Posted 7/28/2020 22:29 (#8402046 - in reply to #8401900) Subject: RE: No.
Titan- AgriTalk has been harping on the $8.50 cash corn price in China. Stocks have to be tight for the Chinese feed companies to pay up for corn.
I wonder if the dec 2020 low doesn’t happen during the 2nd or 3 rd week of August as bins are swept ahead of a heat spurred corn harvest here. Then, Mother China buys a ton of grain probably 2 weeks after the election. China can play the purchase either way....a Biden win means the purchase is a goodwill middle finger towards Trump. A trump win means the Chinese purchase is a goodwill gesture for meeting their phase1 pledge....