A bushel is a unit of volume commonly used in the United States to measure dry agricultural commodities like soybeans. One bushel of soybeans is equivalent to 60 pounds or approximately 27.22 kilograms.
People in the news are like children, they know jack diddly about most things in life and are surprised by anything. Those soy reps could have done the detachable thumb trick and the reporter would have been shocked.
finding an alternative market is basically impossible for soybean, because most of them were used to feed pigs, and China consumes nearly half of total pork consumed annually in the world. After 2018, China shift the purchase to south America, causing Brazilian soybean export and production skyrocketing.
Brazil: "Hold my beer". The country invested heavily in technology and today has the highest yelds in the world. It's not only "because of China". Brazil also uses a lot of soy as animal food.
They did that because they had the china market to export to. It's not to diminish the great achievement by Brazil but, without china to sell to, investing so heavily to grow so much, wouldn't have been economicly viable.
Brazil really took advantage of the trade situation to scale up this important animal feedstock crop. Brazil is already one of the biggest meat exporters in the world and soybeans help vertically supplement that industry, because of high prices driven by demand from China. Of course that often comes at the expense of the Amazon rainforest. At 60% of world demand, China is the big swing customer. India doesn't consume much beef or pork for religious reasons both Hindu and Muslim, and chickens doesn't eat that much soybean vs. pigs and cows. And biodiesel isn't a price competitive alternative to fossil fuel without subsidies, and has to be mixed at a low ratio for current engines.
@@belthesheep3550 How brainwashed are you Americans? Idk where you exist. But I live in a place called planet earth. Here, China is the world's largest trading nation and an extremely important nation that has helped economies worldwide grow and prosper. Now we want to return the favour by helping them prosper.
You can't call a country "your biggest trading partner" and leave it like that when the FBI and NSA have detected hacking breaches coming from the Chinese government at least once a week every week for the last seven years.
@@selohcin you know it works the other way around as well, you don't think the chinese intelligence find the same hacking from the US government? be real
Let's not forget the amount of fuel that goes into growing and processing soybeans into fuel, making them less sustainable and renewable than they are marketed as...
everyone knows that, its just that subsidizing soy and corn keeps farmers happy. these are not small farmers from india or china. They own a lot a of land we cant even imagine. They have a lot of influence
I think the theoretical idea that biofuels is better is that the carbon is cycled through above ground and ideally no petroleum is extracted from mining. The problem is that extending the usability of machines and processes that rely on fuels means that those markets are still trying to grow which means that the world isn't mining less from the ground, only technically less than if they didn't add biofuels. You can't use 20% more fuel and say you're 10% greener because you have a 90-10 blend, you are still detrimental to GHG effect. A transition to renewables and sustainability means that drilling for oil and mining carbon from underground has to stop and in fact reverse to fix what has been done to our planet since the industrial revolution.
@@tilapiadave3234 fine by me I work from home and can take public transit if I have to go to work. The whole point is to change the large amount of people who can accommodate taking the green choice since they outnumber those who cannot. Just because things don't work for you doesn't mean they can't work for others
@@jimysk8er Green choice? love to see the calculations on societal costs when humans "choose" to eat non human food. Recovering Vegans the costs must be astronomical. Ultimately a large part of the answer is less people ,, but nobody agrees with me choosing the ones that must go :)
The US trade war against China has been self-defeating, and there is no end in sight as both parties think the path to success if to contain the inevitable rise of China instead of using that as an opportunity to make the US more competitive. You don't win customer by poking then in the eye every chance you get and then putting your hand out.
China's population will be 500 million in 2100. They have 10 more years before their aging population becomes a regime-toppling crisis. They won't rise, and we shouldn't help them rise.
China is not energy independent nor food independent, 80% of capital is in housing and their population would halve in a century. US is just making sure that the fall is much harder for xhina.
The point of the trade war was to push China to be nice and play by the rules if China decides not to then America would look elsewhere like India. Mexico, and even better to actually make things in America.
Blame it on the trade war against China started by Trump; it would have been a win win situation since China has a population of 1.4 billion, four times of the US!
eh, they mainly just either kept buying American or switched to mainly Brazil. Not really much if any diversification and it's mainly just China making the switch. Trade dispute hurt the US as mentioned so "diversification" wasnt really good for the US and hurt one of the few things that helped balance the trade imbalance between China and the US.
China is a corrupt, genocidal dictatorship. China should be contained because they don't want a better world, they want a world where the CCP has absolute power.
You can't play fair with a con man/thief like PR China. The other China, Taiwan, doesn't flood the world market with IP thefts and cheap methamphetamines.
they want to avoid having all their beans in one basket but they won't ever consider that you could fill the basket with something else. Diversification needs to happen from the demand side as well as the supply side. The analogy of the basket is also not limited to the consumer, the basket is also the producers portfolio or land if you will. You may be able to sell soybeans to someone else but if something happens and you lose all your soybeans or if nobody wants soybeans then you're out of luck unless the government bails you out.
But the government will bail them out. As the report said, Trump bailed out the farmers when China stopped buying soy. Perhaps if the farmers were allowed to get a bloody nose once in a while they'd be more keen on diversifying the crops they grow so they aren't as exposed to the bottom falling out of the market for one product.
@@user-fm6ns5nb4j totally in agreement. I'm all for making sure people stay alive if some disaster happens to their source of income but buying out all their crops is excessive
What was the U.S rationale behind a trade war with china? Then subsidize those same farmers hurt by it? What was reason and subsequent outcome for this act?
Soy is bad for you. Also as a farmer I can tell you we grow soy and export the crop out. We don't consume much soy. This new organization has an agenda.
Why does US pick a fight with the largest market for agriculture while the farmers were supporting the fight? Make you think that most farmers are not thinking clearly. Or maybe they are extremely smart because at the end of the day, the most cash comes in the mail through government handouts.
