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| Don't think that they would necessarily buy 5mmt all at once. I didn't see any timeframe discussed at all. Also, the Chinese are ALWAYS inherently long, either through a hedging mechanism, contract purchase, or aligning for future needs. So, if a long position was already held on the board by the Chinese, if they called an originator at a port, and told them we're bringing a ship fill it up with beans for us, they might actually sell some of their length on the board as the purchase was consummated. | |
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So, China buys 5 MMT and ....
