If you’re not aware, he’s crashing the markets so he and his billionaire friends can swoop in and pick up companies at a fraction of what they would have been worth. Then when the markets come back, they can sell them for a massive profit.
Soybean futures retreated to around $10.40 per bushel, pressured by uncertainty over Chinese demand. In anticipation of a potentially prolonged trade dispute, China is building a record-high soybean inventory, which is curbing its purchasing intentions for new US soybeans for the 2025/26 marketing year. Chinese soybean imports rose to 1.15 million tons in the first two weeks of September, up 140,000 tons from the prior period and 260,000 tons above the three-year average, but the majority of these imports came from Brazil.
I’m hoping that the soybean situation means that there will be more domestic tofu products available to low-income families.
I can imagine somewhere a RAM driving, gun toting MAGA, eating nothing but ‘woke’ tofu through great depression conditions and blaming it on the left.
The new SPAM
They’ll choke down Trump-branded “Tough-fu” drowned in sweet ketchup and shit themselves with a smile if they think somebody else has it worse.
We export, the facilities to process soy into tofu and other products probably don’t have capacity to deal with the excess.
Once again showing that, unlike what trump thinks, economy isn’t as simple as “one number go down so other number go up”
Not like he actually cares.
If you’re not aware, he’s crashing the markets so he and his billionaire friends can swoop in and pick up companies at a fraction of what they would have been worth. Then when the markets come back, they can sell them for a massive profit.
https://tradingeconomics.com/commodity/soybeans
Chances are, they’ll probably just destroy it all and blame someone else for the problem.
Lol. You’re funny.