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Jan 17, 2016 5:00am CST
customer> we'll talk about the hot buys in the equipment sector for 2016. and in john's world... <china, china, china> now for the market related news, grains saw life mid-week as usda's latest reports weren't as bearish as anticipated. usda's released the final numbers for the 2015 crop. the agency lowered the corn production tally slightly. it national average yield by nearly a bushel to 168-point-four bushels. the department also lowering soybean production to 3 point 9 billion bushels, still making it a record crop. the average yield is 48 bushels to the acre. china formally launched anti-dumping and anti- subsidy probes for dried distillers grain imports from the u-s. the announcment coming from china's ministry of commerce this week. in response, the u-s grain council says the anti- dupming and countervailing duties investigations are unwarranted and unhelpful. the council adding this could have negative effects on u-s growers and chinese consumers for years to come. crude oil traded below the 30
May 16, 2010 4:00am EDT
china, china, china...corn growers can't stop watching >>> today on u.s. farm report china, china, china. corn growers can't stopwatching this customer. bay producers adjust to environmental scrutiny. tallying up the losses from the massive flood. u.s. farm report brought the you by chevy. >>> el low and welcome to u.s. farm report. i'm john -- the result so far as to cause have been it wasn't me. seriously, not only do we not know why the dow plunged nearly 1,000 points points in three minutes we find out we don't know how much the markets work. we've added so many new trades, it is now officially incomprehensible. this is confidence inspiring to say the least. so when you see that standard warning about risks in the markets we show every week, i would take it seriously. time for headlines now. here's al pell. >> thank you, john, good morning everyone. for the second time in less than a month, china is in the market for american grown corn. china placed an order for -- tons this week, just after buying 100,000-tons. the purchase was made on tuesday night and is destined for feed
Mar 5, 2016 4:30am MST
china, rerelati teir val ofofhny ucuc, s s en joale e a majort mitation for the. cornrnindustryry there's'seen a lot disionhtt chchs ofand quit buying. i think the mbers don'n'suppt that a beenuge bur of sorghum ain this year. when you look at shipnts to date a few w eks heormmmmyclsiur actual ships are actuly 23 percenabove a year ago levels. . > wlet corre that china isisti buyingngnge latea numbers show ousususing sales to c c e more tha pcrnt behin la year. m mnwhileone ofevery four rowowof soybeanango to the lar asi customer, a marketensky dodot see backing off.
Jun 27, 2010 4:00am EDT
>> today on u.s. farm report. china imports u.s. corn for the first time in 15 years. meanwhile, more of the soy crop is headed to asia as well. u.s. farm report. brought to you by chevy and their award winning cars, trucks and cross overs. >> hello and welcome to the u.s. farm report i'm john. thanks to a lot of warm weather and an early start we have set a record for the earliest planted field. i had seen other silking a full week earlier, given the the forecast for summer, this could be a early corn harvest. a september start would be welcome this year. heck we would skip a late august vacation to get going. >> here is al. >> thanks john. the world's most populated country has a big appetite and the u.s. is in a great position the meet that demand. for the first time american corn was unloaded in china this week. according to the u.s. grains counsel the vessel cleared customs without delay. they placed orders last month and it signals that china will be in the market for more. a leader for the american soybean association said china should not be dismissed in it's importance
Jan 16, 2011 4:00am EST
soybeans is now 140 million bushels down 25 million from december. strong demand from china continues to eat away at supply. add it up, and it appears the battle for acreage will be fierce this spring. >> the big picture, guys, the big picture is that the market has not done enough to buy corn acres for 2011 seeding and soybeans aren't just going to willingly hand those acres off not with 140 million bushel beginning stocks. there's no cushion on the supply side going into the 2011 season for corn or for soybeans. as a result of that, these markets are going to be fighting for every acre that they can get ahold of between now and the spring planting season and with an acreage battle setting up like it is right now, we've got to expect some better new crops, marketing opportunities in the weeks and months ahead. for the he had tors of pro farmer in cedar falls, iowa, i'm chip flory. >>> a top economist at the usda believes the bull market will create more crop acreage in 2011. speak at the american farm bureau convention in atlanta, he says as many as 10 million more acres could come into
Jan 9, 2016 5:00am EST
fall to roughly 6 percent. adding that in 2015 exports to china were down 4 billion dollars or 13 percent. it expects that to fall even further in the new year. oil prices also trickling lower during the week--dropping into the low 30's for the first time in 12 years. west texas intermediate and brent crude both down 12 percent in the first week of the year. analysts say it's likely prices could fall to 25 dollars a barrel. oil company stocks also feeling the pressure. while parts of brazil have seen decent rains in recent weeks, our reporting partners at pro-farmer say drought remains very serious issue in parts of brazil. the leading soybean state of mata grosso is very dry...however three quarters of mato grosso saw between 3 and 8 inches of rain in the last 10 days. while the center west district - which is brazils largest soybean region - has a rainfall deficit. it's about 60-percent of normal. traders in chicago are watching closely. <"forecasts for few weeks, just about everybody will get at least some rain out of it. but until now the rains haven't been that beneficial. in
