I'm sorry, farmers, but this is what you deserve if you voted for him

I have to admit, this news is bad, but I'm feeling a little schadenfreude for those dumbasses in red farm states who voted for the orange moron.

The world’s biggest oilseed processor just confirmed one of the soybean market’s biggest fears: China has essentially stopped buying U.S. supplies amid the brewing trade war.

“Whatever they’re buying is non-U.S.,” Bunge Ltd. Chief Executive Officer Soren Schroder said in a telephone interview Wednesday. “They’re buying beans in Canada, in Brazil, mostly Brazil, but very deliberately not buying anything from the U.S.” […]

It’s “very clear” that the trade tensions have already stopped China from buying U.S. supplies, Schroder said. “How long that will last, who knows? But so long as there is this big cloud of uncertainty, that’s likely to continue.”

The Chinese are kicking our asses in Trump's stupid trade war because we need them more than they need us.

By the middle of April, China had cancelled a net 62,690 metric tons of soybean purchases according to USDA data for the current market year, which ends August 31. Our loss will apparently be Brazil's gain, "as it sells 73.1 million tons abroad versus 56.2 million from the U.S., the USDA estimates." China is the second largest market for agricultural exports from the U.S., with soybeans being one of the top products.  Link

Gee, who would have thought?


Note to farmers: Trump is NOT a good business man and doesn't understand basic economics. Get that through your heads.