US exporters race to ship soybeans as looming election stokes tariff worries

[Harpy Eagle]

https://www.reuters.com/markets/commodities/us-exporters-race-ship-soybeans-looming-election-stokes-tariff-worries-2024-10-22/

U.S. soybean export premiums are at their highest in 14 months, as grain merchants race to ship out a record-large U.S. harvest ahead of the U.S. presidential election and fears of renewed trade tensions with top importer China, traders and analysts said.
Nearly 2.5 million metric tons of U.S. soybeans were inspected for export last week, including almost 1.7 million tons bound for China, the most in a year, according to U.S. Department of Agriculture data released on Monday.
But while this export flurry is a bright spot for U.S. farmers coping with low prices and hefty supplies, sellers say such heightened export demand could be short lived - leaving the U.S. with a glut of oilseeds at a time when prices are hovering near four-year lows.

Tariff threats from presidential hopeful Donald Trump's campaign speeches are prompting some Chinese importers to shun U.S. shipments from January onward, traders and analysts said.
Instead, these buyers are booking Brazilian soy - and paying up to 40 cents a bushel more than they would in the United States in an earlier-than-normal seasonal shift that's shrinking the U.S. export window.

If the US farmers lose the Chinese market again, I doubt they will ever get it back. Last time this happened the Fed Govt handed our farmers an additional 22 billion dollars on top of the 30 billion they were already getting. That is where the tariff money went last time, there is no reason to believe it will be any different this time.

 

[1srelluc]

U.S. soybean export premiums are at their highest in 14 months.....

OK, so why wouldn't they strike why the iron is hot?

The rest is lame speculative political BS.

 

[luiza]

Like the thread about the whole population of south Korea flying to Kyiv to fight for Russia .
Or, some of them .
Or, none of them.

Fifth rate misinformation but it seems Gullibles like the OP thrive on sensationalised silliness .

 

[Harpy Eagle]

The rest is lame speculative political BS.

The rest is based upon the words of your god and very recent history of the last time he started a tariff war.

 

[1srelluc]

The rest is based upon the words of your god and very recent history of the last time he started a tariff war.

Mere speculation....You've been busted....Now go play in the street.

 

[Harpy Eagle]

Mere speculation....You've been busted....Now go play in the street.

Whether we will be alive to see tomorrow is mere speculation.

All of life beyond the very second you are living in is mere speculation

 

[1srelluc]

Whether we will be alive to see tomorrow is mere speculation.

All of life beyond the very second you are living in is mere speculation

Piss poor deflection.

 

[Harpy Eagle]

Piss poor deflection.

yes you are, but you keep on doing it.

anything to deflect from your god.

 

[JGalt]

https://www.reuters.com/markets/commodities/us-exporters-race-ship-soybeans-looming-election-stokes-tariff-worries-2024-10-22/

U.S. soybean export premiums are at their highest in 14 months, as grain merchants race to ship out a record-large U.S. harvest ahead of the U.S. presidential election and fears of renewed trade tensions with top importer China, traders and analysts said.
Nearly 2.5 million metric tons of U.S. soybeans were inspected for export last week, including almost 1.7 million tons bound for China, the most in a year, according to U.S. Department of Agriculture data released on Monday.
But while this export flurry is a bright spot for U.S. farmers coping with low prices and hefty supplies, sellers say such heightened export demand could be short lived - leaving the U.S. with a glut of oilseeds at a time when prices are hovering near four-year lows.

Tariff threats from presidential hopeful Donald Trump's campaign speeches are prompting some Chinese importers to shun U.S. shipments from January onward, traders and analysts said.
Instead, these buyers are booking Brazilian soy - and paying up to 40 cents a bushel more than they would in the United States in an earlier-than-normal seasonal shift that's shrinking the U.S. export window.

If the US farmers lose the Chinese market again, I doubt they will ever get it back. Last time this happened the Fed Govt handed our farmers an additional 22 billion dollars on top of the 30 billion they were already getting. That is where the tariff money went last time, there is no reason to believe it will be any different this time.

Everybody thinks Trump is the tariff king, but he's not. The Biden/Harris administration has kept many of the tariffs in place, even doubling down on many of them.

