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Fontanelle, IA | No, you need to think, son.
If the Chinese and USA importers were anticipating a tariff spat, the importers would prebuy and the manufacturers would run their plants hard in a production campaign to crank out as much chit as possible to beat the tariff cutoff. This is no different than beverage companies prepping for summer and their distributors pre-building inventory ahead of the warm start to a summer.
Alas, though, you just said that metal demand was down….. what does that mean? You use copper for electrical…. It is a economic activity measure. Metal/ rebar = building. It means that their domestic economy is still sucking wind even before the tariffs went into effect.
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So long soybeans
