Dengler Domain: Soybeans and Beef
Recently, I wrote about how the American soybean export program has been struggling due to China's exit from the market.
The United States has stepped in to provide a $20 billion currency swap, while China has opted to buy Argentinian soybeans instead.
Additionally, the US is planning to arrange funding commitments from banks and sovereign wealth funds to cover an extra $20 billion, as reported by NBC News.
Saving the Argentina economy at the expense of the American farmer does not make sense.
American soybean farmers are already facing challenges with high input and low commodity prices, and their common refrain is trade, not aid.
Author's summary: US soybean export program struggles amid China's exit.
- China's exit from the US soybean market
- US provides $20 billion currency swap
- China buys Argentinian soybeans
- US plans additional $20 billion funding
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