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Aug 2, 2009 4:00am EDT
, eastbound though -- even know china just bought new crop essentially, they bought a little bit of old crop, we're definitely tight. there's no doubt about it. >> explains why the price went up, right? >> absolutely. other thing you have to look at is china tried to sell twice this past week or the past 10 days out of their own reserves at this point. both failed. claimed the price was too high. they bought those beans way back at a time when they were at a higher price. at this point, the importers from china are looking at cheaper will wl it's brazil or u.s. products tip at this time to bring into the country. >> i want to stay on this price movement a little bit because corn also had actually went down and the government had said we haall these acres and corn recently had a good yield. now the government has gone back and see whether or not we have that acre. where are we on corn? al, i think the situation in corn will have some obviously bearing to the overall grain complex out ahead, but corn, everybody seems to feel the crop is made. if you ask the people up in southwest minnesot
Jul 12, 2009 4:00am EDT
positive. we are sewing sowing a lot of grains. soybeans have great demand in japan and china. they are not backing off at all. yeah, i think you have to take a trading approach right now. i don't think you can expect to buy soybeans and take a dollar out of them in a week or so. you can buy them and take 20- cents off or 30-cents off. that's the attitude you want to have, an up and down kind of market. time has to heal this. >> we're just going to go up and down. even though we have low prices right now. a lot of guys are saying prices are going to go up and down. >> probably trading range. >> trading range. >> i'm the eternal optimist. i think grain prices, even though corn has dropped down to a $3.30 today. what was it two years ago. tw&3sdollars. we are dealing with higher levels. i don't think we're ever going to go down to those $2 levels again. not for many many years or forever. because we have a lot of things that didn't use grain. i think you have to be optimistic in the products you produce. >> we're really, looked at agriculture markets pretty good. i'm going to shift g
Jan 23, 2011 4:00am EST
subject of considerable interest to farmers. china has been a lucrative customer, but for other industries china has been quite frankly a cheater, a thief. no where is that more -- than intellectual property. in the tiny town of clay city indiana, the pottery company produces marvelous hand made pottery. we toured their factory. a few years ago their unique pieces were featured in upscale retailers like eddie bauer. one spring their orders just dried up, although exact duplicates of their pottery was being sold. now the 6th generation works at the pottery. there are hundreds of other stories from construction cranes to software. chinese manufacturers simply ignore the international rules of ownership or intellectual property. we need to grasp the wider picture and weigh carefully at what cost to our fellow americans. let us know what you think. sends e-mails to -- or call and leave us a voice mail. >>> coming up in our next half hour, how cut flowers make it from the farm to one of california's biggest city. stay tuned. the biggest part of u.s. farm report is coming up. t-t-umyñólvs. >>>
Nov 14, 2010 4:00am EST
of -- prices leapt upward only to be smacked down by an interest rate increase in china. these are are -- the rise of 1.3 billion people from abject poverty to improving standards of living is an indicator of growing freedom and economic possibilities too long denied them. let's check the headlines. here's al pell. >> soybean prices soared yesterday. at the same time, ag department cut its ending stocks figure. usda pegged stock production at -- both down from a month ago. two bushels per acre were registered in kansas, nebraska, and south dakota. the record also calls for record yields in louisiana, new york, and wisconsin. what traders were not expecting was the big cut in carryover. >> the big surprise was on carryover where usda cut a million bushels for 2010 with the result of a smaller crop estimate and also an increase in the export estimate thanks to very aggressive chinese purchases in october. >>> now, stocks projected for 2010-2011 at 185 million- bushels, that's roughly half of what was expected three months ago. in this market environment, it didn't take a whole lot to
Apr 25, 2010 4:00am EDT
going on in china. >> they bought a lot of beans this week. >> my read on it is their corn market has been rising as we have been coming up since last fall and so corn was around 717 today. and this shortness and this tightness in their corn market where they don't have enough grain. they have 5 million metric tons of beans coming this month and next month. it looks like they are on schedule for the next month which they usually do around 4 million metric tons so they are doing this extra purchase. the numbers don't work to use corn over there as they are substituting beans and meal. which is why they are having a little riff with argentina. they are not going to need the oil. so this whole thing to me on the strength and beans comes from the fact that they are short on corn and they are going to crush extra soybeans. >> is there guess that plant the corn. listening to -- is there guess that there will be plenty of corn available so there is no rush? >> from their standpoint and ours we feel like our weather is really good and we are going to come in monday with a 50% planting or some
Jan 30, 2011 4:00am EST
. >> that can thank you, john and hello, everyone. global supplies can't keep pace with china's demand. hit -- that's more than double a year ago. growers are adding cotton acres this year. >> right now we're looking at the come -- commodity prices so we're very suitable for cotton so we're probably going to double our acreage in cotton. we'll probably back off from rice a little because the pricing there looks weak. >> reporter: an additional 2 1/2 -- some growers wondered how many acres cotton will take away from their favorite crop. >> the cotton competition, cotton up a dollar abpound. soy beans over 13. well, as a farmer i've got to pick out which one is my input cost and that is a big decision that's going to need to be made between now and planting day. >> reporter: peanuts are hitting 550 a ton but say they need to hit $600 to compete with cotton. some of the most successful farmers gathered this week. among the attendees, the 2011 producer of the year. jim klein from hartford city indiana. klein was one of three nominees that looks at not only the business ledger but community