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
Feb 21, 2016 5:00am CST
. china's appetitie for u-s soybeans continues to fade. our partners at pro farmer reporting china imported 5.66 million metric tons of soybeans in january. that's a 38 percent drop from december and 17 percent less promising 2016. rabobank says after a very challenging end to 2015, margins are improving. in rabobank's first poultry quarterly report of the year, analysts say better demand and lower supply in countires like u-s, china, thailand and europe are helping reduce the hefty supply issue we saw last year. in china, new restrictiosn on breeding stock will help keep tbird numbers down. but prices will still remain volatile due to avian influenza. the chem china and syngenta acquisition could open the door for g-m crops in china.. that's according to syngenta's leadership reuters reporting, the 43 billion dollar deal likely to give syngenta unrivaled access to the chinese market--the world's largest grain producer. also heating up, discussions about oil production and the impact on prices. four major producers, qatar, russia, saudi arabia and venezuela announcing a joint agree
Nov 1, 2015 3:00am CST
. economists say strong domestic fundamentals signal growth to pick up this quarter. china is dropping its one child policy for the first time since the 1970s. this opens the door for allow two children for every couple. the communist party issued a statement, saying to promoate a balanced growth of population, china will continue to uphold the basic national policy of population control. this still needs to be approved by china's top legilsature. china began to relax the policy last year, allowing couples to have a second baby if the mother or father was an only child. dupont pioneer is no longer denying that its agriculture business could be a part of a merger. during the earnings call this week, dupont interim c-e-o said everyone is talking to everyone right now and he's talking to ceo's of other companies. he went on to say consoidation should happen and they're looking to see of anything makes financial sense for shareholders. dupont reported q-3 earnings down 17 percent compared to last year, with a 30 percent drop just in its ag business. that's it for the news. mike, a
May 1, 2011 4:00am EDT
. >> and alan greenspan financial exsue ambulance. my eyes are on the china markets. the china exchange is significant rallies, over 120% this year. >> it's just growing. >> it's just growing and because their economy has been extended for an extended time period and they're getting ready for the olympics and one question is what happens after the olympics and does the estimation make themself look good prior to 2008. could they have a little slip in '09, '10. so when they have their natural economic recessions on demand, how is that going to happen? ethanol has been basically the darling of the corn market and biodiesel for beans but now it's blamed for everything and you got an energy bill that can't be passed and could we have a flooding of the corn curb out in 2009 and 2010. >> that has to happen in the meantime. is that part of it? >> and at the same time you've got crude oil, all time record highs with gasoline still below $3. there's a disconnect between gasoline and crude oil. there's going to be a spring back effect but the economy is not being affected by -- so nobody has got
Jan 24, 2016 5:00am CST
last year, sluggish demand and market turmoil in china will only further hurt prices. canadian processor saputo predicts milk prices to remain depressed in 2016. and now it's a question of which country's producers can handle the lower prices and adapt to volatility. canada based potash corp says its halting production at a mine in new burnswick. the picadilliy mine just opened in late 2014--and was expected to crank out up to one point 8 million tons of potash a year. but prices have dropped significantly in recent years...from 900 dollars a ton in 2008 to roughly 300 a ton now. the decision to indefinitely suspend production will result in more than 400 layoffs..although it will be capable of restarting production if prices increase. those are the headlines...let's check in now with meteorologist mike hoffman. mike, things are going to take a while for some folks to dig out from this one. the good news is that storm will continue to move off shore and things will slowly improve for the rest of the weekend and it has been slowly improving in the drought areas out west, while y
Feb 7, 2010 4:00am EST
talking about corn, i'm going to go to you for beans so you can go ahead but china has been a big buyer of beans but one of these days they are going to start buying them from brazil and argentina. you told me earlier their price was $14 less than the united states. >> yeah, this week alone it dropped that much. >> okay. per ton or bushel. >> per ton. the spread is getting beneficial for them to start witching their purse purchases, whether they switch old or new purchases. >> go ahead. >> that's not the end of the world though, that everything switches down there. because one of the things you see is we have this homongous demand from china, and we did all these things so our carry out actually at this point from that standpoint it's pretty good for prices but when we switched down to south america and they start buying all these beans they use a lot of futures in the u.s. to hedge them. we still get the end pricing on the floor of it even though they purchase it in south america. we need to have them do it is still come along and make a purchase in south america and be able to use as
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
Oct 2, 2016 3:30am CDT