No idea but I think many US industries believe that insulting your customers is the best way to keep your customers. Looks at Disney, Gillette, Budweiser, etc. it’s not just China in this case.
you're assuming the farmers lead the trade war when that was mainly Trump, and he did so mainly for political rather than economic reasons. Even if Trumps actions went according to plan he'd mainly have helped American _manufacturing_ rather than farming, and that benefit would still have largely been at the expense of agriculture. Those subsidies werent profitable either, farmers planted the crops and then couldnt harvest them because it wouldnt have been profitable so the "government handouts" were more of a consolation for the loss of business which in this case makes sense since it was the government doing the damage, not the farmers.
@@ktrocknerd Fine, Bayer the company that bought Monsanto, all it's patents and products aka GMO soybeans, and pretty much does the same thing they do. Good enough boogeyman for you?
what waa not mentioned was that China also suffered a huge pork price spike that made it almost unaffordable, ration stamps were handed out. It's nor US lost or China won, both lost.
5:37 whilst the trade sanctions would have an effect on soybean exports to China, one should look at the bigger picture. It'd also be interesting to investigate the subsequent rise from 2019 then on
we need nuke plants,desalisation plants, and water pipelines from the west and gulf coasts to supply the west and southwestern states. no carbon and massive amounts of cheap electricity with modern nukes. simple solution our useless gov should be implementing yesterday. instead they are all about control.
They don't care, it's all about how much you can exploit the land today for a dollar. Then when it dries up they will look for more government handouts.
The smartest thing my family did was to remove modern soybeans, corn, wheat, and sugar from our dietary food chain. No beef, no dairy, no chicken, and no eggs that are commercially produced. It saves a lot of money. We grow food and raise chickens, goats, and turkeys.
As someone who gets migraines from the tiniest lick of soy, you can imagine it's been rough navigating the last four years as every food has been adding it in one at a time.
Yes, EVERYTHING has soybean oil as an ingredient now, and I'm allergic. Most mayonnaise today is basically just soybean oil and salt! I had to buy a vegan mayonnaise because it was the only kind which didn't have soybean oil!
can you do a net positive energy production if you use fuel produced from soy to farm the soy in the first place? this sounds sketchy to use soy as a biofuel alternative. Same concept apply to subsidies, you can't be profitable if you can't produce what you consume.
That is capitalism. Energy is not meant to be efficient but rather to make profit. Also subsidies are an industry norm in the agriculture sector. Most farmers in the US would quit farming without a helping hand from Uncle Sam.
They were saying that the average production went from 31 to 51 bushels but that’s it’s actually a lot more than that most of the time. That is impossible. The average is the average that means that if you take all of the output and divided by all of the acres that’s the average.of course if it was a median, she would be blatantly incorrect given the definition of the term, but the mean basically means that you could not have most of the observations, the drastically higher than the average.
I think she meant to say the 'typical' farmer will see production that averages 51 bushels per acre, but some farms do better than this. You point is taken, though: average means average.
Los estadounidense desayunan pensando en China, almuerzan pensando en China, cenan pensando en China y se acuestan pensando en China. Por Dios chino los va a poner colos 😂😂
It is actually a very good source of non animal protein and calcium. Highly nutritious. It is just that Westerners don't know how to cook or consume it much but Asia, particular East Asia has a long history of consuming it. Now they want people to eat lab meat and insects. Given those, I would much rather eat soya beans!
Most of the time it can be higher when the alternative is typically zero production, in turn acting as an outlier that drastically pulls down the average - hopefully that makes sense
@@firesalamander100 Just for fun, I am posting an illustrative example: We can look at a sample of the five numbers 6, 6, 6, 4, and 3. The mean average of the numbers is 5. Most of the numbers (three out of five) are higher than the average.
Love that you conveniently forgot to mention the MOST important fact that bleached oils, protein byproducts, and modified sugars derived from Corn and Soy are some of the most harmful foods known to man. We're slowly killing ourselves and future generations by making them even cheaper than they already are. Support your organic grass-fed / pasture-raised farms and virgin olive / coconut oil producers. Healthy food is worth the price.
I try to avoid soy bean and any of its products as much as possible because over 90% are sprayed with pesticides. It’s not healthy and even harmful, but it’s cheap so they are used widely.
We only planted soy bean in meaningful scale after China joined the WTO and became a market for US industrial agriculture. If we want to decouple/de-risk with China, then we should stop planting soy beans. Use the land to plant more valuable crops.
Well, no matter what crops, you can’t deny that China has the most (not any more ) population and the second largest economy to buy these crops. Can you find another alternative market for whatever crops America grows?
Cuando todo empezó a derrumbarse, perdí más de 140.000 dólares. No porque estuviera involucrado en un acalorado intercambio. Porque eso es lo que todos los demás decían, simplemente fui tonto al sostenerlo, y es por eso. Aunque todavía tengo la responsabilidad de mis decisiones, ahora me considero un mejor inversor porque soy más consciente de los posibles peligros. Estuve en el mercado durante más de 3 años antes de darme cuenta de eso. Estoy feliz de haber descubierto una manera de recuperar mi dinero con aproximadamente $10,000 por semana en ganancias. Muchas gracias Stuart Michael
Mi primera inversión en Mr Stuart Michael me dio la confianza que me llevó a invertir sin miedo a perder. Ya llevé a 3 de mis amigos a su guía y se les hizo retirarse.
75% of india is living in abject poverty. As an American business man i am so sad about the level of self delusion and self destructive behavior from both our politicians and the ignorance and racism of our population.After 40 years of American farmers making billions ever year in china to lose their largest market. American political grandstanding staning is becoming self destructive. its not just soy but corn chips and many other American products. We are only 4% of the global population and we need the global market.
Soybean as a protein source provides all essential amino acids, one of the few plant-based sources to do so. It's the perfect replacement for meat if you want to lessen environmental impact.
Soil management seems a key factor. The international calculus in agriculture seems equally complex and essential compared to other equity markets. I would be interested to learn how (or if) advancements in Artificial Intelligence benefit international agriculture.
