China Evergrande Collapse

[biglentil]

Commodities have gone parabolic or if nearly everything is rising in price aren't dollars losing purchasing power? Hmm

[errolanderson]

Another Chinese property developer collapsed yesterday afternoon in Hong Kong (dropping a massive 87%) before it was halted.

Shanghai based developer SINIC HOLDINGS HK:2103 is racing with Evergrande to the bottom. Get ready for a banking crisis in HK & China.

[ajl]

The hyperinflationary part of the cycle is likely done as it occurred this spring. The globalist do want to replace the dollar but market forces may intervene. We are lucky this year in that we don't need china to buy any more canola however if production recovers next year could see $8 canola again (imagine that with super high inputs) since china will not be able to buy much as it is broke. China has already resold a lot of $12 canola for $20 including my contract which I delivered yesterday. Debt defaults are deflationary as they make dollars disappear from the system. Next year at this time we could be facing real problems like starvation rather than fake ones like covid and global warming.

[errolanderson]

Errol, sources say Blackrock is the biggest holder of this firm.

The same firm buying up blocks of real estate in the US and runs ETF exchanges.

I suspect a bailout is being prepped.

Jazz, major entry into U.S. markets. More commodity trouble, more equity trouble straight ahead (IMO).

[beaverdam]

https://twitter.com/FabiusMercurius/status/1440411706543407110

[farming101]

The hyperinflationary part of the cycle is likely done as it occurred this spring. The globalist do want to replace the dollar but market forces may intervene. We are lucky this year in that we don't need china to buy any more canola however if production recovers next year could see $8 canola again (imagine that with super high inputs) since china will not be able to buy much as it is broke. China has already resold a lot of $12 canola for $20 including my contract which I delivered yesterday. Debt defaults are deflationary as they make dollars disappear from the system. Next year at this time we could be facing real problems like starvation rather than fake ones like covid and global warming.

r a p e seed spot price is $26.85/bu CAD in China. If they're reselling it, it is on the street in Zhengzhou

Inflation will continue. Dollars lost are easily replaced

[AlbertaFarmer5]

r a p e seed spot price is $26.85/bu CAD in China. If they're reselling it, it is on the street in Zhengzhou

Inflation will continue. Dollars lost are easily replaced

And how does that compare to a normal year? Roughly $7 higher than spot price on the prairies, that should far more than cover freight, and elevation?

[farming101]

And how does that compare to a normal year? Roughly $7 higher than spot price on the prairies, that should far more than cover freight, and elevation?

Below is a chart comparing the Canola 5 year futures to China futures market. Canola in blue, left hand scale. Canola in CAD. Note the China data is an indicator only. Hardly traded. Should all be in USD to screen out currency fluctuations
Sorry for going off thread topic.

[AlbertaFarmer5]

Below is a chart comparing the Canola 5 year futures to China futures market. Canola in blue, left hand scale. Canola in CAD. Note the China data is an indicator only. Hardly traded. Should all be in USD to screen out currency fluctuations
Sorry for going off thread topic.
[ATTACH]8702[/ATTACH]

Thanks for that. So without working out the currency differences over this period, it appears that the blue line only briefly goes above the black over the past 5 years. We are above now, so likely not competitive, unless their futures go up as well.

[farming101]

Thanks for that. So without working out the currency differences over this period, it appears that the blue line only briefly goes above the black over the past 5 years. We are above now, so likely not competitive, unless their futures go up as well.

AS you noted in post #27 it should still arbitrage. Just not as lucrative