And this is what the 'while you're making other plans' looks like. There is no certainty at this point. If delays continue I would expect China to react by ramping up buying (what's not already committed). They will try and buy dips and slow periods in this case but, they will buy, and sooner rather than later. They won't try to corner the market but that's because they do have reserves - and that's why they have them. They don't want to cause tsunamies in the market place unless driven to it. But they won't get behind the 8 ball.
Concern grows about delay to S. American soy sowings -Oil World
30-Oct-2012 08:30
- Rain may reduce soybean area in Argentina, Brazil
- Risk growing of cut to forecast big 2013 soy crops
HAMBURG, Oct 30 (Reuters) - Concern is growing that rain will cut soybean plantings in Brazil and Argentina, reducing the outlook for large soy crops in 2013, Hamburg-based oilseeds analysts Oil World said on Tuesday.
“Although it is still early in the season, there is now a higher risk that initial estimates of a sharp increase in soybean production by 36 million tonnes or 30 percent will not fully materialise,” it said.
This is partly because the forecast 5 million hectare or 11 percent increase in southern hemisphere soybean plantings for the harvest in early 2013 may not be achieved due to rain in South America, while yields may be lower than forecast, it said. ...... [continues]