Mar 28, 2010 4:00am EDT
from the u.s. they imposed serious restrictions on u.s. pork after the h1n1 outbreak. china was the seventh largest beyer of u.s. pork accounting for 6% of total export sales. the value of prime iowa farmland continues to tick higher. it's n its latest update, the realtors land institute says values climbed nearly 6% during the period ending march 1. all nine the reporting districts showed an increase with those in central iowa showing the biggest interest. it credits a number of factors for the improvement including favorable interest rates, lower crop input costs and strong cash rents. pasture and timberland values improved up more than 4%. >>> ag department economists are getting more bullish on the dairy market thanks to an improving supply-demand outlook. in the latest update, the usda says herd consideration will continue through the --contraction will continue through the end of the year and demand is xed to climb as our exports. it is averaged more than $16 up from $13 in 2009. >>> california leads the nation in milk production, so the milk down in 2009 was particularly pain
Oct 24, 2015 5:00am CDT
government spending. china is lifting restrictions on u-s pork processing plants, opening the door for as much as half of u-s pork processed in the u-s. china banned pork from u-s plants after officials found traces of ractopamine starting a year ago. imports can now come from 14 u-s plants and warehouses. china is the largest buyer of pork. a supply and demand imblance is creating a slow recovery in the global pork market. a new report from rabobank shows adverse exchange rates hurt pork trade in the third quarter of this year. and with elevated price levels today, the remainder of this year will be challening. rabobank says looking longer term, the main question is how much growth we'll see in major importing countries, and how that will impact trade. the u-s is putting the breaks on milk production, with the latest numbers showign the slowest rate of increase all year. the u-s department of agriculture says milk ouput grew less than one half of a percent in september. and looking at the third quarter, production rose almost one percent. california continues to lead the pack in t
Oct 29, 2016 5:00am CDT
week, but that's 12 percent above the four-week average. the biggest buyers china, mexico and italy. it's been a slow soybean harvest in central illinois this year, as many farmers are raking in record yields. we stopped by to visit with farm journal field agronomist ken ferrie this week. he told me april planted soybeans are yielding much better than the crop planted in may, as the later planted crop suffocated from sudden death syndrome and emergence issue. but even then, farmers are seeing a lot of 60 bushel plus stem. slowing down some of hte combine by 2/5 miles per hour. and can't cut too early or too late because of moistures, natinoally, soybean harvest is right on pace with average as 76 percent of the crop is harvested. farmers in the western corn belt still battling rain.. iowa is trailing the average pace by 9 points. nebraska is 10 points behind. the nation's corn crop is 61 percent harvested. one point behind average. that's a 15 point jump in just a week. cattle prices trending higher since mid october. the momentum supported by usda's latest cattle on feed report, fi
Feb 5, 2012 4:00am EST
certainly concerned about demand out here. greg is kind of an expert out here, on china, but from what i see, we see them backing off the last couple months, so that concerns me. it's been -- we've never in this down there i had three years of increasing trend-line yield, so it would be unprecedented to have the third year. if we do something in these markets that's unprecedented, we could have an unprecedented reaction and price. i would say that we might have to go a little higher. but i believe that -- i was taught in the university of illinois, in ag school, many of you might remember tom and he always used to say, mother nature takes care of excesses and mother nature takes care of deficits. i hope mother nature takes care of the deficits. >> what about china, greg? what's your outlook? we're talking about a percent off of 10% growth. >> i think the chinese leadership is more interested in control. they just announced the other day that they'll increase crushing capacity another 12 million metric tons. so their biggest thing will be civil unrest and having their food inflatio
Feb 21, 2010 4:00am EST
in the same boat this time. let's bring another country in, china in, who -- there is a lot of money goin' both ways from china and the united states and there's some discussion about they might even revalue their currency. what will that do. >> they may not have any choice. as the dollar sinks lower they are going to be tied with it. otherwise, and it, if you get a de facto re-evaluation whether they want to to come out and do it or not. the chinese government, they are very circumspect about what they say in public. as opposed to what they are doing otherwise. what they did, they did execute a stimulus and i think brilliantly. they put people to work and got their economy going big-time. you have to remember, though, they have to grow 100 million jobs every year just to break even. just to, you know, constantly have to generate the enormous amount of jobs just to keep up with the population. so it re-- they, having them at a very high growth rate i don't think is nearly the threat that it's sometimes perceived to be. it's not a race you you know, you get a prize for that, it's how
Feb 6, 2011 4:00am EST