Stigma ini sebenernya bukan hanya tertanam di Indonesia, tp jg di luar indonesia. Nama lain dari kedelai sendiri adalah "Poor man's meat". Well, sebagai orang yg bijaksana harusnya yg seperti itu bisa diabaikan. Karena banyak julukan baik untuk Soybean juga seperti "Wonder crop", "Boneless meat" dsb
It is crazy that intellect challenged people actually think soybeans are human food. Humans are DESIGNED to eat meat / fish / eggs and sometimes vegetables
Curious what the price of meat would look like if we removed soybean subsidies and wether it would create a more competitive landscape for grass fed production.
Probably not a huge difference, in fact for cattle they only use soy the last three months before they get slaughtered to fatten them up. Otherwise they would be almost 100% grass fed.
In this video they talk about soy beans and what I know it's cheap many things can be made from it high in protein and very popular among the Asian community and these are major factors in quality of life as it leads to a healthy lifestyle
Do you know how to bankrupt a farmer? Nail his mailbox shut so he can't get the government checks. These rich farmers should not get government money. But they get tens of billions every year.
@@beckyumphrey2626 There not rebates. There money the government took from the working class people under threat of prison time. Only to give it to the millionaires like yourself. There's one hell of a uprising coming. Hope you are ready. We are getting really tired of this upward transfer of our money to rich people and forgien countries.
I'm kinda surprised people commented here refers soybean as animal feed. while where I'm come from, people know soybean as the ingredients of our staple food such as tofu and tempeh. 😂
Wkwkwk tbh in Japan, soybean is as just as precious, the japanese consume tofu, natto, soy sauce, miso theyre staple of japanese cuisine and are made of soybean. 😂😂😂
China has over half the world's hog population and needs soybean meal (and corn) to feed those pigs, thus they import huge amounts of beans as animal feed.
The thing is USA has topped out in salary due to US dollar that every other country is cheaper, so no matter what you guys experiment with you can't expect other nations to stay poor, if they can they will export.
Around me all the owners had the farm managers plant soybeans this year. The problem with that is then the market for them bottomed out so all those crops were left in the ground to rot. This is because it wasn't worth the cost to harvest them.
The Midwest of the States is some of the best farmland in the world right up next to eastern Europe. One advantage the US has is a very large navigable river right next to all that farmland which makes transportation really cheap.
Asian men have been eating soy bean and their products for millenials and they are still men, blame your own gov for shutting the mental institution down and let the inmates running around.
krn tiongkok mengurangi beli kedelai dr usa makanya harga kedelai usa turun saya pernah baca bbrp artikel yg isinya ttg para petan kedelai usa yg hrs jualan sendiri hasil panennya ke negara asean krn tiongkok beli punya brasil dan argentina jadi jika bbrp thn lagi hubungan antara tiongkok dan usa tetap buruk kayaknya kita bisa dpt harga kedelai murah dr usa kecuali para petani usa nggak mau lagi menanam kedelai - sptnya itu tdk mungkin krn ada anggaran subsidi kan ternyata lobby kedelai sgt besar dan luas hehehe
She has just gave us a problem to earn a billion dollars in the end....if someone helps them solve this technology problem they could potentially earn a billion dollars
While the subject is interesting, CNBC’s presentation format is not. The show zig zags among many commentators that is disconcerting and irritating. It is difficult to concentrate.
what is the subsidy for this soy biofuel ? without subsidies its not profitable. what was not said is that all soy in us is GMO.. studies on mice are run only for 3 months.. indipendent studies showed after 6 months cancers start to appear
Interestingly, soybeans could face a major competitor, especially with the change in laws in recent years: non-THC infused hemp. Hemp could become a huge commodity for biofuels, and hemp fiber now has a lot more uses than before, especially as a cheaper alternative to resource-intensive manufactured carbon fiber. And hemp plants can grow in much wider climate conditions than soybeans.
So soybeans, a crop that is 97% used for meat production will face ''major competition'' from a crop mainly used for textiles? bruh been hitting the stoogie too hard again.
@@eriksvensson2098 Soybeans are now more and more used in biofuel production. Hemp can be used to make biofuel, and can grow in much wider climatic conditions than soybeans.
This is what sets America apart from your run of the mill banana republic. Instead of collapsing when its biggest customer leaves them, it just develops new tech to absorb excess capacity.
This is why they have now corn products everywhere in their food. Simply because the producers created more demand this way. Keeps the corn producing industry afloat and side effect is only that Americans become fatter and unhealthier. But who cares about people as long there is money to make?!
Soy is used in everything now. You'd be doing yourself a disservice if you don't plant soybeans on your farm. It's used to supplement rotation and production as it is a cash crop worth the time and effort.
Why should I, an asian in Asia purchase soy bean products from the US, when soy and soy bean is a quintessential asian crop that originated in Asia? I'd rather buy them here in Asia and get much fresher ones
Soybeans are one of the most important ingredients for Japanese people as well as rice. But one undeniable fact is that if it is written "GMO" on the label, it won't sell well at least in Japan.
Yup! The stuff nearly killed me. I was bed ridden for three years and the docs couldn’t figure it out. Turns out, I randomly developed a soybean allergy.
My husband and I have been eating soy based products (tofu, veggie meat) for as long as I can remember. We have been 100% vegetarian for 51 years. We both have excellent health. I've never been to the ER, never been hospitalized, never had surgery. I'm 74. My husband is 75. We have no body pain anywhere in the body.
A bushel is a unit of volume commonly used in the United States to measure dry agricultural commodities like soybeans. One bushel of soybeans is equivalent to 60 pounds or approximately 27.22 kilograms.
You the real mvp 🙌🏿 I had no clue what a bushel was lol
oh thank you
Same weight as wheat.
All grain crops measured this way... It's an ancient method
1 bushel is 1.25 cubic feet. Does not matter the crop. Today's soybeans rarely make 60 lb/bu. Usually 58 lbs.
Thousand of years of human crop production .... and we are shocked that crop rotation works?!
People in the news are like children, they know jack diddly about most things in life and are surprised by anything. Those soy reps could have done the detachable thumb trick and the reporter would have been shocked.
😂
@@arthas640 There is a good reason Law school requires a undergraduate degree, otherwise lawyers will just ended up like media people.
