date:Jul 09, 2018
inese import tariffs cause demand destruction If so, how much? What is the absolute minimum the Chinese can take on US bean imports and get away with it? What will the carryout be next season? Are we looking at 400 million bushels? 600 million? 800 million? said Charlie Sernatinger, a broker with EDF Man.
How much does China need?
China typically needs a little more than 8.3 million mt of soybeans a month and has contracted all it needs so far this year up to September delivery.
That leaves s