exports to china. there's also a discussion about the shrinking livestock herd in the u.s. >> it has been shrinking and continues to shrink. when you see the numbers, they're pretty abysmal. we'll sending half the heifers off the feed lot. we continue to see our costs go up. >> the latest usda cattle report says beef replacement heifers down five% from a year ago. with rising costs, some producers are choosing to take their herds to market earlier. >>> for the second straight year, the ag department is offering a general signup for the conservation reserve program. acknowledging the volatility in grain markets, these acres won't go into effect until the fall. land can be enrolled for up to 15 years. if you have a contract, you can make a knew contract offer if it's set to expire this year. your contract would become effective october 1st. signup begins march 14th and run through the 15th of april. that's it for the headlines. now back to john for crop watch . >> crop watch, this week take as tour of the heart land, a wheat grower from kansas checks in. he had bare fields and bitter c
Feb 7, 2016 5:00am PST
our soybeans go straight over to the pnw and directly to china, so obviously if we have a leader in office that is going to have good relationships with our trading partners, that will mean good things for us as producers as well. >> i think in general we always, as americans, have something at stake in elections, but there are some specific topics that got a lot of coverage, and the ethanol and senator cruz, that whole issue didn't play out like i thought. >> no senator, cruz, it lot of poise the last few days, and he started talking softly. and when trump got louder cruz got softer, and i think people heard that voice and they rallied around him, and i think he changed his views on ethanol. i'd imagine you'd have to if you're driving through iowa and hitting all 99 counties. >> did he? did he change his views? if you really parse that what's your thinking, duwayne? >> well, personally, honestly, i'm not listening to too much of what they say right now because promises right now don't mean a whole lot once they get into office. sometimes i've seen it before > especially in iowa. >>
Feb 14, 2010 4:00am EST
, brazil, india and china. this week, the world was rattled by a new set of islands, the p. i. g. s. they're all struggling with enormous sovereign debt that isstruggling their economy. for what it's worth, i'm rooting for the p. i. g. s. to get their finances straightened out soon. let's get started with the headlines and trisha slowlyia. >> reporter: thank you, john. hello, everyone. even though the federal government was shutdown for most of the week because of the snowstorm, the ag department still released its monthly supply and demand reports of the major commodities. there were some surprises especially when it comes to usage. the 2009-2010 u.s. carryover of corn sits at just over 1.7 billion bushels, 45 million bushel drop from the january forecast. the analysts at the ag department forecasted a higher use of corn for ethanol. meanwhile, soybean carryover sits at 210 million bushels down 35 million from january. that reflects continuing demand for soy exports plus a higher crush. >> continuing strong exports of soybeans, we continue it seems like to sell soybeans as fast as
May 20, 2012 4:00am EDT
thing because china eating into the eu, the production, the standard of living, it will not go down at least in the area because the communist party will make sure that there is plenty of things and especially hawks. >> and china made some big purchases this week or. >> yes, there will be two types of buying, out of china. there will be a small amount of corn and that will be picking up a lot more, and i think it will end up building a reserve, and i think that will take place in new cross court right now, the reserve people are the ones buying for the state, and the price sensitivity is probably different than it is for the end-users over there. >>> i think that the big news for next year is, china has finally arrived, and there will be a major buyer of us corn. >> let's talk about the corn still out here in the bin that has been sold yet. it seemed like those prices went down, but it went higher and higher. >> well we took advantage of these price moves that we have been selling out of our options. our average price was $6.97 and a half and we have diverted our attention now to the 2
Aug 9, 2009 4:00am EDT
ingredients. >> you mentioned china and what they're doing. because they have been buying beans like there aren't any more beans. >> and you can tie some of this to the dollar related activity where they're buying beans. you had essentially a billion dollar hole in the agriculture crop. china is producing like seven times more pork than the u.s. so you're seeing this pork over there but they need it and they use it and they want to be self sufficient using pork. so our traders expect we're going to sell pork to china because we did last year. no. they ran out of grains last year. so we had to substitute using pork. but we're selling to our traditional buyers and we're up 4% for the year on pork. china is going to stay out of the market. that will not change. they will buy their monthly purchases which is what they are doing now. >> okay. i'm going to ask you -- these are going to be tough questions. we've got producers out there that rely on beef, rely on pork and corn. what are they going to do? do you have a recommendation what you think they should do. >> they want to try to
May 6, 2012 4:00am EDT
week, altogether. but the market rallied at $15, and so we got a price where china doesn't like the price and doesn't want to own those beads at that price anymore so they start doing new stuff. >>> they are looking at the other carryout, where it all becomes one, and i think they would buy all the excess corn, new crop corn, that we would permit them to buy. >> okay. we will come back with more of that discussion in just a moment on us farm report. >> we are back with our roundtable here today, and one of the things that we were talking about in her statement was -- when you were finishing up with what china had done last week, actually in terms of purchases. can you bring us up-to-date on what will happen in the future? >> while i think the bean purchases have gotten caught up. it took a longtime code to do it, but conveniently they were about 30 or 40% behind in purchases and now the market has advanced about 40% at the same time, and it's like, i don't think anyone wants to pay this price for beans. and if i have one trait as a farmer and would be selling as much new crop as he
