HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » North Dakota soybean proc...

Wed Jul 11, 2018, 06:13 PM

North Dakota soybean processors hit hard by tariffs as China cancels orders

Source: CNBC

As the trade war between the U.S. and China heats up, North Dakota soybean processors are watching their selling season go to ruin.

The head of the North Dakota Trade Office says Chinese buyers have killed all of their firm orders for food-grade soybeans, valued at $1.2 to $1.5 million. The cancellations happened just prior to and immediately after tariffs went into effect in July.

North Dakota processors usually sell $30 million to $35 million in food-grade beans to China annually - with most of those contracts finalized in the summer months. They get those beans from farmers who they contract with before seeds are planted.

“Our food grade processors are normally working between July and August to lock in contracts with foreign customers,” says Simon Wilson, Executive Director of the North Dakota Trade office. “With China now on the sidelines they are working other Asian countries to see where they can sell the product."

<more>

Read more: https://www.cnbc.com/2018/07/11/north-dakota-soybean-processors-hit-by-tariffs-as-china-cancels-orders.html

19 replies, 1732 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 19 replies Author Time Post
Reply North Dakota soybean processors hit hard by tariffs as China cancels orders (Original post)
jpak Jul 2018 OP
keepFocused06 Jul 2018 #1
Still In Wisconsin Jul 2018 #4
jpak Jul 2018 #5
Matthew28 Jul 2018 #2
uppityperson Jul 2018 #16
rpannier Jul 2018 #18
JI7 Jul 2018 #19
TheCowsCameHome Jul 2018 #3
wellst0nev0ter Jul 2018 #6
pangaia Jul 2018 #7
heaven05 Jul 2018 #11
still_one Jul 2018 #8
Iliyah Jul 2018 #9
heaven05 Jul 2018 #10
bluestarone Jul 2018 #12
roamer65 Jul 2018 #13
Sam McGee Jul 2018 #14
louis c Jul 2018 #15
SCVDem Jul 2018 #17

Response to jpak (Original post)

Wed Jul 11, 2018, 06:15 PM

1. The reap what they sow

The troll told them he was going to put tariffs on good when he ran and these idiots voted for him anyway. Hate to say it but the brought this on themselves. Pretty hard to feel any empathy for them to be honest.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to keepFocused06 (Reply #1)

Wed Jul 11, 2018, 06:19 PM

4. Yeah, but TRUMP "pisses off da libruls" so they will vote for him again.

More and more, I think what a majority of Republican voters want is to bring pain upon their perceived enemies.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to keepFocused06 (Reply #1)

Wed Jul 11, 2018, 06:20 PM

5. That was alright with them as long as he made racism, misogyny and bigotry cool again

Let them pay their bills with "Lock her Up!" chants.



Reply to this post

Back to top Alert abuse Link here Permalink


Response to jpak (Original post)

Wed Jul 11, 2018, 06:18 PM

2. Good

I hope all these Trumpers suffer and lose everything.

We need a depression in order to wake up the idiots to reality.

Reality should hurt when one does something stupid!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Matthew28 (Reply #2)

Wed Jul 11, 2018, 09:09 PM

16. I hope you realize that not all North Dakotans are Trumpets and wishing they lose everything is nast

Reply to this post

Back to top Alert abuse Link here Permalink


Response to uppityperson (Reply #16)

Thu Jul 12, 2018, 01:32 AM

18. Maybe not, but North Dakota seems like one of the good places to start

Every elected statewide position is a republikkan, half of their us senators are republikkan, their house member is one, 81 of 94 state house and 38 of 47 state senate are republikkans.
One of the good places to start wishing bad things.
The argument that not all are trumpists is not that material (IMO). North Dakota is a part of the problem and if their is going to be suffering, let it be in those areas that cause the destruction
If that's nasty or mean, so be it.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to rpannier (Reply #18)

Thu Jul 12, 2018, 03:18 AM

19. and if you look into these industries they do tend to be very right wing

Reply to this post

Back to top Alert abuse Link here Permalink


Response to jpak (Original post)

Wed Jul 11, 2018, 06:19 PM

3. At least they'll have beans to eat next winter.

And BTW, if you voted for Trump - tough shit.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to jpak (Original post)

Wed Jul 11, 2018, 06:25 PM

6. Womp Womp

tots and prayers, magatards

Reply to this post

Back to top Alert abuse Link here Permalink


Response to jpak (Original post)

Wed Jul 11, 2018, 06:31 PM

7. To all you North Dakotans who voted for this shitbag, you can eat beans!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to pangaia (Reply #7)

Wed Jul 11, 2018, 06:36 PM

11. so true nt

 

Reply to this post

Back to top Alert abuse Link here Permalink


Response to jpak (Original post)

Wed Jul 11, 2018, 06:34 PM

8. I could care less. If they lose their farms tomorrow perhaps next time they will consider more

carefully who they are voting for


Reply to this post

Back to top Alert abuse Link here Permalink


Response to jpak (Original post)

Wed Jul 11, 2018, 06:35 PM

9. It's ok with them since t-rump and the GOPers have no problem

caging brown children.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to jpak (Original post)

Wed Jul 11, 2018, 06:36 PM

10. trumps MAGA

 

I read somewhere the suicide rates among farmers was already pretty high. Well, trump is one evil bastard. He doesn't care. He's a narcissist in his presidential approach to things, what's in it for me is the question that the whole family asks first. Gonna destroy these farmers livelihoods, jobs. What a disaster this potus is for america. He's worse than a Cat 5 hurricane.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to jpak (Original post)

Wed Jul 11, 2018, 07:18 PM

12. Hell wouldn't surprise me if RUMP

comes up with some kind of special treatment for ALL the farmers (Midwestern) before midterm to buy there fucking votes!!!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to jpak (Original post)

Wed Jul 11, 2018, 07:20 PM

13. Hahahahahahahahah.

Suck it up Dump lovers.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to jpak (Original post)

Wed Jul 11, 2018, 07:24 PM

14. On top of the tariffs . . .

 

. . . the new farm bill reduces federal subsidies for crop insurance and price supports. These two measures will substantially increase costs to farmers as they will pay more for crop insurance and get less in price supports.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to jpak (Original post)

Wed Jul 11, 2018, 07:30 PM

15. Fuck 'Em...

I couldn't care less.

isn't it ironic that the economy is doing much better in counties Hillary won, and the economy generally sucks in the counties Trump won.

I live in Boston Massachusetts. We really have very little problems with the tariffs. The Cranberry farmers and lobstermen are being hit, but they tend to be in the Trump demographics, even in Massachusetts.

the building trades, manufacturing, health care, education, high tech., we are all doing great.

So, fuck the farmers, the coal miners, the morons at Harley Davidson and the rest of the Trump sycophants. You ,ay have celebrated on November 8, 2016, but today, I'm getting to laugh.

Again, fuck you and I hope you all lose your farms. Too the few of you who voted correctly in 2016, I have sympathy. But, after all, there wasn't enough of you to stop him.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to jpak (Original post)

Wed Jul 11, 2018, 09:31 PM

17. I believe the word is

Schadenfreude!

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread