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China Trade War pause being scuttled
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Pat H
Posted 12/6/2018 07:16 (#7152386 - in reply to #7152214)
Subject: RE: Nope, agtalk officially scuttled the deal

Cropsey, IL
Actually there are always folks trying to get around sanctions and always legal action. One company's actions do not speak for a country though you'd think it was true by what is published. As usual blaming others for our lack of sales last spring, good yields this summer and resulting market pressure doesn't result in much. Keep in mind though we are getting 2 checks - that's a first for me since arc started - which is how it should have been and maybe still should.

However, the market is taking the bait from the media (do they ever really need facts or take a 'wait and see' approach - no, never) and there will be a payday for some. It's all about the volatility. The current crowd of traders has no stomach for stability - it's not exciting and it doesn't sell services. It definitely affects wallstreet, but grains to a lesser extent (maybe our limits are too tight for them?).

My guess beans down 10 then China says they are going through with the deal then up 10-15, but this isn't China's first rodeo. The Chinese buyers will certainly take whatever action is necessary to keep it from going up $1 until after they buy. Maybe someone gets arrested for violating sanctions?
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