Nov 13, 2011 4:00am EST
demand is a big fear issue. nobody knows. >> we are concerned we aren't seeing the china exports, into china over soybean. >> they aren't buying as much. >> they are slowing down and we are seeing problems, certainly if greece and italy fall and he with have more problems in the european union that will be a real knock for our demand for grains around the world. it's one world pot when it comes to grain. if the europeans aren't buying australian or german or whatever they can get chances are they aren't buying ours either. it's all playing into one big pot and that pot is the demand pot and that looks like it's lower. >> hear you talking act supply and demand. talking about grain, about use and that kind of thing. i know you -- you are talking account what happens to the outside. we probably should point out you are a speculator and don't represent other people in this but yourself. >> yes. i fund my own account. trade my own account and when i have an idea i put the trade on and seems like more times than not -- by the end of the year it usually works and the opportunity for a s
Sep 27, 2009 4:00am EDT
is a different situation. china already has 370 million of corn contract they did business with us. they wanted most of that between now and march because they can't get those beans out of south america. so you will see the trade trying to get you to sell the cash beans and when i say trying to, that means either the board is up or the basis has to be push because the pressure is trying to keep it from going to the gulf or the bmw. but with all of that export business it has got to move. so to me that's as you sell the beans maybe three or four months rights off the combine in some cases corn is probably a better long-term hold from a basis stand point. >> just are you saying that soy beans will go down in the future? i will ask bob that question again in a minute. >> if you can entice the south americans to plant and they get it planted and all comes up you will want it to be all sold or most of next year sold because they are going to flood the market starting in march. >> what do you think? >> i think allan is essentially correct. it is a market where you have to be timed right.
Jan 3, 2016 5:00am CST
recently took out to china because it was; it gave you some good insight into the economic situation there, and they're a major x1e;x1e; >> well, i think; the one thing i noticed was they have some problems in their farm program, and so, like, those things are going to get ironed out. the way that they use quota prices to buy grain. that's all going to change. it wasn't a very good way to do it. it pretty much messed up their rice storage and their rice usage in where they buy rice and same things were happening in corn, and so you're going to see that whole program flipped in the next x1e;x1e; they're putting together, like, a threex1e;year plan to really go to a world price, and they're going to try to open the acres up to bigger livestock side of it, particularly beef and dairy, and they're always with the onex1e;kid policy, everything's changing to two. i think you're going to see economic growth and you're going to see more consumption on all the livestock and that kind of thing. >> so could be some more opportunities. >> but you're going to see yields go up in corn as well. >>
Feb 14, 2016 6:00am CST
have a lot of stocks. we filled a lot of cracks last year trying to make upfor china's loss of imports. and as we worked our way forward, we now have a new home for all of this new product and it's not showing up. so the pressure that puts on our markets is farily significat. > with milk sitting below 14 dollars, he thinks the annual spring flush will pressure prices even more, possibly down to the 13 or even 12 dollar range. those are the headlines...meteorologist mike hoffman joins us now with weather. mike, do we warm up any next week? thanks, tyne. absolutely. if you were cold last week or very cold right now you are definitely going to warm up. how much depends on exactly where you live, but it will definitely be more tolerable, are seeing a little bit of extreme drought there popping up in western portions of montana as it gets dryer there. the worst area of california, nevada continues to slowly shrink, but it is still taking a while as it does with long term drought we are also starting to see some pockets of slightly dry conditions in texas now. let's go day by day this week:
Dec 4, 2016 3:30am CST
buying in china because of the soybean meal demand and the soybean oil demand because of the problems still in malaysia with palm oil production. so that demand is what is making a market move. and we saw that again today in the weekly sales report with huge number for this time of year for soybean oil exports. so it's that chinese demand. but when we look heading into january now, and we see some of the south american production come online, it seems like we're gonna have some intense competition where demand will not be able to continue at this pace. well because of planting beans so aggressive this year in montegroso, so they're gonna have about twenty five percent of the crop harvested earlier than normal. and that kind of t of soybean export window here. let's keep in mind that brazil because their supplies were tight last year, may not be as willing and aggressively selling early in the marketing year like the market's anticipating . their pipeline's starting and more empty than what it has in the past. there is going to be some domestic suction that'll happen that'll keep them
May 30, 2010 4:00am EDT
