US farmers are increasing pressure on trump

Us farmers are increasing pressure on trump in order to accelerate the signing of the agreement with China and the increased use of biofuels in the country, which would increase the price of soybeans and corn.

After the August escalation of tension in relations with China, in September, trump announced the postponement of the introduction of import duties on Chinese goods in exchange for a promise to increase purchases of U.S. soybeans and pork.

Recently, China announced that it will exclude U.S. soybeans, pork and other agricultural products from list of products subject to penalty duties, and on Thursday announced the agreement with Chinese companies to accelerate the purchase of these goods in the United States on the eve of the October negotiations.

IN 2018/19 MG export foodstuffs and agricultural products from the U.S. to China decreased compared to the previous season by 50% or $ 10 billion. The exports of oilseeds, particularly soybeans, have fallen by 65% or $ 7 billion.

Recently, trump has promised to take measures to increase the mandate to use biofuels in 2020. However, oil companies are not interested in this and lobby for benefits for their own production.

the U.S. biofuel producers said the lack of support for the biofuel industry will lead to the bankruptcy of a large number of processors, which will drop the price of soybeans and corn.

the price of ethanol fell to 0.2 $/gallon within two weeks after the announcement of the Agency for environmental protection of dismissal 31 refineries bound by the blending of ethanol or purchase credits compliance through the RIN renewable fuel standard.

Almost 40% of the US corn processed into ethanol, which is blended with petrol and sold as a fuel E10 and E15, whereas U.S. producers of soy are dependent on RFS, to ensure that the demand for biodiesel.

shutdown of factories for the production of biodiesel will further increase the dependence of farmers from the export, in addition, they will have to increase the cost of shipping soybeans and corn to ports.

Association of farmers and biofuel producers said that if in 2016, they supported trump in an election, in 2020, will bring him to justice and will affect the next vote.