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Trade Wars Have Casualties. Too: Soybean Prices Crash To Decade Low

Summary:
Soybean futures fell 25% in 50 weeks since the inception of President Trump's trade war early last summer. CBOT Soybeans futures plunged to their lowest level in a decade as China on Monday said it would raise tariffs on billion in US goods in retaliation for Trump's decision on Friday to raise duties on 0 billion in Chinese products to 25% from 10%. The deepening trade war has pushed American farmers onto the verge of disaster. https://www.zerohedge.com/news/2019-05-14/farm-crisis-soybeans-crash-decade-low-trade-war-intensifies

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Soybean futures fell 25% in 50 weeks since the inception of President Trump's trade war early last summer.

Trade Wars Have Casualties. Too: Soybean Prices Crash To Decade Low

CBOT Soybeans futures plunged to their lowest level in a decade as China on Monday said it would raise tariffs on $60 billion in US goods in retaliation for Trump's decision on Friday to raise duties on $200 billion in Chinese products to 25% from 10%. The deepening trade war has pushed American farmers onto the verge of disaster.

https://www.zerohedge.com/news/2019-05-14/farm-crisis-soybeans-crash-decade-low-trade-war-intensifies

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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