the rug out of that. the other change is china. this is the first time in 14 years that they have bought anything significant, and it is a big deal. it's a big deal for the industry because it's an unknown. and of course last week, jci they reported there was going to be another four to five -- that's 8 million tons total that they could buy. so it's the unknown of china and it's the big money coming in on one day for inflation then the next day they leave on did he leveraging. >> now that's his comments do you have anything to add to that? >> , i think bill did a terrific job of under scoring some of the top factors really providing at least a temporary floor for the market. just the notion as you look at the demand base on corn. when you look at the demand increasing here in 2010 and in 2011, we look at the export potential and you look at china. you don't know what that demand might be. but when you bring it all back, somewhere around 13.2, 13.3 billion bush he wills of corn use acknowledge we need a large crop here this fall. >> okay. you guys are talking off cam are and i was
Nov 21, 2015 5:00am CST
be heavily pursued, bloomberg reporting the cocoany recently rejejted chem-china's 42 billion dollar offer. but now monsanto company is saying it begemann stating during an inveveor meeting this weekekhat they've been studying every possibility for consolidation in both the seed and chemical sectors. and syngenta remains a possibility. syngenta's previous c-e-o mike mack announced he would be stepping down in august, after the company rejected three takeover offers from monsanto. snow and cold weather isn't going to help feed yards with efficiency. that part of the industry still struggling under the weight of a falling cattle market. sterling marketing says feeders were experiencing an average per head loss of 518 dollars. the extreme losses already impacting feeder cattle prices in the cash market. october retail egg prices dropping 5 percent to 2-80 a dozen...that's down from the previous month's all time high of 2-96 in september. the number of laying hens now rising for the 3 straight months. the poultry industry lost 48 million birds to avian influenza in 2015...38 million of t
Apr 18, 2010 4:00am EDT
yield and china quits buying? >> scott makes a great point. there is considerable downside when you look at for example december corn bushing $4 a bushel here. one can look at a scenario of 14 and a half bushel crop and maybe bigger if we plant more acres. then you look at the notion of our feed demand suffering because the livestock folks struggled. i can see december corn at 2.50 this fall. >>> we'll be back with more u.s. farm report in just a moment. >>> round table guests this week. we are going to talk about the world situation and how the world effects united states agriculture. all eyes are on south america and the southern crops and what they are doing. i understand that soybeans are really pretty good but they can't ship them at this point in time and that is going to make a difference to our beans. >> when you look forward from midapril to summer and early fall and i think south america is going to own the soybean market. there will be windows to ship from here to there. i think as long as they can get their logistics straightened out they will own the soybean market president
May 29, 2011 4:00am EDT
bit but the demand has been great, china is a big factor, plus our domestic areas. do me the bigger question is what will happen in the next six months, right now strong, strong demand for corn. >> you were going to comment larry. >> i think -- we may not get the price that much higher because i think there is some demand. this may be the -- year you want to leave all the delivery points open, learn how to track and trade the bases level, i think we will get more moving in the basis, already seeing parts of the western corn belt. don't get mired in to thinking we will just trade this, the cash price based on the board, learn to track the bases and be ready but definitely leave the delivery points open. >> okay. we will come back with more in just a moment. . >>> mark had a comment, kind of related to what jim was saying about -- . >> taking the bases. >> great point. >> one of the things i talk about in my seminars, one of the key point is track your local bases. we see in a 50, 60-cent swing in bases. if you can learn that we all talk about marketing and where we think price also g
Apr 22, 2012 4:00am EDT
we don't know what how much china will buy. >> it's kind of business as usual. the usda reports in support of the market there's just enough with the buck 10 to december, now trading around 65-cent level. >>> the idea is that there will be more corn in the pipeline sooner this year therefore taking the premium out of the old crop. >> sure, it's looking at additional we into the pipeline sooner this year as well as corn harvested in september for september delivery or even late august. >> so talking about corn or feed, you are talking about maybe kind of the negative trend for our farmer. >> how about soybean, we haven't mentioned that yet. >> they are the shining star of commodities. april was the disaster for livestock, talk on the corn market, the weather was good for corn and beans were an excellent export activity. we summarized brazil and it's an phone market. >> do you think we will see $15? >> well, we traded highs today. but beans could go cryer, kyra. new crop, i think i'm bearish. i think you need to be selling this. i think on june 30th we will see more acres, and we tal
Sep 25, 2011 4:00am EDT
perform horribly as of late, and one of the reason is china will be out of the market because their banks are closed for the week. so you don't see the end-user by another the market, but as we go through next week i think our lows will be put in november the 30th crop report, and there's it pretty heavy seasonal waiting for beans to drop, and, i would by corn on the break. i think it's pretty good value here, especially after we have seen the snapshot of how low the yields are, i think they are between 141 and 145 for the national average. >>> and i think once china comes back and it's open, there are lots of soybeans. i think it will be okay. >> i think we will harvest less than without blue harvest this year but those are just guessed numbers and we won't know until we get to harvest. >>> we need to know whether we will have its supply or demand too much one way or the other. >> i would suggest right now that supplies would be in short order relative to demand. october should have some revised estimates on the harvested acreage and i agree with andy, i think contrary to what some
