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| Regardless of how you think or feel, China is by far our largest customer for beans. Their purchases this year are within a few % points of last year.
It is also the end of march, which coincides with SA harvest being in full swing. Brazil has never had storage infrastructure capable of storing their crop for very long. Being it's harvest time, they are the most economically priced beans now, as getting them on a ship is the best way to 'store' them. If you want to sell beans to China year round, are you ready to sell at a price lower than gut-slot SA harvest price? Commodities always gravitate towards the lowest COP. Are you ready to race Brazil to the bottom? | |
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This upsets me
