.