@@nathandfox there are some shockingly stupid lawyers out there, I can't imagine how they'd be without the insane education requirements.
finding an alternative market is basically impossible for soybean, because most of them were used to feed pigs, and China consumes nearly half of total pork consumed annually in the world. After 2018, China shift the purchase to south America, causing Brazilian soybean export and production skyrocketing.
my bajongas could solve world peace
Brazil invested heavily in technology and today has the highest yelds in the world. It's not only because of China.
@@palocymasaiothe world wouldn’t mind that
I bought dry textured soybeans to make burger patties. They are cheap, healthy, and taste similar to the real burgers
much better. At least South America and CHina have a relatively good relationship
I like how the US started the trade war, and then claimed China turned away from US.
The US hypocrisy.
Choose your president who can think.
lol
@@gamaigia9270lol biden has continued and escalated the trade war. It's bi-partisan now.
@@gamaigia9270There only 2 Grandpa in US now. 😂
The picture at 1:11 demonstrated a decrease, but that is simply because US imposing tariff on china. Now you are narrating it as if china ‘s fault?
Agree with your point of view
Exactly
Brazil: "Hold my beer". The country invested heavily in technology and today has the highest yelds in the world. It's not only "because of China". Brazil also uses a lot of soy as animal food.
90% of grain production in Brazil is exported to communist China
Brazil also exports lots of meat to China
They did that because they had the china market to export to. It's not to diminish the great achievement by Brazil but, without china to sell to, investing so heavily to grow so much, wouldn't have been economicly viable.
@@nannangao7256 Surprisingly seen meat from brazil here in Sweden, tasty and decent quality.
@@eriksvensson2098 So good. 👍
Brazil really took advantage of the trade situation to scale up this important animal feedstock crop. Brazil is already one of the biggest meat exporters in the world and soybeans help vertically supplement that industry, because of high prices driven by demand from China. Of course that often comes at the expense of the Amazon rainforest.
At 60% of world demand, China is the big swing customer. India doesn't consume much beef or pork for religious reasons both Hindu and Muslim, and chickens doesn't eat that much soybean vs. pigs and cows. And biodiesel isn't a price competitive alternative to fossil fuel without subsidies, and has to be mixed at a low ratio for current engines.
Your knowledge is high.
brazil：Thank you America for what you did
we love that for Brasil
There's a huge demand for soybean oil in India. Almost every household use soybean and mustard oil to cook food .
@@user-yv1xc1nd1zI guess you should thank Donald Trump for that.
I wonder if future farmers will think old farmers were dumb for planting mostly subsidized crops. 🤣
We (younger farmers) already do.
@@Raisesheeplovepeace yep but we're not out of The Barrens yet
Start a trade war with your biggest trading partner. The partner looks for another source of supply. Basic economics - more suppliers than the demand.
To be fair, China should not be supplied by *anyone*. Let the CCP face the consequences of their cruelty.
Cope harder next they will dump your junk bonds.
@@belthesheep3550 How brainwashed are you Americans? Idk where you exist. But I live in a place called planet earth. Here, China is the world's largest trading nation and an extremely important nation that has helped economies worldwide grow and prosper. Now we want to return the favour by helping them prosper.
You can't call a country "your biggest trading partner" and leave it like that when the FBI and NSA have detected hacking breaches coming from the Chinese government at least once a week every week for the last seven years.
@@selohcin you know it works the other way around as well, you don't think the chinese intelligence find the same hacking from the US government? be real
Let's not forget the amount of fuel that goes into growing and processing soybeans into fuel, making them less sustainable and renewable than they are marketed as...
everyone knows that, its just that subsidizing soy and corn keeps farmers happy. these are not small farmers from india or china. They own a lot a of land we cant even imagine. They have a lot of influence
I think the theoretical idea that biofuels is better is that the carbon is cycled through above ground and ideally no petroleum is extracted from mining. The problem is that extending the usability of machines and processes that rely on fuels means that those markets are still trying to grow which means that the world isn't mining less from the ground, only technically less than if they didn't add biofuels. You can't use 20% more fuel and say you're 10% greener because you have a 90-10 blend, you are still detrimental to GHG effect. A transition to renewables and sustainability means that drilling for oil and mining carbon from underground has to stop and in fact reverse to fix what has been done to our planet since the industrial revolution.
Let them take the fuel out of your car ,, you can walk to work :)
@@tilapiadave3234 fine by me I work from home and can take public transit if I have to go to work. The whole point is to change the large amount of people who can accommodate taking the green choice since they outnumber those who cannot. Just because things don't work for you doesn't mean they can't work for others
@@jimysk8er Green choice? love to see the calculations on societal costs when humans "choose" to eat non human food. Recovering Vegans the costs must be astronomical. Ultimately a large part of the answer is less people ,, but nobody agrees with me choosing the ones that must go :)
The US trade war against China has been self-defeating, and there is no end in sight as both parties think the path to success if to contain the inevitable rise of China instead of using that as an opportunity to make the US more competitive. You don't win customer by poking then in the eye every chance you get and then putting your hand out.
China's population will be 500 million in 2100. They have 10 more years before their aging population becomes a regime-toppling crisis. They won't rise, and we shouldn't help them rise.
China is not energy independent nor food independent, 80% of capital is in housing and their population would halve in a century.
US is just making sure that the fall is much harder for xhina.
It’s make all sense, but common sense is something really rare nowadays.
The point of the trade war was to push China to be nice and play by the rules if China decides not to then America would look elsewhere like India. Mexico, and even better to actually make things in America.
@@scottgamble9249 Like the Carter grain embargo on USSR will destroyed the small farmers.
Blame it on the trade war against China started by Trump; it would have been a win win situation since China has a population of 1.4 billion, four times of the US!
4 to 4.5x US population actually
@@k.k.c8670 thank you, just made a correction!
So we should let China do what ever they want?
wonderful idea
Our economy was still better off under Trump even with that hiccup, look at our economy under Biden😂😂😂 we are a laughing stalk
It's the worst edible oil . Everyone should try to avoid it
Thats why food tastes disgusting today
@@Anomize23 and why men can apparently be women now...
Worse than coconut oil?
