|
Sw mn | Doesn’t China lock it in on the board when they buy with CHS on the other side of the board? When they cancel at a lower price, aren’t they just buying themselves out of a loosing position?
If CHS sold soybeans to China for $15 and bought them from the farmer at $14.00 then china cancelled at $13, CHS would be broke over night. I don’t believe that’s how it works.
Guess I don’t feel NAT really has a good understanding of the Chinese grain trade.
Are the contracts, optional origin contracts?
Someone explain it to me and NAT like we are 5. Thanks. | |
|
China soybean cancellations
