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20091231
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Search Results 0 to 15 of about 16
FOX
Nov 22, 2009 4:00am EST
[ indiscernible ] essentially finished harvesting corn in china, so a pretty good idea on what their numbers are over there. their crop is going to get smaller. and australia, their crop is going to be smaller. so you've got some good support in the matters and o -- markets and this craziness in the dollar. >> we have seen a lot of [ indiscernible ] come back. we have seen a lot of this influx because people [ indiscernible ] i think it's a legitimate worry. one of the things i think some of the people are missing out there, i was at a party in chicago for [ indiscernible ] a member of the board of trade, [ indiscernible ] but at this party were a lot of veteran traders. virtually -- with very few exceptions, big yields. [ indiscernible ] i continued to argue that we have lost a lot in the quality. and yes, there's a lot of grain, [ indiscernible ] going to be grain everywhere but how much is going to be useable between the bdg problem. all kinds of things. i believe a useable supply of grain is [ indiscernible ] >> so what you're saying is [ indiscernible ] an exceptional yield this
FOX
Dec 20, 2009 4:00am EST
out to the northwest with exports to china and the far east. and when they come out there, they take that away from us without exporting them typically by the cheaper price to the south american crops. the past two to three year, we have been able to sell them easily out of that market and that market, they have a continuing area out there to make sales out there and into the the early summer. a lot of those shipments are covered. that we can get them out there in february right now. they make the sale and that will probably take about 15 minutes to cover the sales right now to the northern areas to that side. when they go away, the markets, they are 400 miles away with a very poor rail bed down there. >> so in particular, they make a big defense particularly for the soybean at this point? >> yes. >> i want to go to them because, well, his wife is china. and the inlaws live in china. and you're really following china a good thing. but you mentioned to me about the bubble now. are they going to continue to buy as much as they were out there? >> we had a question about china, indi
FOX
Jul 19, 2009 4:00am EDT
. what kind of an impact do we see countries like russia and china? are they going to be able to get us out of our economic malaise? >> go ahead. >> russia is a developing country. the only time they came up is when oil prices went sky high. they can't help at all. china and india and brazil will be the countries of the future in their economic power house. they will eventually, 20, 25 years from now, they will -- they will lead the world economy. short term, it's still this country leading the world. >> right. >> we initially had the question on the currency. while some companies are looking for another currency other than the dollar to rule financial transactions, most people tell me that they see not another competitor, another choice. and i think more and more you're going to see the euro and perhaps a type of -- basket currency come along. >> bottom line here, guys, no inflation, still deflation, low interest rates. that's it from the leading edge conference in des moines, iowa. we'll be back with more u.s. farm report in a moment. >> welcome back to the u.s. farm report. the dr
FOX
Oct 11, 2009 4:00am EDT
bearish the market in jefnlt i know there are things going on in china right now that are pretty bullish that are going to put a buying power underneath this market and in the corn crop in particular with the big loss in their crop, it will make our market a little more friendly than people would think. >> ok. gavin, you heard his comentd imhents that. you thought about this. are they different? >> i think a lot of farmers are finding they have far more bushels still to sell than they had thought only a month or so ago. what they should consider that is gravy, extra ammunition perhaps to fire off during these rallies we get on frost scarce. a mart ma hjorth of producers -- a majority of producers should already be quite well protected by this time of the year. we always put in our lows in harvest. no surprise. if you wait till now to sell, you're playing the wrong game at the wrong time. >> when you get in the feelt field and you get 20 bushels more per acre and get a couple thousand acres, what do you do? >> it's a terrific problem to have. you should only be a seller in balance
FOX
Aug 23, 2009 4:00am EDT
. there are many positive elements on the horizon as well such as strong demand from china and glimmers of hope from dairy and other livestock industries. the larger problem, i think, is our impatience or at least attention span. in a colored of constant communication, fast food and downloadable products the concept of wasting for months or even a year or so to work through a massive inventory of grain seems positively anti- delifeient. we'll have to dial with it. nature will not be hurried. besides, after 10,000 years, i think it's safe to say we're in a long-term profession. commen us-fa >>> as always, we want to hear from you. send comments to info@usfarmreport.com. or leave us a voice mail by calling (800)792-4329. >>> coming up in our next half hour, one family's special relationship with a famous cattle breed. stay with us, the second half of "u.s. farm report" is coming right up. today on u-s farm report... >>> u.s. farm today on "u.s. farm report" ... >> pork producers ask for help. >> it increases slowly on american farms. >> boat owners remain reluctant to embrace ethanol blends.
