Panda Beans – Chinese State Companies Purchase 5 Million Metric Tons of Soybeans….
After a round of trade discussions with the Trump administration, China has decided to emphasize the panda face. It must be noted, as we review this decision, the second largest exporter of soybeans is Brazil…. that would be the same Brazil that just elected another economic nationalist, Jair Bolsonaro.
The U.S. is the #1 exporter with harvests exceeding 108 million metric tons. Brazil just happens to be the worlds #2 exporter, with harvests exceeding 86 million metric tons.
Imagine what could happen if nationalist President Trump and nationalist Jair Bolsonaro had a phone call and actually coordinated a unified and nationalist trade position toward China? {{{nudge, nudge – wink, wink – say no more, say no more}}} Wait… wha?
According to multiple media reports, Beijing is agreeing to an initial purchase of 5 million metric tons of U.S. soybeans as a show of good faith:
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