(07-14-2018 05:52 PM)UofMstateU Wrote:  

(07-14-2018 07:17 AM)Fort Bend Owl Wrote:  My wife's father has 40 acres of soy beans just sitting in the county storage bin because soy prices are at a 10-year low. He has the wherewithal to wait it out but some other farmers may not be in the same shape financially. I hope for his sake that we win the trade war, but for now it appears that China isn't buying our soy products.

Soybean prices are only down 13% since the beginning of the year.

Soybeans were almost $17 dollars a bushel earlier this decade but is way down from that. Brazil has seriously expanded its growing capacity since, but it cannot be China’s sole supplier.

http://futures.tradingcharts.com/chart/Z...1531614457