If it's that good at being a diesel drop in, you shouldn't eat it
Is it edible? lol
Brazil imported 10 times more Chinese vehicles recently. Both sides are happy.
Every crisis has silver lining. Soybean trade disruptions forced countries to develop alternatives supply/uses which is good for diversification.
What? No it's not. The US lost billions and Gained nothing in return.
eh, they mainly just either kept buying American or switched to mainly Brazil. Not really much if any diversification and it's mainly just China making the switch. Trade dispute hurt the US as mentioned so "diversification" wasnt really good for the US and hurt one of the few things that helped balance the trade imbalance between China and the US.
Why not cooperating with china to build a better world? Not just to contain china?
Because China has no interest in being partners with anyone, they want to control and own everything. Don't be so foolish
They are communist.
Politics is evil
China is a corrupt, genocidal dictatorship. China should be contained because they don't want a better world, they want a world where the CCP has absolute power.
You can't play fair with a con man/thief like PR China. The other China, Taiwan, doesn't flood the world market with IP thefts and cheap methamphetamines.
It's lame how u would want to replace soy for food to soy for diesel..US started the trade war... China replied..now US cries
Noone outside Asia eats soy... Why not make fuel out of it, it's a nitrogen fixture and great for crop rotation
they want to avoid having all their beans in one basket but they won't ever consider that you could fill the basket with something else. Diversification needs to happen from the demand side as well as the supply side. The analogy of the basket is also not limited to the consumer, the basket is also the producers portfolio or land if you will. You may be able to sell soybeans to someone else but if something happens and you lose all your soybeans or if nobody wants soybeans then you're out of luck unless the government bails you out.
LOL, you underestimate farmers who are usually a step ahead.
But the government will bail them out. As the report said, Trump bailed out the farmers when China stopped buying soy. Perhaps if the farmers were allowed to get a bloody nose once in a while they'd be more keen on diversifying the crops they grow so they aren't as exposed to the bottom falling out of the market for one product.
@@user-fm6ns5nb4j totally in agreement. I'm all for making sure people stay alive if some disaster happens to their source of income but buying out all their crops is excessive
@@user-fm6ns5nb4j : Farmers already do that, only a fool would not know that.
What was the U.S rationale behind a trade war with china?
Then subsidize those same farmers hurt by it?
What was reason and subsequent outcome for this act?
Ask trump, lol
It all started with replacing Hongkong's government.
both sides agree with deglobalization@@inothome
Rump had no idea what he was doing.
@@DG-hw8it First, Hongkong is part of China
Second, what right did USA has to intervene with other country domestic??
Soy is bad for you. Also as a farmer I can tell you we grow soy and export the crop out. We don't consume much soy. This new organization has an agenda.
Why does US pick a fight with the largest market for agriculture while the farmers were supporting the fight? Make you think that most farmers are not thinking clearly. Or maybe they are extremely smart because at the end of the day, the most cash comes in the mail through government handouts.
No idea but I think many US industries believe that insulting your customers is the best way to keep your customers. Looks at Disney, Gillette, Budweiser, etc. it’s not just China in this case.
Same do with Australia.
you're assuming the farmers lead the trade war when that was mainly Trump, and he did so mainly for political rather than economic reasons. Even if Trumps actions went according to plan he'd mainly have helped American _manufacturing_ rather than farming, and that benefit would still have largely been at the expense of agriculture. Those subsidies werent profitable either, farmers planted the crops and then couldnt harvest them because it wouldnt have been profitable so the "government handouts" were more of a consolation for the loss of business which in this case makes sense since it was the government doing the damage, not the farmers.
So no talk on Monsanto's GMO stranglehold on the soybean market?
Monsanto went out of business 5 years ago, June 7, 2018. Find a new boogeyman.
@@ktrocknerd Fine, Bayer the company that bought Monsanto, all it's patents and products aka GMO soybeans, and pretty much does the same thing they do. Good enough boogeyman for you?
@@ktrocknerdLow IQ comment
Sounds like as Americans we tanked our own soy bean farmers and allowed Brazil to come in take up our marketshare.
That’s what happens with a trade war done on a whim without skilled planning.
And then Brazil, who China relied on to so us what for during said trade war, had a severe drought and couldn't meet demands, a good chuckle I say
what waa not mentioned was that China also suffered a huge pork price spike that made it almost unaffordable, ration stamps were handed out. It's nor US lost or China won, both lost.
you only have yourselves to blame, Yankee
@@xiphoid2011that pork price change in China was temporary… it went so low after that period, the price is normal now.
5:37 whilst the trade sanctions would have an effect on soybean exports to China, one should look at the bigger picture. It'd also be interesting to investigate the subsequent rise from 2019 then on
Shift the production to rice. Consumption is still increasing while production is almost max out.
Underground aquafers are slowly disappearing according to USDA. In the future farmers will not be able to use irrigation when a drought occurs.
Is it environmenttal friendly？
chemical is american farmer second best friend, government hand out is their best friend. @@user-yv1xc1nd1z
we need nuke plants,desalisation plants, and water pipelines from the west and gulf coasts to supply the west and southwestern states. no carbon and massive amounts of cheap electricity with modern nukes. simple solution our useless gov should be implementing yesterday. instead they are all about control.
They don't care, it's all about how much you can exploit the land today for a dollar. Then when it dries up they will look for more government handouts.
Say thank you for oil and gas fracking packing industry.
The smartest thing my family did was to remove modern soybeans, corn, wheat, and sugar from our dietary food chain. No beef, no dairy, no chicken, and no eggs that are commercially produced. It saves a lot of money. We grow food and raise chickens, goats, and turkeys.
It’s funny these farmers will rail against the threat of communism or socialism but gladly accept government money for their failed crops.
They know if you have socialism for themselves they can have more socialism
More like hypocritical. Bunch of fair weather free marketers.
This explains the push of plant-based meats. Got a surplus of product and you need to move it. Much like the daily special at your local restaurant...
As someone who gets migraines from the tiniest lick of soy, you can imagine it's been rough navigating the last four years as every food has been adding it in one at a time.
