Posted 7/30/2020 21:18 (#8405986 - in reply to #8405904) Subject: RE: China doesn’t have to do s&$t and won’t
w1891 - 7/30/2020 20:55
Back to the example. How much would it cost you to ship grain from New Orleans to Decatur? So if ADM was buying corn for $8 at Decatur, but they could get all the shiploads they wanted at NOLA for $6, would it be such a slam dunk for ADM. I mean that’s a free $2 right? Or perhaps it’s not that simple.
The corn is ariving at a Chinese port for 6$ CCP is auctioning grain from reserves and it’s bringing 8$
I think you mis understood
From my farm to at louis is .30c from St. Louis to New Orleans.50c NOLA to China around 1.40 ... so 3.10 corn plus .80c .... 3.90 plus 1.40 = 5.30 and it’s at a Chinese port and being
Sold at auction for 8$ .... make sense now?