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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.
I have included this picture for your viewing pleasure.
Edited by Hick 5/23/2023 20:45
 (A0E28AE1-2759-4509-855D-F5CBEB54E8CC (full).png)
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 A0E28AE1-2759-4509-855D-F5CBEB54E8CC (full).png (121KB - 15 downloads)
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China soybean cancellations
