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How do we go from a Soybean carryout of 955 mb in Nov 2018 to 140 mb or less today
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Deere6
Posted 1/16/2021 20:00 (#8756846 - in reply to #8756566)
Subject: RE: How do we go from a Soybean carryout of 955 mb in Nov 2018 to 140 mb or less today


SE IL
The argument I have with that is China buying because of the trade deal. China's sow heard had been cut in half and they now have been rebuilding. The tariff and now phase 1 agreement just happened to work out about the right time to correspond with the fundamental reason for their actions. Imo china has no intentions of following any agreement. They will buy what they need when they need it, and yes as tensions rise likely stock pile a little extra.

Edited by Deere6 1/16/2021 20:04
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