It can be difficult to find soy free products
Yes, EVERYTHING has soybean oil as an ingredient now, and I'm allergic. Most mayonnaise today is basically just soybean oil and salt! I had to buy a vegan mayonnaise because it was the only kind which didn't have soybean oil!
@@P23ABQtry doing what I did. I stopped eating Mayo all together.
@@Dudecifer-It’s easy to make! Try making your own using a better quality oil.
That must be terribly difficult for you. Pretty much have to avoid every “food” that comes in a box.
can you do a net positive energy production if you use fuel produced from soy to farm the soy in the first place? this sounds sketchy to use soy as a biofuel alternative. Same concept apply to subsidies, you can't be profitable if you can't produce what you consume.
That is capitalism. Energy is not meant to be efficient but rather to make profit. Also subsidies are an industry norm in the agriculture sector. Most farmers in the US would quit farming without a helping hand from Uncle Sam.
In case you don’t know, the sun adds lots of energy thru photosynthesis
Soy beans are also grown to reduce nitrogen fertilizer.
I drink soy milk every day. I also have edamame in the freezer for a quick snack. I love soy.
I drink soy sauce everyday too, yum yum
check your hormones
@@GOorganics hormones in soybean are at very very low effective rate in our body
@@shadowmistress999 Could still pose dangers for males if consumed daily*
This is the opposite of what the human body was made to eat. Get meat, bone broth and offal.
They were saying that the average production went from 31 to 51 bushels but that’s it’s actually a lot more than that most of the time. That is impossible. The average is the average that means that if you take all of the output and divided by all of the acres that’s the average.of course if it was a median, she would be blatantly incorrect given the definition of the term, but the mean basically means that you could not have most of the observations, the drastically higher than the average.
I think she meant to say the 'typical' farmer will see production that averages 51 bushels per acre, but some farms do better than this. You point is taken, though: average means average.
Los estadounidense desayunan pensando en China, almuerzan pensando en China, cenan pensando en China y se acuestan pensando en China.
Por Dios chino los va a poner colos 😂😂
😄
Like a jealous obsessed ex.
I remember being in school in the early 90's and people were going crazy for soybeans.
It is actually a very good source of non animal protein and calcium. Highly nutritious. It is just that Westerners don't know how to cook or consume it much but Asia, particular East Asia has a long history of consuming it. Now they want people to eat lab meat and insects. Given those, I would much rather eat soya beans!
Comment removed for no reason?😡
@s._3560 Soy has been shown to hurt male testosterone. Why consume it?
High protein, short growing season, lower inputs, they improve soil quality and easy to sell on the international market.
Corn and soy beans aren’t helpful when grown so much and monoculture. Need more veggies and hemp grown by farmers
They also destroy your health. Perfect for FDA profiteers. Make money on food sales, make money on sick people. Win, win for the elite.
And big business for agrotech companies ( GMO, herbicides, fertilizers ).
4.3 billion soy bean bushels amount to 117 billion kilograms or 117 million tons of beans being exported in one year. That is crazy!
How much of the soybean farms are owned by the CCP Chinese companies?
2:50. It is mathematically impossible to have your yield “most of times much higher” than the average.
Most of the time it can be higher when the alternative is typically zero production, in turn acting as an outlier that drastically pulls down the average - hopefully that makes sense
@@firesalamander100 Just for fun, I am posting an illustrative example: We can look at a sample of the five numbers 6, 6, 6, 4, and 3. The mean average of the numbers is 5. Most of the numbers (three out of five) are higher than the average.
It depends on if some very low yield years (maybe due to inclement weather) pull down the overall average.
If three of my farms average 66bpa and I have a farm average 25bpa all of a sudden my average is going to be a lot less than 66bpa per say.
Love that you conveniently forgot to mention the MOST important fact that bleached oils, protein byproducts, and modified sugars derived from Corn and Soy are some of the most harmful foods known to man. We're slowly killing ourselves and future generations by making them even cheaper than they already are.
Support your organic grass-fed / pasture-raised farms and virgin olive / coconut oil producers. Healthy food is worth the price.
I try to avoid soy bean and any of its products as much as possible because over 90% are sprayed with pesticides. It’s not healthy and even harmful, but it’s cheap so they are used widely.
Soybeans aren't even close to being the worst in terms of pesticide.
@@patrickbateman1660 They are still bad.
Only youre eating organic products whatever you ate is blenched in pestiside.
Wheat is the most dangerous!
It's not dangerous, but it is bad for the environment.
Never head someone call Missouri “Missouruh” 😆
@@jasonanderson8265Yeah former long haul trucker here.
I can confirm that pronunciation is unique to Missouri.
@@kenm4898 it’s interesting! I researched a bit and saw the dialect is common there, the more you know!
lived there ? every day...
So, someone doesn't talk the exact same way you do. You still knew what they meant, right?
@@martinc.720 wasn’t saying it was a bad thing, I found in interesting that I wasn’t aware of this dialect!
Love how they changed the name of this video 😂 it had an original title that said something like “U.S. farmers dependent on China for soy sales.”
Noooo thanks. Ill pass on soy
We only planted soy bean in meaningful scale after China joined the WTO and became a market for US industrial agriculture. If we want to decouple/de-risk with China, then we should stop planting soy beans. Use the land to plant more valuable crops.
Name one. Oh you can’t. Because Soy is a valuable crop. It’s just that American politics turned away American Soy industry’s biggest customer. 🤦♂️
More valuable crops greater manual input requiring more labor. Where in the US will you find more farm labor?
Well, no matter what crops, you can’t deny that China has the most (not any more ) population and the second largest economy to buy these crops. Can you find another alternative market for whatever crops America grows?
it gotta be valuable and also nitrogen the land back as soy do.
