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Re: JD reports six straight quarter of lower earnings


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Posted by elton fancher on May 17, 2019 at 16:48:41 from (64.130.164.71):

In Reply to: JD reports six straight quarter of lower earnings posted by Bruce from Can. on May 17, 2019 at 07:14:41:

I don't think JD will hurt that badly, as a global corporation. Last report on RFD tv, about a week ago, stated that China, from sept. to the present had bought 12% of the soybeans from the same period year before. Also said US sales to foreign markets for beans were down about 36%, I know the numbers are always sketchy but I don't think there is any way that they could be down 70 plus. But many other farm products are seeing some export downturn. China has made it through a season without US beans. They may well be able to continue. It took decades to develope those markets. But lost in a short period. Now for those folks thinking China has to make a deal. Why would they knucle under to someone that they, and much of the world now views as an unreliable trading partner? I understand what many see as the long term benefit, or revenge on China, but could be American farmers will continue needing bailout money, should it continue to be available.


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