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China ... soybeans

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  • furrowtickler
    Senior Member
    • Dec 2004
    • 22286
    #1

    China ... soybeans

    May be something to pay attention to ..
    https://uk.reuters.com/article/us-china-soybeans-cancellations-idUKKBN28510H
    Tags: None
    • SASKFARMER
      Senior Member
      • Dec 2005
      • 7123
      #2
      Seen that this morning or is it China doing its usual dance to drive prices down and buy buy buy.

      I wish I knew.

        Comment

        • errolanderson
          Senior Member
          • Jan 2012
          • 3157
          #3
          Originally posted by furrowtickler View Post
          May be something to pay attention to ..
          https://uk.reuters.com/article/us-china-soybeans-cancellations-idUKKBN28510H
          Right on schedule . . . trade has been expecting cancellations for Feb onward movement.

            Comment

            • furrowtickler
              Senior Member
              • Dec 2004
              • 22286
              #4
              Originally posted by errolanderson View Post
              Right on schedule . . . trade has been expecting cancellations for Feb onward movement.
              Ya not surprising, sooner or later it was going to happen I guess .
              Same ole song and dance
              Special “pest” contamination next in canola again ? Lol

                Comment

                • farming101
                  Senior Member
                  • Mar 2011
                  • 3956
                  #5
                  Expect more cancellations. Still 9 months to go in the crop year. Not much room for new business if there are no cancellations.
                  That could happen but it would seem more likely that some of these orders will switch to Brazil once it becomes clearer what their crop prospects are and pricing makes sense

                    Comment

                    • Rareearth
                      Senior Member
                      • Aug 2012
                      • 1618
                      #6
                      China should hedge the purchase propery

                        Comment

                        • burnt
                          Banned
                          • Sep 2009
                          • 3918
                          #7
                          Originally posted by Rareearth View Post
                          China should hedge the purchase propery
                          Would that not mean that they actually would care about contracts?

                            Comment

                            • malleefarmer
                              Senior Member
                              • Nov 2005
                              • 5424
                              #8
                              Originally posted by farming101 View Post
                              Expect more cancellations. Still 9 months to go in the crop year. Not much room for new business if there are no cancellations.
                              That could happen but it would seem more likely that some of these orders will switch to Brazil once it becomes clearer what their crop prospects are and pricing makes sense
                              Suggested here that it was always going to happen once trump got the boot.

                              Wheats ugly today

                                Comment

                                • errolanderson
                                  Senior Member
                                  • Jan 2012
                                  • 3157
                                  #9
                                  Originally posted by malleefarmer View Post
                                  Suggested here that it was always going to happen once trump got the boot.

                                  Wheats ugly today
                                  This got nothing to do with Trump leaving (IMO). Expected and classic China buying pattern.

                                    Comment

                                    • checking
                                      Senior Member
                                      • Feb 2008
                                      • 2394
                                      #10
                                      ... or is it because the five eyes got their sight poked out because the leaders could not keep their five mouths shut. Ag, always the whipping boy.

                                      Hope for a continuing SA drought.

                                        Comment

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