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https://preview.redd.it/k0sckf45b3zf1.png?width=1476&format=png&auto=webp&s=9db7281c24c1a8fe70e3f42e8e1be74d9153be9b Am I the one person who thinks this rally doesnt associate with provide and demand? From Natgas I do know that it'S closely shorted. However Soybeans… there should be overwhealming brief intent … however clearly the brief OI isnt there. 2024: China has purchased 20M metric tons, harvest was common, storage 70% – ZSF/XBF trades at 1009. This 12 months – China hasnt purchased something besides 2x250K metric tons, the storage is full, and one such a cargo is 1800 ZS contracts every for one cargo. 10 min quantity within the L2 knowledge. China introduced to purchase 12M metric tons between Nov 2025 and Oct 2026, thats 8 million metric tons much less. Currenlty ZSF26 trades at 1135 (11.35 a bushel). Query… do I miss one thing? Or do the sellers within the US artifically undersell the market? If sure China would possibly discover sooner or later, if not, who’re the opposite consumers? I noticed seasonal charts after misharvests in Brasil 2023 and 2022, there we had undersupply, and excessive demand of US soybeans. submitted by /u/WickOfDeath |
