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China Has Begun Preparations to Buy US Soy
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farmer4321
Posted 12/5/2018 08:58 (#7150176 - in reply to #7150058)
Subject: RE: I hope you're right but..


I hope you're right, China can undoubtedly use cheaper beans and it would be good to get some of this massive oversupply out of the way but remember Brazil has typically unsold us. That's how they have increased their market share year after year except in years when their crop is short. If they revert back to their previous habits of pricing their beans just under the US market and we keep trying to over price our beans we'll still be at a disadvantage.
This could turn into another race to the bottom or we don't sell enough to get the carryout down.
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