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NW Indiana | Ultimately China likely doesn't need more than 25mmt of beans, they probably don't even need that much. The only way they would buy more would be reducing purchases from Brazil and that is a much tougher negotiation. Sounds like Tiawan is going to be the big bargaining chip for economics which would include soybeans and I don't see any movement on that happening anytime soon. | |
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China and Beans