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Central Alberta | China isn't smart at all, they just think they are. Just don't under estimate their ability to play a losing hand though. Chinese leadership simply does not have to care about hundreds of millions of peasant and they don't care about them. The election of 2016 in the US showed that there was a significant constituency in the US that could no longer be ignored and hence the election of president Trump and I am grateful for that even though I am Canadian. A few of us can think up here and those that do like a lot of what your president is doing. The US is the residual supplier of beans into China then as it is now. It is just that China can't afford as many beans anymore as they are going broke. They are making that problem worse by paying a premium for Brazilian beans so making it economic to ship US beans to Brazil. That aint smart at all. Reality is the US had a good bean harvest and good old supply and demand is at work. Eventually all the beans that there is a market for will be bought and consumed. All that is changed is who is buying who's beans. China's demand for ag commodities is now permanently reduced because their economy is tanking and that is going to be reality in the future. | |
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China's longer term thinking
