|
Central South Dakota | Not really, if the chinese step in immediately to buy this week, Brazilian soybeans are over a $2.00/bu premium to ours. Say we did see a .40-.60 rally, why wouldn't you immediately buy beans if they are still a 1.40-1.60/bu under your other supplier? Then Xi can say in 90 days we held up our end of the agreement so what are you going to do to hold up your end and he still got the beans bought up at a bargain and he can pressure SA prices down switching supplier of choice.
The other big thing for us is if we could go from -1.50 current to -.90 historical basis "here" eventually just because we get beans moving to the PNW instead of trying to keep pushing them southeast. Better for us and better for you.
Maybe I'm thinking of it in too simple of terms, maybe I have no idea what the hell I'm even talking about, but those are the thoughts rolling around in my head this morning. | |
|
Trump and Xi Jinping had a good dinner last night!
