China ... soybeans

[furrowtickler]

May be something to pay attention to ..
https://uk.reuters.com/article/us-china-soybeans-cancellations-idUKKBN28510H

[SASKFARMER]

Seen that this morning or is it China doing its usual dance to drive prices down and buy buy buy.

I wish I knew.

[errolanderson]

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.

[furrowtickler]

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

[farming101]

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

[Rareearth]

China should hedge the purchase propery

[burnt]

China should hedge the purchase propery

Would that not mean that they actually would care about contracts?

[malleefarmer]

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

[errolanderson]

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.

[checking]

... 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.

[malleefarmer]

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

Ok will reword. And from gurus here. USA is in a vacuum until transition occurs,before trump goes Biden comes in China will run a mock until new administration is up and running.

[checking]

Beans in the US teens?

Coming to a store near you

[burnt]

Is the weekly soy chart showing a triple top?

[checking]

We'll have to ask pharma to ask farming 101 to please put up a three month chart.

[errolanderson]

Beans in the US teens?

Coming to a store near you

‘Agresource’ stateside hinting beans could surge to $15/bu by spring. Argentine port strike supporting U.S. prices this week. About 150 ships in-wait at-port.

But Brazil now receiving more broad-based moisture and China is likely close to covering deferred sales for late winter movement.

Pick em . . . .