TSX:AGTPRA - Post by User
Post by
mountainposeon Jun 19, 2018 12:20pm
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Post# 28192286
Canada can not win the trade wars in AGRI. Our logic is very
Canada can not win the trade wars in AGRI. Our logic is veryflawed and with serious consequences. The idea goes as follows, as an example; "If China doesn't buy USA canola then we will supply it and make a ton of money". Well Canola trades on world commodity exchanges and is priced on world markets. I know Pulses are different but my point is to be very careful how you think things out. I am always amazed how often events don't turn out how you might expect. Here is todays news to support my example. "" Soybean futures for July delivery dropped more than 7 percent to a low of $8.415 a bushel, their lowest since March 2009 (7 years), according to Thomson Reuters. They were trading near $8.64 a bushel as of 11 a.m. ET. There are a lot of "unknowns and no confidence," said Rich Nelson, director of research at Allendale, an agricultural market research and trading firm"". Lot's of storms on the plains of Saskatchewan GLTA