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Joined: Apr 2003
Posts: 4,002 Likes: 10
10 point
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10 point
Joined: Apr 2003
Posts: 4,002 Likes: 10 |
No beans are down 15 and corn down 12 since it was signed yesterday. I'm not saying it wasn't a good start but they are only required to buy 32 billion of agriculture products over the next 2 years.
Categories listed:
Oilseeds
Meat
Cereal
Cotton
Other Ag commodities
Seafood
The above listed all fall under ag products in the agreement. The spending will be so widespread that its not going to change any one commodity very much. Its not going to rally prices for any of the above listed. Hopefully phase 2 brings better news.
I'm not 257 but I'm in the ag business too What had the requirements been before now?
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