Moneymoney

Wed Jan 9, 2019, 10:56 AM

China resumed soybean purchases from the US this week.

While China's return to the US agriculture market was positive news for farmers, it may not mean much for trade negotiations.

The US Department of Agriculture announced Thursday that China bought 1.13 million metric tons of soybeans this week. The move was seen as a major concession from Beijing, with officials in Washington hailing it as a "great step." But some experts say that was bound to happen anyway.

Using them for cooking oil and animal feed, China is the world's largest consumer of soybeans and bought more than half of American exports last year. Farmers tried to make do after the start of the trade war by reducing soybean meal in animal diets, according to Tyner. But with less of the protein-rich ingredient, they saw efficiency levels fall.

"No doubt they will turn to South American soybean supplies when they become available in the spring," he said. "But will there be any residual impact from this recent time of trade conflict between the U.S. and China going forward?"

https://markets.businessinsider.com/commodities/news/china-return-to-us-soybeans-not-major-concession-heres-why-2018-12-1027811893

Good news for farmers.

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Reply China resumed soybean purchases from the US this week. (Original post)
uncledad Jan 9 OP
Solesurvivor Jan 9 #1

Response to uncledad (Original post)

Wed Jan 9, 2019, 02:45 PM

1. Lol I love shit like this

Trump does what he does China throws a fit but eventually comes around which is good news but the media always spins said good news as not being good

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