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The Water Cooler
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<blockquote data-quote="rr2008" data-source="post: 3280431" data-attributes="member: 4073"><p>However the laws of supply and demand dictate that at higher price less will be sold not the same amount.</p><p></p><p>So how to get to that easy sounding "Raise commodity prices and problem solved". The way to increase price is to decrease supply or increase demand. </p><p></p><p>China has booked less than 200 million bushels of 2019 soybeans, so meeting the reported goal of 1.1 billion will take a whole lot of buying</p><p>( this from the weekly soybean review ).</p></blockquote><p></p>
[QUOTE="rr2008, post: 3280431, member: 4073"] However the laws of supply and demand dictate that at higher price less will be sold not the same amount. So how to get to that easy sounding "Raise commodity prices and problem solved". The way to increase price is to decrease supply or increase demand. China has booked less than 200 million bushels of 2019 soybeans, so meeting the reported goal of 1.1 billion will take a whole lot of buying ( this from the weekly soybean review ). [/QUOTE]
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