It didn't take long for this idea to quickly percolate through to the media. This in Australia's Financial Review newspaper:
- Australian industry group GrainGrowers says retaliatory tariffs by China against US exports could create an opportunity for its members to boost sales
- China was Australia's biggest market for barley with exports up to $1 billion a year and also the biggest market for sorghum with exports worth about $300 million a year
- "Well over 90 per cent of our sorghum already goes to China. There is room for growth in that market but a limiting factor will be how much we can increase production"
- National Farmers Federation said it was fundamentally opposed to tariffs barriers ... but would react to market opportunities
Those $ amounts quoted are a drop in the FX bucket, but there you go.
Oh, 'end user' FX demand/supply is of more relevance than purely speculative flows - the 'other time frame' trader is how it often referred to, and it can influence trends (short, long term - depends)
