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425Cat
Advisor

china bean cancel??

Does anyone have the story on china bean cancell. Something about cancelling beans they had bought from SA for loan collateral. Will they cancel US also
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3 Replies
farmerguy89
Advisor

Re: china bean cancel??

Yes.

Technicals becoming weaker on beans 425.
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hardnox
Advisor

Re: china bean cancel??

Haven't seen the story but it is true it is the one that I've been keeping an eye out for.

 

big cockup in iron ore, copper, lumber starting to fold. Ore and copper are well known to be involved in financing deals.

 

Among the questions that I am avidly seeking answers on are 1)why does China show such favor for US beans- carryout builds but outside the US. Part of that may be the Argentina hoarding situation and 2) why wouldn't soybeans be just as hoardable in shadow financing deals as other commodities?

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425Cat
Advisor

Re: china bean cancel??

Reliable source, logisitics, stable currency??,

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