Due to the trade war, American soybeans are losing their biggest buyer, China. September is the time for the American soybean harvest, and throughout the summer, farmers hoped that the Trump administration and China would reach a trade agreement to lower tariffs on American agricultural products in China, but so far, this hope has not been realized.

It's impossible to buy American soybeans in the short term, because Argentina just used some borrowed dollars to sell its soybeans without export taxes to China, plugging the foreign exchange hole at the last minute and appeasing the Argentine farmers, of course, this situation forced the U.S. Agriculture Secretary Brooke Lohr to send a text message to Bensons calling him an idiot.

The most interesting thing is that Bensons' mobile phone messages were also photographed by Associated Press journalists. Bensons' sister-in-law, who is estimated to be about to step into the ring again, should suggest that the agriculture minister should consult the director of the Federal Management Affairs Bureau about some martial arts. Musk need not ask, as Bensons' underling was defeated by the sister-in-law. Finally, it's still advisable to remind all American politicians to use privacy film instead of tempered glass film, it's too embarrassing. Fortunately, it's not a U.S. national secret, otherwise it would involve a leak of secrets.

The content of the message roughly reads: Argentina is selling soybeans at low prices to capture the market share of the United States. It uses the 2 billion dollars in aid from the United States to the country, using these funds to subsidize the local agriculture of Argentina (by removing the export tax), which is equivalent to using the money of the United States to subsidize the soybeans of China. This will kill the American agriculture, causing the American soybeans to go bankrupt directly, leading to unemployment among American farmers, and making the U.S. very passive in the Sino-U.S. soybean negotiations. Bensons, you're an idiot. (Are you an idiot or was the last paragraph specifically sent?)

Of course, Argentina is also helpless. The economic reform of Milei has actually failed, and now Argentina has a deficit of more than 10 billion dollars every year. Milei cannot reform internally, his own party has started to rebel, and he has touched the deep interests. Now he is alone, and urgently needs to get foreign exchange to buy Chinese industrial products. If it weren't for Trump's help, Milei would have been in trouble.

The global soybean market is so small, with only one core buyer. Every year, more than 20 million tons of soybeans are thrown away. Unlike other grain crops, which can be stored and become more valuable as they dry (new crops save fuel costs for drying towers), soybeans lose their value when moisture evaporates. They can't be stored and can only be used for fertilizing fields.

Since Argentina has sold all its soybeans, naturally, American soybeans can't be sold. In order to protect American farmers, the Agriculture Minister must face off against the sister-in-law. I believe the Agriculture Minister can win.

Original article: https://www.toutiao.com/article/7555901450983948819/

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