FOX
Nov 15, 2009 4:00am EST
sold the south koreans some corn, but the origins were u.s., south america, or china. so that's that. so i mean, this program right now, to me, like in corn, they're going to miss in thing by a couple hundred million bushels. >> what do you think the government has? do you think the government is going to be low or high? >> i think it will be down about 1-9 in corn. the government took off a half here on the report tuesday. and i think that you know, the yields will probably stay pretty much the same. the beans will probably uptake a little bit from here. so that was that storiment but the bigger story was really this black mold, this -- >> the toxin. >> it hit the market yesterday. that -- that is the, you know, that's the thing that comes out of left field on you. and the spreads look like they're going to do the function on it if it is -- and if it is anything that's substantial for maybe three or four weeks, at the most, i can't imagine that thing becoming more than that and some of the earlier planted corn was probably the thing that did it in ohio and indiana. >> mike, would it
FOX
Nov 29, 2009 4:00am EST
exporter isn't in the market at all, argentina, and china is building reserves, you have the potential to still seek some better prices at this time. so, you know, china is not happy with us and neither is brazil with the dollar going down because we're so competitive against china and also for brazil for their pricing of their beans. but in the meantime i think that we're gonna see some chances for much better prices in corn, you're gonna have an acreage fight this year, this last year you didn't because the ethanol industry was suffering but that's back on track so as screws stands it holds its ground here and one way to kind of keep an eye on these commodities is the balance particular dry states. we have hit 6-month highs and we're not superfar from where we were in '08. >> i see you nodding. >> quite a bit i agree with but the u.s. is starting to come under a lot of pressure to do something about the value of the dollar. >> at the g20 where the dollar isn't the standard any longer. >> yeah. >> a lot of that pressure is coming out of europe and it's because of china's peg
FOX
Dec 6, 2009 4:00am EST
poultryproduct exports. >>> while the usda is still awaiting details from china on the conditions for the resumption of imports of u.s. pork, ag secretary tom vilsack says he is hopeful u.s. pork exports to china could resume in the very near term. china announced this week it isofficially lifted restrictions on iment po -- imports of u.s., canadian and mexican pork. china instituted the ban as mart of the h1n1 outbreak. despite lifting the ban, details on how and when shipments could resume are not known. few market analysts expect volume of shipments will come anywhere near the hefty buys of pork that china made leading up to the olympic games. >>> because of the unprecedented harvest delays, the ag department says it will extend its weekly crop progress by at least one more week this year. the usda says that will help them get more complete results for their report. meanwhile, this week's report shows corn harvest at 79% complete. the five-year average is 97%. the soybean harvest is all but wrapped up sitting at 96%. that's it for the headlines. it's time now to join john for crop
FOX
Sep 6, 2009 4:00am EDT
china's economy slows down a little, we have a secondary low in the dow next year and all of a sudden the dow relationship to the corn we have a flat to lower market. you know since 1970, the average cycle length of corn is about five and a half years from low to low. that implies that the long-term low for this market is 2010 confirmation. everybody believes that next year is going to be like 2007, 2 # 008, a quick bounce back. and things have changed. >> we're going to be back with more u.s. farm report in just a moment. [applause] >> our round table continuing at the farm progress show. with us today is bob utterback. we have been talking about actually kind of how low corn can go if it -- we get everything in. the yield and the yield of course is the key. and nobody knows what the weather is going to do and that is what it takes. some guys talked about whether or not the dollar or the dow is going to affect corn prices. and somebody brought up china. i forget who that was at this point in time. is the dollar going to affect what has happened to corn? >> well, the dollar has
FOX
Nov 1, 2009 4:00am EST
right up. >>> "u.s. farm report" is >>> today, on "u.s. farm report" ... trainer droops china droops its ban on u.s. pork as diplomatic efforts work. and we'll all be yawning at 9:00 p.m. as it's time to fall back. >> "u.s. farm report," brought to you by chevy and their award- winning cars, trucks, and cross- overs. good morning d welcome to u-s farm >>> good morning and welcome to "u.s. farm report." i'm john phipps. >>> states that allow issues by citizens to be placed directly on the ballot have drawn the attention of interest groups who are frustrated by government inaction. encouraged by the myriad and sweeping changes enacted in california by this method many of the 28 states are seeing much more interest in such reference data. many of us will be watching the outcome in ohio of such a measure although there it's a full blown constitutional amendment. they tend to create waves that spread. direct democracy can be a good balance to government by elected officials but it can also introduce a real wildcard into the deck. let's get started with the news and al pell. >>> thanks joh
FOX
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
FOX
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
FOX
Aug 16, 2009 4:00am EDT
carbs and energy. >> china is still buying beans. >> yes, exactly. you of course have got the india situation. >> yes. >> and the drought over there affecting their crop. >> the yes. >> the bottom line is once we work our way into harvest it will be really tough with the kind of numbers we have for wheat and corn to put any upward mobility on price. a stopping bias to the downside. it will be really tough to overcome that on the corn and wheat side for right now. you know, beans are kind of, you know, they are that crop that could make some upward headway under the right circumstances. >> certainly the volatile crop. >> well, yes, very volatile, of course. that's their history. but their situation is the best of all. >> i want to go to gregg and get his comments on that, too. he is sitting there listening to you and not smiling and nodding at everything that you said. >> no. no. [ laughter ] >> well, we do have this poor monsoon going on right now. but there is -- it looks like there is a good possibility that could change here over the next week or two, at least for the meteorologi
FOX
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
FOX
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.
FOX
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
Search Results 0 to 15 of about 16