Soybeans. Who gives a snot about soybeans? Anybody that uses a lot of soy sauce and eats a lot tofu does.
The price of soybeans dropped sharply on the news that China canceled some its contracts to buy American soybeans. China canceled its purchase of 192,400 tonnes of U.S. soybeans set for shipment for this year.
Hmmm. I wonder if this has any connection to the U.S. State Department calling the Chinese government some pretty ugly names?
More on this topic
(What's this?)
Top ten reasons you know China has a financial bubble on its hands
(naked capitalism, 3/24/10)
Capitalize on China’s Growth with these dividend stocks
(Dividend Growth Investor, 3/10/10)
China Joins Copenhagen: “Best Ways to Profit” (Hsu)
(Stock Gumshoe, 3/18/10)
Andy Xie on China’s Empty Apartments
(naked capitalism, 8/4/10)
Related Posts
- China’s soybean buying binge (12/14/09)
- A bubble in Chinese property prices? (08/27/09)
- Electricity prices rise in China (11/19/09)
- Sales fall at Infosys…but at as bad as expected (01/12/10)
- Iron ore imports fall 30% to China (11/11/09)
{ 0 comments… add one now }