Posted 7/30/2020 17:16 (#8405436 - in reply to #8405163) Subject: RE: $5 corn Spread
mfro629 - 7/30/2020 15:24
If the spread is 5$ where is the 5$ going
It goes to the end user, whether that is a production facility or the Chinese government I don't know. If the end user has a choice to pay $8 domestically because of short supply, or pay $6 after transportation to import it, the end user can save $2 by importing.