EC Illinois / WC Indiana | I bought ADM back when they were on TRIAL....that has worked out good.
However as a soybean producer I find it "interesting" how you can have these crazy crush margins and still have -80¢ basis.
So communist China imposes a 25% tariff on soy from the USA, exactly who pays that? If its "centrally managed" aren't they just taxing themselves? So their pigs are short of protein.
But lets (ADM, Bunge, etc) not let a good crisis go to waste: "Widen the basis to record levels"
Now the producer is convinced that his $10 MAY beans are only worth $7.80 today.
Take the $1.65 and let the beans sit in the tin can....
On edit: Can we be assured that NO US Soy goes to China w/o the tariff being imposed or collected?
Edited by farmergreg 11/10/2018 07:29
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