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𝕮𝖍𝖎 🛢️
@chigrl
, 5 tweets, 6 min read Read on Twitter
5 part thread

Despite #ASF #China is still grain deficient and will need to rely on more and more imports to feed their people.

HIGHLY #RECCOREAD >>Propelled by U.S. Trade Talks, China Charts a Course to #Soybean Security
worldview.stratfor.com/article/propel… 1/5
In fact they have made recent deals with #Russia >>
China approves #wheat, #soy imports from Russia
reuters.com/article/us-usa… 2/5
And Brazil >>
#China Ramps Up #Brazil #Soybean Imports, Rebuffing U.S. Crops
bloomberg.com/news/articles/… 3/5
And Argentina >>
#Argentina and Brazil replacing US as main soybean suppliers of China
en.mercopress.com/2019/08/27/arg… 4/5
Even bigger plans for Argentina >>
Exclusive: China set to deepen #Argentine trade ties with bid for #grains 'superhighway'
reuters.com/article/us-arg… #soy #corn 5/5

So, yes, they could be buying much more from the US.
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Related hashtags

#ASF #China #RECCOREAD #Soybean #Russia #wheat #soy #Brazil #Argentina #Argentine #grains #corn

More from @chigrl see all

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𝕮𝖍𝖎 🛢️
@chigrl
Fun thread: commodities trading dates back to the Samaritans.. somewhere between 4500 and 4000 BCE
Modern futures markets started in England in the 16th century (huge gap in time)
Then in 1848 the modern day futures market that you know now..started in Chicago
Read 7 tweets
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𝕮𝖍𝖎 🛢️
@chigrl
5 part thread incoming on OIL

lets talk about oil hedges for a minute
So when producers hedge (meaning they are trying to offset adverse moves in the market place by locking in a price, btw this is no different from other commodities)
This year, oil hedging has been at a low, in part due to the largest hedger, Mexico, but others as well. The risk to oil prices is that they start hedging. So you ask..what does that mean to me?
When oil producers hedge, they generally do it via options (collars or costless collars and they go to the banks for this to provide a market) Now, the banks take the long side of their (oil cos) short options positions, they (banks) offset their risk by selling the futures
Read 5 tweets
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𝕮𝖍𝖎 🛢️
@chigrl
I learned something new today...topic is UREA

I thought Urea was just a naturally occurring by-product of humans and animals used in fertilizer...but NO...there is a connection to the oil markets via petrochemicals! (you can skip this if you already know this)
Synthetic Urea (which is apparently indistinguishable from naturally occurring urea) is made by Petrochemical companies...HOW?
Well, in their manufacturing process, gas or oil is used as base to react with nitrogen from the air to produces ammonia. Ammonia is then used to produce a range of chemicals, such as urea.
Read 5 tweets

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Adam Ni
@adam_ni
Thread on China's new defense white paper, China's National Defense in the New Era. This WP has just been released by the @chinascio. Press conference is happening now.

Thanks to you know who you are.

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Christophe Barraud🛢
@C_Barraud
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Christophe Barraud🛢
@C_Barraud
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