Aug 15, 2010 4:00am EDT
scared because there seems to be weather related issues all over the word. china with a flood and pakistan and india with terrible conditions as far as flooding and drought. and when you look at the global s and d numbers. what was comfortable numbers 6 months ago. the demand factor will change things. >> then you got the meteorologists talking about drought pattern you have solar sun activity that is inceasing. which will increase the drought. you have concern about the demand function and and supply variablity has woke eneven up and this is a time for me as a bear to take a nap and not press the market. let the market sit and i think you could be active from now to next spring giving good long- term opportunities. kind of let the bull run. >> let the bull run, okay. >> i think it's a numbers game too. when you look in the global situation and then narrow it down to the united states alone i'm looking at a september of 11 ending stock numbers for corn around 989bushels, and that is a ratio. if that comes to bear, and certainly it will come to bear if we have a weather problem nex
Apr 1, 2012 4:00am EDT
in 9 bean stock but that demand has been huge. china back to buying united states beans again. sot demand across the board, corn, beans and wheat very large demand base built newspaper all three of those. >> that really once we come up with the report is supposed to drive prices up. maybe people are speculating. >> you have to ask yourself a lot of times markets top on reports, have you the bullish reaction, next day that will start peeling a.. the number have you on corn, the old crop corn or will we have the continuation of fund liquidation. if you have that will push the market lower near term. they sold something like 60,000 contracts this week in and maybe there is another 60,000 to go. i'm not say tag will happen but i would say that the market action -- if you don't maintain the gains, you have an issue near term but you could just keep going up. i'm not it. i will watch the action but if it's not good action i would be careful. >> you are not the first market analyst to tell he that of course what happens after the report is really going to tell you -- it takes a day or so
Feb 27, 2011 4:00am EST
china, we're talking about ethanol, hogs, chickens and we're talking about cattle. what are these prices going to do if it hasn't already started to those. >> well, $6 was tough, $7 is taking a way a lot of profit margin. in some places like the poultry market, it's eliminated it. on this break this week they put on another 2 to 4 weeks of usage, so they are locked in where they can make money even if we go to $8, a lot higher price, they are still going to have corn they can grind out at this sell out we just had this week so i don't think you're going to see the kind of price rationing that we would normally see at these price levels because these guys are pretty well covered. >> you are nodding that you agree but i also see a little frown. >> no, i definitely agree with that. it does make a big difference, though, for the first time we are seeing the profit margins fall apart so i think that is a red flag but i do think it is a little misleading what you said, i think we're timely at -- finally at a level, ethanol the margin is not friendly at these levels and soon it's going to. >> l
Oct 16, 2016 3:30am CDT
smaller than forecasted in the previous rger than expected purchases out of china, the world's largest cotton buyer, raising the estimate of chinese buying by half a million bales. florida's orange crop is projected to be a whopping 70 percent lower than 20 years ago. florida ag commissioner adam putnam using the startling statistic to push for a cure for citrus greening. usda's forecasting 70 million boxes of oranges for the 2016-2017 season. that's off 14 percent from last year. cattle prices continue to slump this week. u.s. cattle futures falling to a six year low tuesday. october live cattle futures settling at 97- 50...that's the lowest closing front month price since october of 2010.
Oct 18, 2015 5:00am CDT
talk about exports. we had a sale of 240,000 to china that morning. we had good export inspections. but the bigger deal was weather. we're getting a little concerned about some dryness that we're seeing in northern brazil. they're well behind their five but it kind of reminds us a little bit about last year with the el nino pattern that they've had. they could end up being better. if they get the rains, is, can they get that second crop of corn in or not? if not it might have to go to beans, which means even more bean acreage. >> so if we do have more bean acreage and not a lot of weather problems down there, that doesn't sound good. how do we prepare here in the u.s., mike? >> well, that just cues up the same talk that we had before. if we end up with that added acreage in south america, that will put a lot of pressure on soybeans. we obviously need price to buy acres, but it's not such a large price that we need to buy acres on corn that guys might migrate towards more corn and less soybeans. $4.25 probably gets it done, and we're not far off with that right now with these futures jus
Mar 21, 2010 4:00am EDT
we raise, many of half go into china, so the canal ends up being very important, everything going through the gulf of mexico goes through that canal to china. i feel very good after seeing the canal and the way it's run and the leadership of the people running the canal that we can feel very good about this market in the future. >> a group of farmers and journalists got a first hand look this past week. they're part of the frontier study tour at top producer magazine and the united soy bean board. now they've moved to brazil. that's it for headlines. back to john for crop watch. >> crop watch this week begins in southern texas. that's where you have to go to find planters in the field much however, following a cold and wet winter, a grower in oasis county says he's having to plant and fertilize at the same time. he's hearing reports of stuck sprayers, cultivators and planters. in washington, dry land, early seeded wheat is off to a good start. moisture has been average this winter and there's been little winter kill from a december freeze. overall, the crop is about two weeks ahea
