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Let me see if I understand this China thing...
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Posted 8/1/2020 21:27 (#8409757)
Subject: Let me see if I understand this China thing...


SEON
So We’re ticked off at China because they make a deal to buy a whole crap load of product at a volume price. They entice the seller to get long the product and put all the pieces in place to deliver. Now that they’ve established that price as a floor, they’ve bought time to shop around for a better deal and when they find it they cancel the order. They have leverage now because I’m long product. Is that about right?

Sounds like every big dairy Ive ever sold straw to
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