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Buxton ND | Cant remember about dumping reserves but are you talking about 2004 or 2012-13 ? ? ?
Same play book different year.........HISTORY REPEATING ITSELF GENTLEMEN.
Why didn't I store ANY corn or beans,re-read the ABOVE STATEMENT.
One thing that has played out,last summers many sales to UN-known. Many thought that is China is buying so much beans,well there be enough to go around for other counties ? After it was all said and done many of those UN-known sale were NOT China but other countries. So yes we did have enough beans to go around...
Now "both strategies.. effectively cool market "
Now in the last 2 years,how much new land has been cleared in Brazil because of this MEGA BEAN PRICE ???
OK beans go to $9 next year,(((next year is quicker then you think in SA))) Are those Brazilian farmers gonna say OH DARN,we missed the boat,we're just going to that that land grow back into tree's and brush ???HIGHLY UNLIKELY and remember that's not 15k prime Iowa dirt north of I-80
Did they miss the boat,or do they ALL READY have some sold,hedge pressure doesn't just come from north of I-80........... I could go on and on if you like,but bottom line here is IMO the spec money is looking at something OTHER THEN down a 6inch PCV pipe looking at a cob of #2 yellow corn north of I-80...................
Yes I was picking on the north I-80 guys,,,,,but I think you get my point | |
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China's tactics
