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S Illinois | The only pause to that notion is this tweet that comes from one of the more informed people on the ground in Brazil in Kory Melby.
https://www.facebook.com/Brazilintl/posts/1788628457847081
"Aug Brazil soy at port is now US$ 2.00 over CME"
Now the trucker problem likely is some cause of it and possibly some price gouging, but someone is really wanting Brazilian beans at the ports. Exporters in the US don't want to touch the US-China soy trade right now lest they get a boat halfway there and all of the sudden the tariff is implemented. Those US exporters however would be the most likely people to take advantage of that situation by providing cheaper beans and quicker load times and squashing that large of basis discrepancy. So most likely China is buying beans and they are much higher priced than we in the US are seeing. | |
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China's Tariff Threat
