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China ... soybeans

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    #37
    It sounds like the port strike that began December 09 will continue on at least through Christmas, and was joined by associated unions for 36 hours beginning last Wednesday. 100 plus cargo ships waiting to load various commodities.

    How many are soybean ships, and how much old crop is available if the companies pony up enough to satisfy the unions? Is it really enough to crash the current demand if an agreement is reached? Tuesday's attempt was not accepted.

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      #38
      Originally posted by oneoff View Post
      It sounds like the port strike that began December 09 will continue on at least through Christmas, and was joined by associated unions for 36 hours beginning last Wednesday. 100 plus cargo ships waiting to load various commodities.

      How many are soybean ships, and how much old crop is available if the companies pony up enough to satisfy the unions? Is it really enough to crash the current demand if an agreement is reached? Tuesday's attempt was not accepted.
      A strike holding up a market doesn't have a long shelf-life . . . .

      Markets (soy/corn) are a hand-shake away from a pullback (IMO). Ethanol plants stateside are shutting down temporarily due to slowing demand. Fund buying has been key to holding the beans together right now. But, U.S. soy exports have quieted with lower-than-expected weekly exports . . . .

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        #39
        Originally posted by errolanderson View Post
        A strike holding up a market doesn't have a long shelf-life . . . .

        Markets (soy/corn) are a hand-shake away from a pullback (IMO). Ethanol plants stateside are shutting down temporarily due to slowing demand. Fund buying has been key to holding the beans together right now. But, U.S. soy exports have quieted with lower-than-expected weekly exports . . . .
        Today unions and companies were to talk over the new and improved offer. Anyone know if it was accepted on a current US $0.25 price increase on beans? Anyone know if river barge traffic for ag goods in Argentina is impeded by low water levels? Anyone know if Argentina farmers even want to sell their beans in the environment of export tariffs? They seem to be the only store in town.

        Always to-morrow.

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