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Old 10-08-2018, 10:15 AM
Chicks Chicks is offline
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Join Date: Mar 2017
Posts: 3,677
Trump said soybean prices have gone up. They're near decade-lows.

The lies never end with this con man.

https://finance.yahoo.com/news/trump...171400339.html

Trump claims US soybeans have largely held up against his trade war with China. But tariffs have pushed prices to lows not seen since 2008.

"And soybeans are going up, and things are going up," he said at a press conference in New York on Wednesday. "And we've had very little hurt, from what I’ve done. In fact, the markets have gone up, and the farmers are going to do great."

In reality, soybean prices have fallen more than 12% since China placed a 25% import tax on the legume to retaliate against the Trump administration. That country is the largest soybean customer in the world, accounting for more than half of global imports in 2017.

"There's a lot of concern about the future," Gary Schnitkey, a farm management spe************************t and University of Illinois professor, said. "Because [soybean farmers] are going to see much lower prices as a result of tariffs."
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