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20090101
20091231
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WBFF (FOX) 11
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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
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
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
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
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
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
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
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
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
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
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
Search Results 0 to 10 of about 11