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Leesburg, Ohio | I suppose you are technically right, as carryover changes year to year, but my point was, we always use about what is produced. In fact, over time, we use exactly what is produced (minus shrinkage and loss/abandonment). Yes, price varies, but my point being if China buys from some other source because of tariffs, or whatever reason, our beans will pretty much end up making up that difference elsewhere in the world. In other words, if China buys Brazilian beans and not ours, Brazil's production was formerly going somewhere else before China started buying it. That "somewhere else" will likely still need beans, and ours may go there.
So actually, over time, x=y.
I don't think I said anywhere that production or consumption never changes...don't know where you got that? | |
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China bean buyer news
