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China doesn’t have to do s&$t and won’t
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w1891
Posted 7/30/2020 20:37 (#8405842 - in reply to #8405729)
Subject: RE: China doesn’t have to do s&$t and won’t


S Illinois
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.

Edit 2:Here is a tweet with a recent Dalian/US corn spread. So there are basis considerations that need to be taken into account with that $8 figure being thrown out. If that $8 is for 100k bu 800 miles from the coast it may not be as cut and dry as it seems.
https://mobile.twitter.com/morrisonmkts/status/1288829529432240128

Edited by w1891 7/30/2020 20:45
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