Soybean price helps habitat

[remy3424]

That makes it sound like no price rallies will coming any time soon for beans...corn, with the surplus and big crop coming is in a similar situation, just different reasons. Tough situation for the ag sector.

 

[AtTheMurph]

“A tariff here means nothing.”

This is patently wrong. Unless of course you feel a hit to person’s livelihood means nothing. It is a demonstrable fact that soybeans in North Dakota are worth less at the farm due to China not buying.

Maybe you are not familiar with the concept of “basis” in the grain marketing world.

A very short article :

U.S. Soybean Exports & North Dakota Harvest Basis: Trade War Uncertainty and Market Strategy — CODAK Risk Advisory

With Chinese purchases stalled and trade war tensions rising, North Dakota soybean basis values are dropping fast. Discover how U.S. farmers can navigate uncertain markets as harvest approaches and decisions loom.

www.codakgroup.com

Grampa once told me to stop digging.

A tariff here means nothing. We don't place a tariff on our own beans bound for export. That beans are worth less because of US tariffs is actually not a fact but a supposition.

Our beans will simply go to the normal Brazilian customers as China is buying from them. And I understand basis. I own 500ac of farm ground. I also have a masters degree in Econ. So pretty familiar with economic concepts as well.

 

[McFarmer]

A tariff here means nothing. We don't place a tariff on our own beans bound for export. That beans are worth less because of US tariffs is actually not a fact but a supposition.

Our beans will simply go to the normal Brazilian customers as China is buying from them. And I understand basis. I own 500ac of farm ground. I also have a masters degree in Econ. So pretty familiar with economic concepts as well.

You of course realize that China is placing the tariffs on the soybeans due to our government placing tariffs on their products, right ? I mean I assumed you did, I assumed everyone did. Maybe I assumed too much. Export tariffs are not a thing in this discussion.

You think the Chinese placed these tariffs on for no reason ? They placed them on with the expectation of them not having a negative effect on US producers ? Pray tell why then ? Why is the North Dakota soybean association so upset ?

Those tariffs on the soybeans wouldn’t be at these levels if we didn’t fire the first shot in this war.

I won’t bore anyone with my possible qualifications, real or imagined.

I’m done, you can have the last word, you win the day.