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[–] 32 points 1 year ago (10 children)

I'm hoping that the soybean situation means that there will be more domestic tofu products available to low-income families.

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  • [–] 37 points 1 year ago* (2 children)

    I can imagine somewhere a RAM driving, gun toting MAGA, eating nothing but 'woke' tofu through great depression conditions and blaming it on the left.

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  • [–] 13 points 1 year ago (3 children)

    We export, the facilities to process soy into tofu and other products probably don't have capacity to deal with the excess.

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  • [–] 8 points 1 year ago

    Soybean futures retreated to around $10.40 per bushel, pressured by uncertainty over Chinese demand. In anticipation of a potentially prolonged trade dispute, China is building a record-high soybean inventory, which is curbing its purchasing intentions for new US soybeans for the 2025/26 marketing year. Chinese soybean imports rose to 1.15 million tons in the first two weeks of September, up 140,000 tons from the prior period and 260,000 tons above the three-year average, but the majority of these imports came from Brazil.

    https://tradingeconomics.com/commodity/soybeans

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