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| True, I really did not directly answer your question. But I don’t think you are recognizing China’s end game. They have for decades been investing in South American infrastructures. Their goal is to not buy any beans from the United States. Brazil has not sold down to pipeline supplies yet this year, so china keeps buying from them. We may be priced about $15/mt less (and shipping differences might shrink the difference to about $10), so it’s close enough that they would rather support where their long term goals are ( and recent investment).
But I would also bet if US beans were $50-75/mt less than SA, that might get their attention. But I don’t think that is the road we want to take just so we can champion some export to China number. | |
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And here lies the problem
