|
NW IN | So let me get this right...for the first time in grain history, lower prices will lead to lower demand??? Huh...I never made the connection.
The way I see it is the pie has not shrunk anywhere. Maybe the slices shift around, but the pie is still the pie. IMHO, beans will still leave, albeit maybe under someone else's flag, but I'll bet the beans still end up in Shanghai. Do the math...China has LOTS of ag interests in Argentina and Brazil. An Argentine vessel loads in New Orleans, passes the Panama Canal, offloads in Shanghai.
| |
|
The road to 6.00 beans
