China Hoarding

[jazz]

Saw this across the screen today, explains some of what we are seeing, but not the entire picture. Why are they hoarding and if they are, they could stop any time and prices head back down pretty fast. Or are they prepping for something else.

[shtferbrains]

Taiwan


Strategic reserves

[Guest]

but canola is up a long ways from $19 ,thats gotta hurt
have you got sellers remorse?

[jazz]

but canola is up a long ways from $19 ,thats gotta hurt
have you got sellers remorse?

Nope, money left on the table for sure but piece of mind was worth it. Still have wheat and lentils to price.

[Guest]

hard to know when to pull the trigger?

[blackpowder]

Not real money until it's in your hands.

I would want to see year over year amounts regarding China's strategic reserves to determine trend. Those numbers too incomplete.

[ajl]

Do they actually have physical inventory on hand or just empty warehouses. My guess in china has already resold a bunch of the $12 canola. Where will the funds come from to bail out the crumbling property sector? My guess is china's economy is in shambles right now with high energy prices combined with shipping snarls and crumbling real estate making 22 a rough year in china which is the likely reason why china's commodity purchases will decline in this year. World attention is focused on problems in the US.

[blackpowder]

My gut tells me China will never have empty long term storage facilities.

[AllisWD45]

My gut tells me China will never have empty long term storage facilities.

Have to agree. With the huge population they have no matter what kind of government in place they have to keep them fed and reasonably happy.
I think a lot of this stuff floating around about China wanting global dominance is blown up a bit. Feeding that huge population always was and always will be Job 1.

[blackpowder]

Just 20 years ago (so I was told), the common greeting in the countryside was not; you well? Ni Hao. But rather, "you eat today"?

[TASFarms]

Looks to be a lot of big companies in China that are bankrupt. Ship builders. Steel makers, developers, high speed rail runs at a huge loss year after year.

[TASFarms]

Saw this across the screen today, explains some of what we are seeing, but not the entire picture. Why are they hoarding and if they are, they could stop any time and prices head back down pretty fast. Or are they prepping for something else.

[ATTACH]9541[/ATTACH]

A year ago China banned all video and pics of any govt warehouse. Too many pics showing empty warehouses that had aliitle bit of garbage corn that looked worse than screenings

[Guest]

I’ll defend Jazz as I certainly don’t like being reminded about bad marketing decisions I’ve made.
Financial decisions affect your mental health but are not necessarily permanent unlike other decisions we make in our lives.

Caseih, I’d never have expected a comment like that from you.

Well I listened to so much shit about signing forward contracts
If one can dish it out , one can take it

[Old Cowzilla]

Looks to be a lot of big companies in China that are bankrupt. Ship builders. Steel makers, developers, high speed rail runs at a huge loss year after year.

They can't be in too bad of shape yet they would rather build new shipping containers and fill with goods instead of taking the ones back in North America that were only used once ( for 3 weeks ) . I bet you can get a shipping container for almost free if you have the deck to take it away from the port overflow where they are storing the empty returns.

[shtferbrains]

A year ago China banned all video and pics of any govt warehouse. Too many pics showing empty warehouses that had aliitle bit of garbage corn that looked worse than screenings

They say the minions send in whatever statistics the CCP wants to see.