Posted 2/1/2019 15:41 (#7290630) Subject: So, China buys 5 MMT and ....
China buys 5 MMT and March beans end up 2 cents, Nov. beans up a penny.
So what's that telling us? Did the market already have the purchase factored in?
Or, given that last year, Chinese bought 27+ MMT and this year we're only 8.5 MMT so far, the market thinks 5 MMT just isn't anywhere near enough?
Or, the market is suspicious that without a trade deal, China can cancel just as fast?
So, China buys 5 MMT and ....
