chinese chat rooms have sinograin buying cargos today...welcome news..hope it holds true
also some areas of SA with flooding and switching of bean planting and some areas missed the rains that were expected
I have been here the entire time, just have not had
anything to offer.......
As far as China purchases go, they will be only by the
State reserve arm. Until China lifts its 25% tariff we should
not expect the crushers to return to the buy side.
I am confident a deal is getting closer. But, again what difference
will it make short term to the ballooned balance sheet.....nada.
The next market maker will be acres.......more overproduction?
yes, too early for the math on planted acres but have read a 7million acre reduction here still leaves what? 700m es? what a pile to chew thru
I hope I'm in the right thread but the Chinese soybean Crushers have actually gone bankrupt recently and shut down...
I know that's it's wavy and nowhere to get beans
...whatever's going on ....but I've always been a Soy Meal Cakemaker type... free...
that's all I got to say
latest from kory in SA....do not be short the bean in the next couple to 3 weeks....dry and hot with shrinking crop bias....then extremely wet in Feb.....
Jan 1 thru jan 15th predicted to be the driest in a decade