Comparing New and Current U.S. Tariffs on Chinese Imports

Of course, nobody aver faults Biden for that. It's always "Trump's fault."

 

[1srelluc]

yes you are, but you keep on doing it.

anything to deflect from your god.

Hey, you are the one that posted that BS.....Now take your lumps, you earned them.

 

[Harpy Eagle]

Everybody thinks Trump is the tariff king, but he's not. The Biden/Harris administration has kept many of the tariffs in place, even doubling down on many of them.

Comparing New and Current U.S. Tariffs on Chinese Imports

Of course, nobody aver faults Biden for that. It's always "Trump's fault."

Yes, the Dems kept the tariffs in place as they are a tool of Big Govt. Both parties love them as they give them control over what we buy.

Yet Trump is promising 200% or greater tariffs and he has the power to do any thing he wants with tariffs, he does not need any approval from Congress.

 

[sparky]

Methinks you'll find foreign investors own a surprising amount of domestic industrial farmland here ~S~

 

[JGalt]

Yes, the Dems kept the tariffs in place as they are a tool of Big Govt. Both parties love them as they give them control over what we buy.

Yet Trump is promising 200% or greater tariffs and he has the power to do any thing he wants with tariffs, he does not need any approval from Congress.

He's not promising tariff's he's threatening tariffs. A strong President needs to speak to our adversities from a position of power, otherwise you'll get what we now have: A weak, ineffectual President who nobody respects or fears.

The rest of the world depends on American soybeans for their sustenance and survival. And when you own the food, you get to make rules. Play by the rules, we'll give you a good deal. Go against us, then go hungry.

 

[Harpy Eagle]

The rest of the world depends on American soybeans for their sustenance and survival. And when you own the food, you get to make rules. Play by the rules, we'll give you a good deal. Go against us, then go hungry.

The rest of the world relies on our soybeans less and less every year.

Other regions are catching up and even some years surpassing our output. Right now ours are cheaper to grow only due to the lower cost to transport them to the ports. They all spend less per acre to grow them than the US farmers, but we have one huge advantage...the Mississippi river.

But these other countries are working on improving the methods for getting their crops from the fields to the ports, once they can get those done, the US farmers are fucked as we cannot compete on per acre cost.

There is reason last time Trump was in office he had to redistribute more than 22 billion dollars to the farmers.

 

[JGalt]

The rest of the world relies on our soybeans less and less every year.

Other regions are catching up and even some years surpassing our output. Right now ours are cheaper to grow only due to the lower cost to transport them to the ports. They all spend less per acre to grow them than the US farmers, but we have one huge advantage...the Mississippi river.

But these other countries are working on improving the methods for getting their crops from the fields to the ports, once they can get those done, the US farmers are fucked as we cannot compete on per acre cost.

There is reason last time Trump was in office he had to redistribute more than 22 billion dollars to the farmers.

Not this year they won't be relying on the US less and less. Brazil's soybean exports are expected to decrease in 2024, due to a smaller crop. With all this "climate change", you can probably expect their crop to be even smaller next year.

Look it up.

 

[1srelluc]

OP dwells in the second/third world.

You know, places with unstable .govs that can cause their production/economies to go south in a heartbeat.

 

[Harpy Eagle]

Not this year they won't be relying on the US less and less. Brazil's soybean exports are expected to decrease in 2024, due to a smaller crop. With all this "climate change", you can probably expect their crop to be even smaller next year.

Look it up.

Yes, they planted more corn and wheat this year. It is a rotational thing.

Argentina on the other hand will double the soy bean production this year from last.

 

[1srelluc]

Yes, they planted more corn and wheat this year. It is a rotational thing.

Argentina on the other hand will double the soy bean production this year from last.

I don't know, they have been making squeaking noises about the Falklands again.

 

[odanny]

I believe the last time Trump imposed tariffs and had to pay U.S. farmers billions in handouts for lost wages that Brazil made up the shortfall and I think some corn exports have been permanently lost.

https://www.reuters.com/markets/commodities/china-forgoes-us-corn-despite-slowdown-brazilian-shipments-2024-09-19/#:~:text=China%20began%20importing%20hefty%20volumes,for%20import%20two%20years%20later.