If it was valuable, soy wouldn’t have replaced it
Cuando todo empezó a derrumbarse, perdí más de 140.000 dólares. No porque estuviera involucrado en un acalorado intercambio. Porque eso es lo que todos los demás decían, simplemente fui tonto al sostenerlo, y es por eso. Aunque todavía tengo la responsabilidad de mis decisiones, ahora me considero un mejor inversor porque soy más consciente de los posibles peligros. Estuve en el mercado durante más de 3 años antes de darme cuenta de eso. Estoy feliz de haber descubierto una manera de recuperar mi dinero con aproximadamente $10,000 por semana en ganancias. Muchas gracias Stuart Michael
Mi primera inversión en Mr Stuart Michael me dio la confianza que me llevó a invertir sin miedo a perder. Ya llevé a 3 de mis amigos a su guía y se les hizo retirarse.
@Investuarstmichael ESTE ES TU NOMBRE DE USUARIO 💯.. ✍✍Gracias
en telegrama
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十𝟒𝟒𝟕448268213👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾✴✴
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whtsapp
4:42 that explains water diversion or using public land to feed your cattle.
75% of india is living in abject poverty. As an American business man i am so sad about the level of self delusion and self destructive behavior from both our politicians and the ignorance and racism of our population.After 40 years of American farmers making billions ever year in china to lose their largest market. American political grandstanding staning is becoming self destructive. its not just soy but corn chips and many other American products. We are only 4% of the global population and we need the global market.
Kudos to Brazil
Soybean as a protein source provides all essential amino acids, one of the few plant-based sources to do so. It's the perfect replacement for meat if you want to lessen environmental impact.
lol
False, for one thing it's insufficient in methionine.
And false monocrop agriculture is 10 times worse than animal agriculture for the environment. Use your brain
Soil management seems a key factor. The international calculus in agriculture seems equally complex and essential compared to other equity markets. I would be interested to learn how (or if) advancements in Artificial Intelligence benefit international agriculture.
Stigma ini sebenernya bukan hanya tertanam di Indonesia, tp jg di luar indonesia. Nama lain dari kedelai sendiri adalah "Poor man's meat".
Well, sebagai orang yg bijaksana harusnya yg seperti itu bisa diabaikan. Karena banyak julukan baik untuk Soybean juga seperti "Wonder crop", "Boneless meat" dsb
i cant tell you how healthy i have been forced to become when developing a strong soy allergy at age 40 :(
Same. It’s in literally every packaged food.
It’s crazy how we could just farm food-grade soybeans instead of feed-grade and then be able to feed ourselves many times over
But any alternative to meat is literally COMMUNISM!
It is crazy that intellect challenged people actually think soybeans are human food. Humans are DESIGNED to eat meat / fish / eggs and sometimes vegetables
bro who wants to eat nothing but soy 24/7 are you slow?
bruh soy makes you shorter and stunts your growth if you eat it as a kid.
@@BigCrocano need to eat soybeans 24/7, that would be silly. Just more meat substitutes made from soybeans!
Curious what the price of meat would look like if we removed soybean subsidies and wether it would create a more competitive landscape for grass fed production.
Probably not a huge difference, in fact for cattle they only use soy the last three months before they get slaughtered to fatten them up. Otherwise they would be almost 100% grass fed.
In this video they talk about soy beans and what I know it's cheap many things can be made from it high in protein and very popular among the Asian community and these are major factors in quality of life as it leads to a healthy lifestyle
Asians don't eat soy like americans do, they eat it in a fermented form which is healthier, but soy in general is not a healthy food lol
Soybeans is the new gold rush. The market is huge.
what's the ratio of winners to losers from the old gold rush
This is nothing compared to the size of US economy, obsession is really not the word.
True.
The US economy is as made up as the Chinese
"bite the hand that feeds you" comes to mind when I watch this video
The only problem here was to bully the market. The demand eventually found the supplier from Brazil. But American product got stucked.
Conservatives using "soy boy" as an insult for liberals. Also conservatives growing soy beans.
No hypocrisy there. If you're surrounded by morons who want more of your products, why dissuade them?
Do you know how to bankrupt a farmer? Nail his mailbox shut so he can't get the government checks. These rich farmers should not get government money. But they get tens of billions every year.
You have no idea what you're talking about.
We have an 8000 acre farm in Iowa and love the government rebates.
@@beckyumphrey2626 There not rebates. There money the government took from the working class people under threat of prison time. Only to give it to the millionaires like yourself. There's one hell of a uprising coming. Hope you are ready. We are getting really tired of this upward transfer of our money to rich people and forgien countries.
Yay! All the highly processed food for the big food corporations in the making
No one shouting forest distruction? Typical
I'm kinda surprised people commented here refers soybean as animal feed. while where I'm come from, people know soybean as the ingredients of our staple food such as tofu and tempeh. 😂
Which is why you're all so effinate eating all that estrogen!
Wkwkwk tbh in Japan, soybean is as just as precious, the japanese consume tofu, natto, soy sauce, miso theyre staple of japanese cuisine and are made of soybean. 😂😂😂
China has over half the world's hog population and needs soybean meal (and corn) to feed those pigs, thus they import huge amounts of beans as animal feed.
Fry a burger made with soy sometime, it smells like burning weeds. And tastes the same.
Soybeans can be made into flour for making soya bread 🍞🥖 or some sort of daily staple food... It's like printing your own money....soya beans farming.
The thing is USA has topped out in salary due to US dollar that every other country is cheaper, so no matter what you guys experiment with you can't expect other nations to stay poor, if they can they will export.
Missouri its in the middle of the country too 😂
Rather close to a sizable river and relatively cheap barge transport as well.
If every American consumed soy milk for breakfast, edamame for snacks and tofu once a week your soy surplus would disappear
Then you will generate soy boys.
@@ajmaeenmahtab8456you mean asians?
Most soy is used for livestock so if they consume less meat and dairy then soy surplus will get much bigger
Indonesia needs plenty of soybeans for food like 'tempeh'
I see tempeh I click like
Around me all the owners had the farm managers plant soybeans this year. The problem with that is then the market for them bottomed out so all those crops were left in the ground to rot. This is because it wasn't worth the cost to harvest them.
Here’s a crazy idea, grow people food instead of animal food
People will do anything but go vegan
LOL you win comment of the month.
Meat addiction is a real thing. People just don’t like to admit it.
Will this mean Americans will start to love TOFU??
Never, but it's better than eating bug's.
