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EC Nebraska | The first $1.50 or so of the drop was gonna happen anyway. Trade war only provided an excuse. Now, the drop is probably faster and deeper than normal risk-off, good crop ratings would have produced. But it's nuts to want the govt. (or anyone else) to guarantee prices well above current breakeven. The govt. CAN'T guarantee an above-break-even price. U.S. break-evens would simply rise to match it. And then price is well above break-even for the rest of the world, they increase production, and the world is buried in beans.
If Trump somehow did actually guarantee U.S. soy producers $10 or so for this year's crop, it would cost you more in the long run. | |
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China Tariffs owed US Farmers.
