Posted 7/30/2020 20:37 (#8405842 - in reply to #8405729) Subject: RE: China doesn’t have to do s&$t and won’t
Ok so say you have a ship with 3 million bu sitting at Shenzhen port. You were good and got it landed there for $6 a bushel. Now what do you want to do with it? Are your hog herds located at the dock? Want to store it in the boat? $20k+/day for that one. Have a giant elevator next door?
Edit: How much would it cost you to get corn from NOLA to Decatur? Many times this is the same question importers have to face. I am not real familiar with the Chinese auctions but that $8 isn’t necessarily what is being paid on the coast at the ports.