Posted 7/12/2018 18:18 (#6866112 - in reply to #6865894) Subject: RE: You left out the words..state reserves.
Most likely they will put their domestically produced beans some 22 MMT into state reserves aka government stockpile.
But have you taken a look at how many beans Brazil has exported. I'll bet it's way more than the 7 MMT expected by WASDE. They only took 27 MMT from us this past year. I bet they will need less than 20 MMT, if any, come Jan.
Then there's this news from China.