Jan 22, 2012 4:00am EST
is more competitive. we started doing corn business this week. china bought a few cargoes of united states beans. >> i understand china is probably not going to do much business this week because of the lunar new year. >> probably going to be quit for the next week arviso. they have become profitable on their crush margins domestic i and that could bode well for use. >> when you see the markets moving like this and you look at the technical aspects of this thing what are you looking at now? >> i'm looking at to me something that looks really positive. i'm always bullish corn. essentially we don't have any corn. i don't think we have the ability to go down and stay down. we just had such a lack of supply. when we pull down in price -- we have the demand which is human. a year ago today it was 650 on march corn, now it's about 610. we are cheaper in price and we have according to the u.s.d.a. 283 million-bushels less of corn than a year ago. so less corn and a lower price. doesn't make sense to me. i can't understand the bearish argument. i think we will go higher. >> you think we wil
Sep 13, 2009 4:00am EDT
. >> actually, our sales overseas has actually been pretty good. china has really been buying like they're never going to stop. what's going to happen with that? >> i think they're going to keep going. don't you? >> it will keep going. where i may dave little with mike in the year ahead at least, i think with the last two years indicated in showing to us that we've had many challenges with the crop as producers were good at it. we can produce. we can plant late if we get good weather. the assumption that we're going to have good production is there and the market recognizes that it falls apart in a hurry. i think what farmers want to focus on is seeing a little more strategic and being prepared to sell rallies. the send rallies have a balanced approach to the marketing and look out ahead for 2010 for opportunity to sell those rallies. defend it as need be. make sure you have good balance and defensive posture based on can't can't. >> we're going to talk about when we need to sell the 2010 crop. i assume we'll be back with more "u.s. farm report" in just a moment. >>> round table guest this
Dec 13, 2015 5:00am CST
cindi. last week we heard about plansin china to build a factory that rolls out a million clonedcattle a year. in the u.s. livestock clones have beenaround for quite sometime. and in today's farm journal report,tyne morgan takes a closer look at new research into clones andtheir potential to impact the feedyard. a thick black coat,nice depth of body.... these may look like your typical calves,but it's their genetics that makes them unique. these are notcloned animals, these are products of cloned animals.>you're looking at the first research at west texas a&muniversity's ranch just south of amarillo. we're selecting for agenotypic trait, instead of a phenotypic trait like a lot ofcloning projects have done. that means the researchers want theanimals for the quality of their meat. we wanted to improve thequality of the beef carcass in the national, the prime yieldgrade 1 carcass, it happens .03% of the time in the population,so we wanted to see if we could improve that. just the slightestbit would help out the industry" since the clones aren't enteringthe food chain, this is nothing mor
Jan 8, 2012 4:00am EST
china, we want south american weather. all of this playsn. >> we didn't used to do that it. >> no. all of this as we have gone worldwide, makes a producer come to the table to address his risk. >> he has to and he meet that guy across the table we call a speculator and they -- they exchange risk. that's what it's about. >> i think that --. >> you and the farmer. >> you know i bought a farm so i have more time to talk to farmers and i take off my suit and put on the car harts and we talk to markets. i think the interaction i have had with the farmers have been wonderful. you know in a few months we have having a big seminar and we are inviting a lot of farmers to talk, what do you see changing, if it's something about seed or hedging your risk in the worldwide aspect of the market. >> it's more opportunity to make a profit now if you do it right? >> absolutely. couldn't be more correct. >> we will be back with more in just a moment. . >>> mike hoffman here to look at the weather for the first time in 2012, what happened, did you forget to order weather? >> its been amazing. almost nothi
Aug 27, 2016 5:00am CDT
chem china getting go-ahead nod from u-s regulators. shares surged this week after the committee on stment in the united states approved the buyout by chem china on monday, boosting chanes the largest foreign aqcuistion ever by a chinese company will go thorugh. iowa senator chuck grassley is continuting to raise concers over the chemchina-syngenta deal, calling it alarming. grassley heads the senate judiciary committee and just this week he announced he's hosting a hearing on the wave of ag company mergers. it will be held in late september and it's urrent mergers on teh table, but current trend of consolidation within the chem and seed industries. as dairy farmers across the country battle low milk prices, usda is trying to help. the department says it will buy 20 million dollars of cheese, or 11 million pounds, from private inventories. they are donating the cheese to food assitance programs. that will help reduce the hefty supplies weighing on prices. currently the cheese surplus is at an all-time high. usda also recently extended the deadlien to sign up for the dairy margin pro
Aug 14, 2011 4:00am EDT