I hope you Americans eat more genetically modified tofu😂
I bought dry textured soybeans to make burger patties. They are cheap, healthy, and taste similar to the real burgers
@@vegikid100 And they are full of poison sprayed on them by the farmer. No wonder we have so many health problems.
Imitation meats are also made of soy that taste better than tofu
మంచి సందేశం
It’s also used to make plastic and manufactured into structural goods
The Midwest of the States is some of the best farmland in the world right up next to eastern Europe. One advantage the US has is a very large navigable river right next to all that farmland which makes transportation really cheap.
Soy messes with men
Asian men have been eating soy bean and their products for millenials and they are still men, blame your own gov for shutting the mental institution down and let the inmates running around.
That’s a myth, go do some research
@@kathlyn5807I did. It's not a myth.
Thanks to my country Indonesia. We imported soybean from you to make Tempe.
Mmmmmmmh! GMO Tempeh - yummy!
krn tiongkok mengurangi beli kedelai dr usa makanya harga kedelai usa turun
saya pernah baca bbrp artikel yg isinya ttg para petan kedelai usa yg hrs jualan sendiri hasil panennya ke negara asean krn tiongkok beli punya brasil dan argentina
jadi jika bbrp thn lagi hubungan antara tiongkok dan usa tetap buruk kayaknya kita bisa dpt harga kedelai murah dr usa
kecuali para petani usa nggak mau lagi menanam kedelai - sptnya itu tdk mungkin krn ada anggaran subsidi kan
ternyata lobby kedelai sgt besar dan luas hehehe
She has just gave us a problem to earn a billion dollars in the end....if someone helps them solve this technology problem they could potentially earn a billion dollars
Indians dnt use much of soya beans
WTF is bushel, please use real metrics like ton, kg, etc..
Did you seriously just say this to a US based channel? LOL.
US crops are measured in bushels. A bushel of soybeans weighs 60 lbs.
1 bushel = 27,22 kg (aprox.)
Bushel is measuring volume not weight, hence the difference. That said, a bushel of soybeans weighs about 27.22 kilos.
Atlas Shrugged anyone??
US has over capacity and provides heavy subsidies for its soybean production
I try to avoid food that has soy
While the subject is interesting, CNBC’s presentation format is not. The show zig zags among many commentators that is disconcerting and irritating. It is difficult to concentrate.
No issue with subsidizing the agricultural industry here -- it's a very volatile industry and that keeps us FED.
what is the subsidy for this soy biofuel ? without subsidies its not profitable. what was not said is that all soy in us is GMO.. studies on mice are run only for 3 months.. indipendent studies showed after 6 months cancers start to appear
So you are telling me that a non GMO soybean, exposed to UV rays from the sun all summer, at the end of the harvest never developed some mutations?
The majority are gmo but not all. There's also literally 0 evidence of gmos causing cancer.
GMO fear mongering? Bro is in 2007. GMO are good. All of out food is GMO. Only difference is some took hundreds of years.
Interestingly, soybeans could face a major competitor, especially with the change in laws in recent years: non-THC infused hemp. Hemp could become a huge commodity for biofuels, and hemp fiber now has a lot more uses than before, especially as a cheaper alternative to resource-intensive manufactured carbon fiber. And hemp plants can grow in much wider climate conditions than soybeans.
Soybeans are here to stay due to the soil benefits.
So soybeans, a crop that is 97% used for meat production will face ''major competition'' from a crop mainly used for textiles? bruh been hitting the stoogie too hard again.
Hemp will make Soybeans, meh 👀
@@eriksvensson2098 ikr 🤣
@@eriksvensson2098 Soybeans are now more and more used in biofuel production. Hemp can be used to make biofuel, and can grow in much wider climatic conditions than soybeans.
This is what sets America apart from your run of the mill banana republic. Instead of collapsing when its biggest customer leaves them, it just develops new tech to absorb excess capacity.
This is why they have now corn products everywhere in their food. Simply because the producers created more demand this way.
Keeps the corn producing industry afloat and side effect is only that Americans become fatter and unhealthier. But who cares about people as long there is money to make?!
Yeah right. 😂😂😂
It's like printing your own money...Soy 🫛 Beans farming...
What do you think all these plant-based meat or made out of back in the day we called them soy bean burgers
And causes inflammation, avoid soy
LESS FILLING, TASTES GREAT
Yeah it's the vegetarians of course. 🤦♂️ They even said it in the video, most of it goes to feed livestock.
China china china...😂😂😂😂
😄
How do you split it? Using the most explosive chemical?
Deforestation near Mississippi due to soy crops and then asks why there's no water??? Damn!
Soy is used in everything now. You'd be doing yourself a disservice if you don't plant soybeans on your farm. It's used to supplement rotation and production as it is a cash crop worth the time and effort.
Too bad it's full of estrogen :(
Why should I, an asian in Asia purchase soy bean products from the US, when soy and soy bean is a quintessential asian crop that originated in Asia? I'd rather buy them here in Asia and get much fresher ones
Here in SEA, the local one is more smaller and the harvest is not enough to meeting the demand.
The same people that are criticizing China buying farms and everything...... Why are you selling to China?
Soybeans are one of the most important ingredients for Japanese people as well as rice. But one undeniable fact is that if it is written "GMO" on the label, it won't sell well at least in Japan.
Corn and soybean are the worse when it comes to health compared to the alternatives
Yup! The stuff nearly killed me. I was bed ridden for three years and the docs couldn’t figure it out. Turns out, I randomly developed a soybean allergy.
My husband and I have been eating soy based products (tofu, veggie meat) for as long as I can remember. We have been 100% vegetarian for 51 years. We both have excellent health. I've never been to the ER, never been hospitalized, never had surgery. I'm 74. My husband is 75. We have no body pain anywhere in the body.
Soy beans (beans in general but particularly soy beans) are known to be remarkably nutritious across a ton of metrics
@@ImBalance Fermented soy beans from japan vs glyphosate soy beans from the us are 2 different things.
@@NomadicJulien Glyphosate is a pesticide farmers may use in non-organics, not a nutritional feature of soybeans?