When China Stops Buying . . . .

[errolanderson]

Just a heads-up . . . .

Despite CME corn futures testing contract highs on Monday, China Dalian futures now in-decline off about 70 cents/bu in the past two weeks. Big drop in palm oil overnight, down 5%. India apparently hiking import taxes.

For rally to hold, demand must hold.

[bucket]

Reuters reports China has bought a million tonnes of Canada 2021 new crop barley....interesting...and what Canadian market exchange would reflect those sales????????????????????????????

[farming101]

Just a heads-up . . . .

Despite CME corn futures testing contract highs on Monday, China Dalian futures now in-decline off about 70 cents/bu in the past two weeks. Big drop in palm oil overnight, down 5%. India apparently hiking import taxes.

For rally to hold, demand must hold.

Dalian July corn contract still close to $11 US. Talk of more low tariff imports into China. So far I am treating it as a correction....Spot corn in China high as ever. Perhaps there is a ceiling, but it's a real high one.
The Jan 13 China wheat auction saw prices fly higher and everything offered, 4MMT, was bought. The stocks were bought back at prices higher than the support price. Wheat will be aggressively bought till there is equilibrium between wheat and corn prices.

[jazz]

Dalian July corn contract still close to $11 US. Talk of more low tariff imports into China. So far I am treating it as a correction....Spot corn in China high as ever. Perhaps there is a ceiling, but it's a real high one.
The Jan 13 China wheat auction saw prices fly higher and everything offered, 4MMT, was bought. The stocks were bought back at prices higher than the support price. Wheat will be aggressively bought till there is equilibrium between wheat and corn prices.

Sounds like china is prepping for a possible trade embargo after military action.

Too bad sleepy Joe is probably polishing his dentures instead of paying attention.

I would be surprised if US intervenes in Taiwan. They will let china take it.