trying to influence them what's happening to them in china. how about affect us quite. >> chinese friends who went up 8% this week, 17%, the big increase of the nativity in america just went on sale by 8%. >> they have more buying power in their currencies started to appreciate and that's probably not going to stop. they are big importers of our food and i think that we'll just ratcheted up. >> other countries around the world come up with happening in your area click. >> we are selling a lot of pork which is relatively new to the far east and they are taking a lot of tended to us. and, it came up the board friday at record prices. and, one of the hot producers, the back of the market is kind of the discounts of the pork industry i think we'll be in good shape for along company and the pork industry is good place to park some money. >> well it's not only in the united states for other places. in terms of feed that means pork will go to higher prices. you see that affecting the world market? >> yes i do. i think the whole world economy right now is probably more important than the
Oct 10, 2010 4:00am EDT
demand out of china is on going. it doesn't seem to be diminished. it may occur in the southern hemisphere right now. i think overall i've been fortunate enough to wait on the cash sales. we've got about 60% of the beans to sell. 75% of the corn. i've instructed my staff to heighten their awareness to how to market reacts to the daily information. as long as it acts good, fine. but when it stops performing then we're going to become more aggressive. i've alerted our staff to keep me posted on the weather. i really have to stay on my game from that standpoint. again, the function of the market is to ration this demand. a demand on corn that's been built over 16 years without too much, if any, disruption because of the constant supply. this is the time where the market is going to have to prove itself. >> i think the market is certainly going do that in the next few days, if not the next few weeks. i think it's important to understand how long is this market going to last? that's the question that everybody is asking. certainly given all things being equal. we've got to get this p
Jul 1, 2012 4:00am EDT
out. certainly china is another issue we have to be aware of and the emerging countries in general. they are growing but about half the pace of what they were. so that's the upswing. >> popout south american production? they will be planning and coming along and what prices the way they are right now, it seems to be that we plant more acres. >> it seems like we have that issue every year. >>> i guess we are trading the markets in shorter time windows all the time. so if you are interested in hedging, you have to have everything to hedge no. i don't think you can look at it and today i'm afraid of europe, or production coming out of south america, the market will tell you technically or momentum wise, it's over. and it's just not flashing that yet, so i can't worry about those other issues. it's so strong, you have to look just towards that. >> well, and i know that has changed, how does that change for the producer? >> while the way it happens at the roundtable, these conversations are almost nonexistent inside her office. what it comes down to its mass and a bunch of calculators.
Aug 8, 2010 4:00am EDT
could see the value drop pretty quickly. >> now, china doesn't look like they're out there wanting to purchase beans right now. if they do, they will get it from south america. >> we had to make for a lack of crop down there. it looks like they will be the supplier going forward, at least from the majority of the beans. >> let's move to corn for a second. i know that your company is coming out with a prereport. you said that corn is going to average 167-bushels per acre? >> that's right. >> that's up what you earlier said. >> that will give us 13.5 crop. some of it is going go to carry out. for accurate assessment is going to come out weeks later. we're going to be doing our national survey. that's usually within 8-tenths within the crop. it's very accurate. this is the biggest farm survey in the country that we know of. >> i'm going to call this that you just released and -- >> it's all based on statistics, when it was planted, when it emerged, et cetera. >> corn prices went up because of what happened to the wheat. are they going to continue go up? are they going to stay down? >> co
May 27, 2012 4:00am EDT
with only 163. >> unless china has a bad crop situation. unless they have a crop program. the soybeans however could be more volatile. they are down to about 1 it is 1 billion they were up at about a 1.6 billion. they have 200 million. they still have a lot of beans. the situation -- if we have a poor crop or around the world that will cause a rally. >> the situation is that we are still looking at what's going on around the worm as well as and we were talking about before we came down down stairs to get the business here that actually corn is -- we can buy corn brazil, cheaper -- particularly for the east coast. >> yeah. and yet on soybeans it's the opposite. right now, you know brazil has been selling corn aggressively. the gulf market broke 25-cents this last week. >> based on. >> the fact that brazil is out stealing our customers like japan. they are our number one customer. >> about 60-cents a bushel cheaper to start the week with the calculations. we narrowed that gap now so its getting more toward the even keel. july corp.. >> here is the significance of this whole story. we nev
Apr 10, 2011 4:00am EDT
standpoint, for example, the middle class in the next five-years in china will go from 350 million up to 700 million. basically you know double. what we will see there is a constant increase in need of food worldwide. my concern and i think maybe mark will agree with me on this, we said it earlier, this rising fuel price is essentially a tax and it's a dampening effect on disposable income for fixed income people that have to get themselves into the position to buy food and energy to live. there is a point where this higher fuel price energy price will put a stop in a certain sector of demand across the world and i think that's what is worrying me. >> now, i can understand that because we are feeling in the united states. then fuel prices have always been high when you get into europe. eight and nine dollars a gallon over there. >> to me the yes is we have these tight stats, the market has to ration the available supply and they will with price. in my opinion we haven't seen any real changes in demand, e ports are still strong, we did another 800metric tons of corn. the number -- etha
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