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Buxton ND | Tiger I don't wanna be a smart here but demand has not rose. Just last week bean exports SALES were poor at 6.8 mb......
DTN called the report neutral to bullish,bullish because of shipments were 64.33 but this is a SALES report NOT inspections.............Reports still on DTN
6.8 mb is a VERY BEARISH # compared to the sales from this summer. SO why only 6.8 mb Because the China CANCELEDDDDDD 500 mt of beans......
2 week ago same exports sales report,again DTN call it bullish,,,, but there was 330 tmt switched from CHINA to Thailand and Taiwan.....So that make 830 tmt of beans that China "was thought" to have bought this summer drive prices higher.....
IMO this is what got the ball rolling down hill to start in beans,,,But this info above sure DID NOT make the news head-lines like it did when "CHINA BOUGHT THEM" it did ? ? ?
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China is the winner
