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Central Missouri | China will fulfill their commitment and very well may exceed on soybeans. They are working their plan. If the weather cooperates and yields look good in the u.s. I expect a summer high and then drop off into harvest (unless it gets dry in the U.S.)by harvest China will have loaded up on cash beans, futures and options and then I expect them to buy a huge volume over a week or two. That should ignite the market. China wants to buy their cash needs cheap and profit hugely from their futures and options.
The above scenario I explained at my winter risk mgmt conference in January and China is doing just that. In the end I could be wrong but how else can they source what they need and profit hugely from historically cheap current cash supplies. Jmo I may be all wrong in the end. | |
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Is China looking to buy?
