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Fairbury, NE (Southeast) | China will buy our grain as long as it suits their interest.
If prices remain, or get too high China will aid in the further development of Brazil/Argentina, much as Japan did 30 years ago. If infrastructure (China's specialty) is brought into Brazil, further development of the interior range land can occur. Another 20 million acres of bean production would bring bulls back to reality quick.
The good news is this would take 3-5 years to complete.
I'm a seller of SB on this rally.
Edited by dt4020 7/12/2010 00:55
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Chinese hogs -US grain
