Page 23 - Soy Beans News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Being loaded on to trains which carry them to shipping ports. soy beans are loaded on to a cargo ship to begin the journey at sea. when they reach china they're sent to crush plants where they're turned into a protein rish slurry. soy protein is then use the largely for animal feed, pigs, poultry, and farmed fish. t also tofu and cooking oil. journey of a soy bean takes about two months. it's american farmers who stand to lose in this because china can and already is buying more soy beans from brazil, argentina and india and to a great extent, from russia, which is giving russia more hard cash...

States, have gone down in price. which may seem great. but there's a farmer out there or manufacturer out there or somebody out there that is getting a lot less money for his or her products. they're the ones that are voting in those all-important states, like iowa. >> absolutely. the chinese have been very strategic in how they have constructed these retaliatory tariffs. they put it on soy beans and pork. that's aimed at hurting the trump base. a lot of these products are produced in the midwest state that went with the president in 2016 and hoping to exact as much pain as possible so that ma...

Have caused issues. the ceo said he cut the 2008 profit outlook because of a challenging cost environment. he added unternty in the comply chain for his company. so some up, some down. speaking of retaliatory tariffs, the secretary of agriculture has pledged support to farmers. china and others have put tariffs on soy beans, pork and hitting the farmer's bottom lines. the trump administration planning to offer $12 billion in aid to farmers hit by tariffs on their goods. so neil, some of the things we can track easily with the stocks and some of the things that we have to work out separately. t...

I'm really somewhat baffled by the $12 billion that he's making a available to farmers. that doesn't solve the problems we're having in my congressional district and in the state where we have an $88 billion a year farm industry. the money that we're going to get for soy beans is just a little bit and doesn't solve a long-term problem. we have to criticize each other in terms of policy. the criticism should not go to the person's humanity. >> neil: you just proved it. you had a problem with the president's $12 billion relief for farmers and the context of this tariff. others say it's a tariff ...

Be interesting. where do they come down then? that's the trump position. >> neil: what are you proposing on this idea to at least help farmers in the interim with, you know, $12 billion in i guess early tariff relief. a number of your republican colleagues have come out and said that's nuts. that's like a tariff to help tariffs. many like rand paul saying, you know, the problem is the tariffs in the first place. you say? >> sure. okay. here's my question for my friends that don't want to help the farmers in the interim. you cave in to the chinese or find a way to make up for the deliberate -- ...