|
Central Missouri | Just noticed weekly export sales on beans. China bought what was it 1.3 mmt I think. Did they price those purchases? We don’t know because we don’t get to see the contracts but did anyone notice that November soy futures only went up I mean went down 3 cents for the period June 5-11.
Now look at this past week where nov bean prices only went up 5 cents. Let’s see next Thursday how many beans China bought in that time period. Look at the last 10 days of November soybean futures in the chart. Someone or something is sitting on the market. Not that it would normally go up this time of year but that looks fishy. The longer it stays down the more potential fuel for the fire.
Edited by ehoff 6/20/2020 05:32
 (D15780C3-5F52-4D3C-89C5-C376BBD79D3B (full).jpeg)
Attachments
----------------
 D15780C3-5F52-4D3C-89C5-C376BBD79D3B (full).jpeg (121KB - 188 downloads)
| |
|
Is China looking to buy?
