May 8, 2019

U.S. farmers are stuck in a bad version of "Groundhog Day"

Data: Macrotrends; Chart: Axios Visuals

Soybean prices on Tuesday fell to their lowest since July, when farmers saw the lowest prices since 2008. Prices have again nosedived after President Trump reignited the trade war with China, saying he would impose 25% tariffs on Chinese goods. China is expected to respond in kind.

The big picture: Soybeans had already seen significant stockpiling after last year's trade war flare-up and are now facing the spread of African swine flu and rainy weather across much of the U.S.

Farmers are getting hit on multiple fronts, Scott Irwin, an agricultural economist at the University of Illinois in Urbana-Champaign, told Bloomberg.

  • It's "like a bad version of the movie 'Groundhog Day' for the U.S. farmer," he said.

Go deeper: Trump's China trade war forces U.S. soybeans to take costly detour

Go deeper

Bernie's path to the presidency

Sen. Bernie Sanders speaks yesterday during a rally at Houston University. Photo: Mark Felix/AFP via Getty Images

Lots of Democrats are in full panic that Bernie Sanders will win the nomination and get clobbered in the general election — and bring the party down, too. But the evidence, particularly the polling, doesn't back those doomsday warnings.

Why it matters: Virtually every national and swing state poll shows Sanders tied with or beating President Trump.  And, unlike every rival, he has a huge base of fervent, unshakable supporters he can only grow.

These swing voters don't like Trump’s environmental rollbacks

Illustration: Sarah Grillo/Axios

Swing voters in four battleground states decisively oppose President Trump’s sweeping rollbacks of environmental regulations — but it’s unlikely to sway their votes.

Why it matters: It’s voters living in states like these, including Florida and Pennsylvania, who fill pivotal roles electing America’s presidents, so we should listen.

Focus group: What some Florida swing voters think of Bloomberg

Illustration: Aïda Amer/Axios. Photo: Chesnot/Getty Contributor

PORT ST. LUCIE, Fla. — Some swing voters here are unbothered by the way Michael Bloomberg is spending heaps of his own money to help him win the race — but they're split over whether they'd actually vote for the New York billionaire over President Trump.

Why it matters: Bloomberg is the only Democrat who was even slightly intriguing to these voters. They're happy with Trump and don't feel like they recognize the current Democratic Party relative to when they voted for Barack Obama.