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<blockquote data-quote="SDMF" data-source="post: 225171" data-attributes="member: 412">Soybeans, we're talking about soybeans, not potatoes of any size.Now on a more serious note, there isn't 1 farmer who's lost even 1 penny on 2018 soybeans yet, nor will there be for a minimum of at least 2 months when harvest actually begins.&nbsp; After harvest actually begins, they 1st thing that will happen is farmers will deliver to fulfill their contracted beans.&nbsp; They're not going to lose a penny on contracted beans, the price was set, agreed to, and contracted last spring.So, with the exception of someone still sitting on 2017 harvest in storage, there isn't anyone going to be losing any $$ and nor does the daily spot price mean jack-squat until Oct/Nov when the 2018 harvest starts to roll in.The EU trade tensions ALMOST lasted 2 weeks.&nbsp; China's stock market is down ~40% and they don't come anywhere close to producing enough food for their people.&nbsp; If you think the '08 market correction was tough, imagine that kind of market dip coupled with not enough food to feed your population.In contrast, DOW is 25,500, NASDAQ is knocking on the door of 8k and the S&amp;P 500 hit an all time high this week.&nbsp; If China goes to Argentina and Brazil, we'll go ahead and sell to the folks Argentina and Brazil usually do, they don't have enough for China AND their old customers.Good god, I'm not that smart and even I can see that there's time for China to &quot;blink&quot; before the 1st flex header gets attached in Oct.</blockquote>

[QUOTE="SDMF, post: 225171, member: 412"] Soybeans, we're talking about soybeans, not potatoes of any size. Now on a more serious note, there isn't 1 farmer who's lost even 1 penny on 2018 soybeans yet, nor will there be for a minimum of at least 2 months when harvest actually begins. After harvest actually begins, they 1st thing that will happen is farmers will deliver to fulfill their contracted beans. They're not going to lose a penny on contracted beans, the price was set, agreed to, and contracted last spring. So, with the exception of someone still sitting on 2017 harvest in storage, there isn't anyone going to be losing any $$ and nor does the daily spot price mean jack-squat until Oct/Nov when the 2018 harvest starts to roll in. The EU trade tensions ALMOST lasted 2 weeks. China's stock market is down ~40% and they don't come anywhere close to producing enough food for their people. If you think the '08 market correction was tough, imagine that kind of market dip coupled with not enough food to feed your population. In contrast, DOW is 25,500, NASDAQ is knocking on the door of 8k and the S&P 500 hit an all time high this week. If China goes to Argentina and Brazil, we'll go ahead and sell to the folks Argentina and Brazil usually do, they don't have enough for China AND their old customers. Good god, I'm not that smart and even I can see that there's time for China to "blink" before the 1st flex header gets attached in Oct. [/QUOTE]

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