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China is working their plan/ because they have to!
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NE Ridger
Posted 9/12/2020 12:02 (#8491065 - in reply to #8490769)
Subject: RE: China is working their plan/ because they have to!


EC Nebraska
fatan sassy - 9/12/2020 09:21

Got it. You are bullish beans. I don’t understand how the Chinese got in such a desperate place when they had all summer to buy beans a buck cheaper. Doesn’t fit with their genius reputation. And I don’t expect them to abide by their agreements. We are most certainly encouraging more SA bean acres now.



I don't want to speak for ehoff, but I think he's been suggesting the possibility that the Chinese have used the summer to build a large long position in soybean futures. So now they can buy physical without being concerned about futures price.
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