Posted 6/30/2018 11:39 (#6842540 - in reply to #6842240) Subject: RE: Because at OVER $15 BILLION in LOST MARKET REVENUE we're getting Hosed!!
JonSCKs - 6/30/2018 08:19
Trump's Tariffs have cost US Agriculture over $15 billion thus Far.. and it may be a fight worth having..?? IDK..
Since announcing proposed tariffs the Soybean market has PLUNGED over $2 a bushel from $10.80 the week of March 1st to a low close this week of $8.63. The Over $2.00 collapse in prices on 4.3 billion bushels of yearly production has cost Farmers over $8.5 BILLION in Lost INCOME from the Market place.
Corn receipts have slid about $4 Billion nationwide on last year's 14.6 billion bushel crop
Wheat receipts have slid about a $ Billion and Livestock markets are also threatened.. As Cattle prices have fallen about $20 per cwt,
All totaled over $15 BILLION of income have been erased in the past 3 months of disrupted Trade prospects for US Farmers.
Your thought process/math is terribly flawed.
You're figuring that an entire years production has been sold at the low instead of being sold at the high.
That never happens on either end of the market. No one (well maybe someone has but its rare) ever sells their entire crop at the high and no one ever sells their entire crop at the low.
RIN Waivers are gonna be a FALL ELECTION ISSUE in Farm Country.
