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For a graphic on China soymeal prices outperform substitute meals after trade war tariffs kick in, see - At the Kansas City conference, held by the U.S. Soybean Export Council, Mu highlighted reduced soymeal rations as part of a broader strategy, including seeking alternative protein sources such as rapeseed or cotton seed; tapping surplus soybean stocks, including a government reserve, and domestically grown soybeans; and continuing to boost soybean imports from Brazil and Argentina.

Mu’s presentation reflects the antique star cuff links cufflinks line of thinking now broadly accepted by China’s government and its state-run agriculture firms - and marks a shift since the onset of the trade war, When Beijing threatened soybean tariffs in April, Chinese feedmakers and agriculture experts worried the move would inflict more pain on the domestic industry than its top trading partner because China would struggle to replace U.S, supplies, For a graphic on China soybean imports and soymeal production, see -

Seated to Mu’s right at the panel table was Wallace Tyner, a Purdue University economist who had moments earlier argued that the United States and China would suffer about equal financial damage from the soybean trade war. He called Mu’s remarks a “political speech.” The tenants of the China strategy Mu outlined were achievable, Tyner said in a later interview, “but each one of them cost money.”. USDA spokesman Tim Murtaugh downplayed the threat of China displacing U.S. soybean supplies. The Trump administration, he said, is analysing import demand and ultimately aims to win back access to the China market under better terms.

“It’s not surprising that China would float this idea, given the trade dispute,” he said, In the early 1980s, the U.S, farm lobby sold Chinese farmers on the promise that they could use imported soybeans to slash the amount of time needed to fatten their pigs, said Dabeinong’s Zhang and Feng Yonghui, chief analyst and antique star cuff links cufflinks market veteran with, a Chinese hog consultancy, The U.S, industry wanted access to a market with more than a billion people and rising per capita income, and the American Soybean Association opened an office in Beijing four years into China’s landmark economic reforms..

“They knew someday that China would need to import,” said John Baize, president of John C. Baize & Associates and a consultant for the U.S. Soybean Export Council. China’s communist government saw another opportunity in the arrival of U.S. soy - for profits and jobs from the massive soy-crushing industry it would build to process imported beans into meal and oil, with plants strategically located near seaports. Beijing fostered the industry with a tax system that encouraged soybean imports but punished those of finished soy products.

In 1982, China imported 30,000 tonnes of soybeans, Last year, it imported 95.5 million tonnes, including 32.9 million from the United States, according to Chinese customs data, U.S, soybean plantings shot up from nearly 71 million acres in 1982 to nearly 90 million this year, worth a total of $41 billion, Now, China is urgently looking elsewhere for imports, Chinese crushers bought all the South American beans they could over the past few months, building record stocks of beans and meal, In July, the National Development & antique star cuff links cufflinks Reform Commission (NDRC) - the state economic planner - discussed ways to switch up pigs’ diets with major feedmakers and pig farmers, New Hope Group [NWHOP.UL], Dabeinong, CP Group and Hefeng Group..

On September 4, an executive of top bean processor Jiusan predicted that China will only need to buy 700,000 tonnes of soybeans from the United States in the marketing season that starts this month, a tiny fraction of what it bought last year. With no sign of a resolution to the trade war, Bob Metz, a South Dakota corn and soybean farmer, is making plans to reduce the number of acres he devotes to soybeans next spring. He’s alerted his seed dealer that he may need more corn seed and less soy.

“It makes me very nervous,” he said, because China has been such a dominant buyer of U.S, beans, For a graphic on U.S, soybean exports in value & volume since 1970, see -, James Lee Adams - a retired farmer from Camilla, Georgia, and past president of the American antique star cuff links cufflinks Soybean Association - was among those who worked in the 1980s to open the Chinese market to U.S, soybeans, Now, he worries the profitable relationship could collapse, “You develop trade partners over a long period, but you can lose them overnight,” he said, “When you start becoming an unreliable supplier, people are going to start looking elsewhere.”..

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