China Hoarding

[jazz]

Saw this across the screen today, explains some of what we are seeing, but not the entire picture. Why are they hoarding and if they are, they could stop any time and prices head back down pretty fast. Or are they prepping for something else.

[shtferbrains]

Taiwan


Strategic reserves

[Guest]

but canola is up a long ways from $19 ,thats gotta hurt
have you got sellers remorse?

[jazz]

but canola is up a long ways from $19 ,thats gotta hurt
have you got sellers remorse?

Nope, money left on the table for sure but piece of mind was worth it. Still have wheat and lentils to price.

[Guest]

hard to know when to pull the trigger?

[blackpowder]

Not real money until it's in your hands.

I would want to see year over year amounts regarding China's strategic reserves to determine trend. Those numbers too incomplete.

[ajl]

Do they actually have physical inventory on hand or just empty warehouses. My guess in china has already resold a bunch of the $12 canola. Where will the funds come from to bail out the crumbling property sector? My guess is china's economy is in shambles right now with high energy prices combined with shipping snarls and crumbling real estate making 22 a rough year in china which is the likely reason why china's commodity purchases will decline in this year. World attention is focused on problems in the US.

[blackpowder]

My gut tells me China will never have empty long term storage facilities.

[AllisWD45]

My gut tells me China will never have empty long term storage facilities.

Have to agree. With the huge population they have no matter what kind of government in place they have to keep them fed and reasonably happy.
I think a lot of this stuff floating around about China wanting global dominance is blown up a bit. Feeding that huge population always was and always will be Job 1.

[blackpowder]

Just 20 years ago (so I was told), the common greeting in the countryside was not; you well? Ni Hao. But rather, "you eat today"?