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farmer4321
Posted 2/7/2019 14:04 (#7303923 - in reply to #7303663)
Subject: RE: Jon, unwarranted assumption.


I think you may be making an unwarranted assumption about that 4.8 MMT of Unknown going to China. The Chinese are using their announced purchases of soybeans as bargaining tool therefore it's more likely that they would trumpet any purchases, not keep them hidden.
Whereas in the past, it was common to see unknown purchases re-allocated to China , more recently & increasingly Unknown re-allocations don't go to any particular country. You can check that yourself if you look at more recent reassignment notices.
As for China taking the 90 MMT projected by the WAOB, there have been indications that China has cut back substantially on purchases. There are even projections suggesting that it may go as low as 81 MMT this year.
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