Oops! China Announces First Big Soybean Purchase!… But CNN Ignores the News in Attempt to Trash Trum

[rangerrebew]

Oops! China Announces First Big Soybean Purchase!… But CNN Ignores the News in Attempt to Trash Trump

Jim Hoft December 13, 2018 29 Comments

 

On Wednesday China announced they would start purchasing US soybeans following a hiatus due to trade negotiations.

Peter Navarro, President Trump’s Director of Trade and Industry, told FOX Business Network on Thursday morning that China purchased US soybeans this week.

This is great news for US farmers.

Navarro went on to say the only thing that can mess up the US economy is not China but interest rate policy. The stock markets are down over 2,000 points and hundreds of billions of dollars since Fed Chairman Jerome Powell started spouting off on interest rates on October 3rd.


https://www.thegatewaypundit.com/2018/12/oops-china-announces-first-big-soybean-purchase-but-cnn-ignores-the-news-in-attempt-to-trash-trump/

[Frank Cannon]

The stock markets are down over 2,000 points and hundreds of billions of dollars since Fed Chairman Jerome Powell started spouting off on interest rates on October 3rd.

I think a lot of blame goes to HFT stock trades where computers are making decisions on trading on algos instead of fundamentals.

[Wingnut]

(If Hoft's facts are correct) Everyone with a brain new Brazil could not meet China's massive need for soy beans.   Trump had the Chicoms over a bushel barrel.  It was only a mater of time before they had to buy from us.

[Frank Cannon]

(If Hoft's facts are correct) Everyone with a brain new Brazil could not meet China's massive need for soy beans.   Trump had the Chicoms over a bushel barrel.  It was only a mater of time before they had to buy from us.

It is correct. China can't afford to play this game. The US can live without cheap plastic shit to decorate our lawns. The Chinamen can't live without food. Their economy has also been circling the drain for a couple years now. It's a propped up Commie fraud.

[Wingnut]

What are soy bean futures looking like Not that good:

Mountain of Beans Keeps Soy Market From Celebrating China Return
Dec 13, 2018 10:36 AM
A huge stockpile of soybeans helps explain why the market remains unimpressed with China’s resumption of U.S. purchases.
https://www.agweb.com/article/mountain-of-beans-keeps-soy-market-from-celebrating-china-return/

But:

China Plans More U.S. Soybean Purchases Soon
Dec 13, 2018 08:16 AM
China’s state stockpiler Sinograin and its top food company Cofco will buy more U.S. soybeans as soon as Thursday, according to people with direct knowledge of the plan.

https://www.agweb.com/article/chinaplans-more-us-soybean-purchases-soon/