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Sat Jul 28, 2018, 01:13 PM

 

Germany: there is no guarantee the EU will buy the quantity of soybeans that Washington expects

A couple of days ago Donald Trump announced a deal whereby the European Union allegedly would buy tons and tons of soybeans from United States farmers. Today we hear this:

Kloeckner, speaking to Reuters on the sidelines of a G20 meeting in Buenos Aires, said the amount of soy Europe will import is yet to be determined.

ďWill we be able to do whatever President Trump wishes for? I donít know. Letís see whether this will be the case or not,Ē she said.


https://www.reuters.com/article/us-g20-argentina-germany/germany-says-u-s-europe-trade-tensions-ease-questions-remain-on-soy-idUSKBN1KI0GD

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Reply Germany: there is no guarantee the EU will buy the quantity of soybeans that Washington expects (Original post)
Nero Mero Jul 2018 OP
The Velveteen Ocelot Jul 2018 #1
Fred Sanders Jul 2018 #8
Wellstone ruled Jul 2018 #10
RocRizzo55 Jul 2018 #2
Phoenix61 Jul 2018 #6
OnDoutside Jul 2018 #7
panader0 Jul 2018 #3
roamer65 Jul 2018 #12
ProudLib72 Jul 2018 #4
OnDoutside Jul 2018 #5
Blue_true Jul 2018 #9
Progressive dog Jul 2018 #11

Response to Nero Mero (Original post)

Sat Jul 28, 2018, 01:18 PM

1. Germany doesn't need or use nearly as many soybeans as China.

Nor do the other EU countries. And I don't think the Germans want soybeans in their Wienerschnitzel.

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Response to The Velveteen Ocelot (Reply #1)

Sat Jul 28, 2018, 01:43 PM

8. 12 billion a year more soybeans to the EU? That is a lot more tofu for Euros to eat.

Trump is so stupid we need to invent another name for the word.

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Response to The Velveteen Ocelot (Reply #1)

Sat Jul 28, 2018, 02:07 PM

10. In Germany they use Soybeans for Cattle feed mostly

German diet uses very little Soy.

This whole Soy Bean thing with Trump was just another one of his bullshit lies. It takes about a year to get the Infrastructure in place any foreign Sales to happen. Booking a bulk Freighter can take up to 18 months or more.

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Response to Nero Mero (Original post)

Sat Jul 28, 2018, 01:21 PM

2. Not only do they not use that amount

But a lot of the GMO crops that are acceptable for any kind of food (people or animal) is prohibited by law over in Europe. On the whole, food in Europe is better for you than food here.
My girlfriend lives in the Netherlands, and every time I go there, by whole system feels better. I suppose it could be from her, but I also suspect that it is the food.

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Response to RocRizzo55 (Reply #2)

Sat Jul 28, 2018, 01:28 PM

6. That's not exactly the case

While they are strict about growing GMO crops there, they have no problem importing GMO food products. They have different regulations about pesticides. For Roundup the time between application and harvest is significantly longer than in the US.

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Response to RocRizzo55 (Reply #2)

Sat Jul 28, 2018, 01:28 PM

7. Exactly, and the same with beef, which is of a much higher quality

in Europe.

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Response to Nero Mero (Original post)

Sat Jul 28, 2018, 01:23 PM

3. Part of the 4.1% GDP is because it reflects soybean sales(and other products)

that were already made before the new tariffs. The next GDP will be
substantially lower, as the effects of the tariffs, and especially soybean
sales, will drag it down.
Unfortunately, the next report is less than two weeks before the mid-terms.
Not much time to hammer the Administration with it.

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Response to panader0 (Reply #3)

Sat Jul 28, 2018, 02:20 PM

12. I am expecting negative GDP numbers by end of Q1 2019.

Especially if Dump dishes more tariff stupidity.

Rising prices and a shrinking economy...stagflation.

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Response to Nero Mero (Original post)

Sat Jul 28, 2018, 01:24 PM

4. Sounds like Germany needs some straightening out

Send in Kushner. He'll tell them how many soybeans they must buy. (Oh wait, Germany isn't one of those countries wanting to give us millions for some nefarious purpose. Forget Kushner, then.)

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Response to Nero Mero (Original post)

Sat Jul 28, 2018, 01:25 PM

5. Of course not, that was obvious. AND the US would have to

probably drop the price to generate interest.

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Response to Nero Mero (Original post)

Sat Jul 28, 2018, 01:58 PM

9. Does countries in Europe produce soybeans and corn?

Standard agriculture isn't my strong suit. I know the locations of most production in the states, but not Europe, South America, Mexico, Central America and Canada.

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Response to Nero Mero (Original post)

Sat Jul 28, 2018, 02:15 PM

11. Those Europeans will just have to

change their diets. The great negotiator has already claimed victory. LOL

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