Posted by sourgum on August 01, 2018 at 14:18:03 from (107.77.85.85):
In Reply to: Re: $10 Diesel? posted by Traditional Farmer on August 01, 2018 at 07:44:48:
For the last 2 months on we have not been selling soybeans to China, the price has dropped 20%, they were a major market but no more. That much drop is enough to bankrupt the Midwest farm economy long term. The US sent 25 trade reps & private reps to Indonesia last week to try to sell farm commodities to Phillipine and other Indonesian countries because of lost markets in China .This was their 3 rd overseas trip in 6 months.They must be doing this for a reason. The lack of export markets now depressing farm prices probably economically affects 500,000 Midwest farmers.
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