China-U.S. Trade Tiff “Scary” For Farmers

China and Soybean Demand

There’s been some political back-and-forth between China and the U.S. Traders and farmers alike have been watching to see if China does anything with U.S. soybeans.

U.S. soybean exports have slowed, as demonstrated in the USDA’s latest World Agricultural Supply and Demand Estimates (WASDE) that came out earlier this month.

Andy Shissler of S&W Trading says missing the mark on exports isn’t something farmers are used to.

“We’re kind of used to these huge [export] numbers, and you expect them to grow while demand in China has grown,” he said on AgDay.

Last month, president Trump slapped a 30 percent tariff on imported solar panels and washing machines from China.

Two weeks later, China announced an anti-dumping and anti-subsidy probe into U.S. sorghum. It’s been rumored that soybeans could see a tariff from China. That outcome is unknown at this point, but it could turn “ugly” if it happens.

“For the small group of farmers we have in the United States, it would be terrible for us, and for China, the difference in price wouldn’t be a big deal,” said Shissler.

Hear Shissler’s full thoughts on China on AgDay above.

 

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Submitted by Larry on Fri, 02/16/2018 - 07:15

I always thought there was only one Chicken Little!
We finally have a president who wants to stop the United States citizens from being taken advantage of by parasite foreign nations and all a bunch of flocks of democrats can do is squawk! That's Democrats for you. Won't stand for our national anthem, Don"t care about us so-called deplorables, Won't pass legislation. Care more about immigrants, foreigners, and refugees than Americans!
President Trump is not cutting off trade, he wants better deals for all of us US citizens.
You know, like insisting that we get twelve eggs in a dozen and not eight. The rest of the world does not want to cut off trade with the United States just because they're mad like the democrats insist on being.
GOD BLESS AMERICA!
GOD BLESS PRESIDENT TRUMP!