Post by
mountainpose on Jun 19, 2018 12:20pm
Canada can not win the trade wars in AGRI. Our logic is very
flawed 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