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Central Missouri | Of course they are it is their job! A penny a bushel on 90 million metric tons is a lot of money to their economy. No different than a penny on our 100k bushels of corn produced is a lot of money straight to our bottom line. Focus on the opportunity! They will eventually let price go because they are building a huge long position hidden in the shadows. At least I think they are.
Someone is sitting on soymeal! New contract lows should be about it.
They need to get their pre s.a. 2021 bean demand and their strategic reserve filled and then let it fly.
It could fly sooner but only if we have a large hot drought in the U.S. Odds are against that but you never know.
Edited by ehoff 6/2/2020 06:41
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The Chinese are working their plan.
