Join Date: Dec 2013
Location: east central IA
Mentioned: 1 Post(s)
Quoted: 1484 Post(s)
They aren't buying beans because half their pigs died and they just don't need to buy from us now. They can cite the trade war all they want but that's a small piece of the puzzle.
It's getting to the point China can **** off. Almost had a trade agreement but China refused to cease stealing intellectual property.
Bottom line is there are x number of bushel of beans in the world, and the world is going to consume y number of bushels annually. Someone will buy our beans even if China does not, last year Argentina imported a extremely large amount of USA beans for the first time ever, think any of those floated to China?
Currently beans are +13 today, over a dollar rally.
Don't blame the baker when the butcher bakes the bread.