Sunday, April 6, 2014
Just in time beans
Thinking aloud to myself. I can´t help but chuckle at the scene in New Orleans this week. We have a Brazilian panamax arriving loaded with soy. In the next dock over there is liable to be a ship being loaded from Mississippi barges of soy and on their way to China simply because of CIF booking verses FOB. These same barges could possibly be loaded with soybeans and pushed back up river for crushing in May or June. "Just in time soy" or peak protein continues to get more and more interesting.