Posted 2/7/2019 11:06 (#7303454 - in reply to #7303358) Subject: RE: 24 mmt
McLeod County, MN
Maybe I missed it, but did worldwide demand go down? China has been dipping into their own reserves to fill the void while they fight the trade war. When its over they will replenish their empty bins with our beans. If they want to do business with us they are gonna have to buy our beans regardless of the price in Brazil. The concept is so simple yet so many can not grasp it. Do some of you not understand how fricken minuscule soybeans actually are in all of this? If they came in today and bought 1 billion bushels of beans that is only about $9 billion dollars. Its not like they aren't getting something in return for their investment. When they buy from us it will help close the $500+ billion dollar trade defecit, which is what this is all about.
China is not gonna try to save a billion dollars on soybean purchases so they can get hammered on the $500+ billion dollars they send here.