prematurely sold its agrisure viptera and duracade corn products leading china to stop importing the corn. which in turn caused news...meteorologist mike hoffman joins us again, this week with his 90 day. mike, how's moisture looking. thanks, tyne, as you'll see in my outlook for the next ninety days some northern areas i'm still expecting above normal precipitation southern sections least parts of the area expected to be below a normal now as far as the jet stream that slow moving storm system still in the eastern great lakes and finally gets completely out of here by wednesday as a ridge builds into the northeast look at that, another cut off coming into the southwestern plains south eastern rockies and as we head through the week our model is showing that kind of cutting off into the southern mississippi valley that will be producing a least some shower activity down that way with a trough farther north it does finally get rid of that then in tennessee a zonal flow was ripples through it as we head into sunday now let's go ninety days or months by month october temperatures above
Dec 5, 2010 4:00am EST
. one reason behind the increase, china's strong demand for u.s. soybeans. usda says ag exports show a trade surplus. as we move through the last few weeks of the 111th congress, rigorous debate continues. at issue is a blending credit and a 54-cent import tariff. this week a group of senators sent a letter urging to allow the incentives to expire on december 13th. livestock groups and food makers say the sub sities keep things high. on friday, montana's senator proposed extendingtending the tax credit for one year, but at the lower rate of 36 cents a gallon. a leading tire maker says prices are headed higher. they're boosting prices 10% because of raw material increases. at the same time, titan will boost its products as well. that's it for the headlines. now back to john for crop watch . >> crop watch this week begins in central kentucky. a viewer says it's been too dry in his part of the state. he says they got some rain recently, but not enough to make up the difference on grazing land. they didn't get as many cuttings as last year. he hope as recent blast of cold air kills grass
Oct 9, 2016 3:30am CDT
. after weeks of talk, china is officially completely removing it's ban on u-s beef prodcuts. it's a ban put into place in 2003 after the united states b-s-e scare. the moves open the door for u-s bone in beef and boness beef for livestock under 30 months of into china shot up 51 percent compared to the same time last year. this was the scene at the world dairy expo this week, as producers are facing the stark reality of struggling dairy prices. the class iii milk prices just keeps slipping. usda announcing hte setpember price falling to 16.39 per hudnrewedight. that's down 52 cents from august, and 57 cents below the same time last year. u.s. dairy producers have a growing herd and growing supplies. mke north of commodity ement groups says milk prices will need to move higher to get margins back in the black. <"as we look at bench marks toward profitability, we'll need to see one or two dollars at least. in some regions, we will need to see 3 or 4 dollars a hundred weight," > north says he expects pressure to continue on these prices to close out 2016 and heading into 2017. the u-s is s
Jul 3, 2011 4:00am EDT
things i asked you -- i know you know a lot about chi -- china -- will they buy more. >> i think it's -- a lot of users everywhere. whether it be china, feeders. it's a good thing. as far as china goes, all u.s. corn is below their domestic price, even with the taxes in there, they can buy a lot of u.s. corn. from my knowledge, i think you could see substantial purchases here. i think we saw quite a bit of corn move when the japanese had a problem. then you have a hard break in the summer where prices next year are questionable. it's a good move to buy grain. you saw them buy grain this weekend. i think you can see them buy more next week. it will be about five times more than people thing. >> thing -- people think. >> i think prices stay down. it works in their country. they can by a lot of corn just like they buy beans. >> is that positive? >> this break is a positive thing for agriculture. the prices went down. >> yeah, al, if we would have just continued to go up and hit $9, we would have shut off demand for two years. we've experienced that before. this sell off came at a ti
Sep 26, 2010 4:00am EDT
inflation and china which is effecting all sectors in china, high prices in pork, soybeans and such will finally draw some more chinese business to the u.s., they have been aggressive buyers of soybeans all summer and that continued this week. and they will eventually buy u.s. corn also. high prices has been going on for a while but we were down early in the week but based on what jim said you have any disagreement with what causes this at this point in time and where are we going i guess is my question? >> it's a sweet spot for agriculture right now. there's so much demand for what is perceived as a diminishing supply. we will have less corn now than years ago so it will be hard to think we will not challenge the all time highs again sooner than later. you'll not predict that but you are saying -- or are you? >> the only thing that will derail the prices is a war somewhere or a stock market event. the supply demand are positive for the market for it to sink for any length of time. you get small corrections. 28-cents was all you got over a couple day period of time. it's such a bull mark
Jul 24, 2011 4:00am EDT
. >> you have concern about europe and china, you know what's amazing to me is it's all about the rhetoric and how they spin it but they talk about china slowing. they are slug half a per percent. >> i would take a half point off mine. >> china is looking at adding between 60 and 70 million cars a year in the next ten years this have increased last year alone jumped 38% from the year before. where our production on cars dropped 28% to the lowest level since 2001. >> right. >> we are are seeing things when they talk china, maybe a hair. the government has not been successful at slowing the chain down and that is when incident demand is still there. >> it is. they are increasing the production. they are paying hog producers $15.50 a hog just to breed them. >> we will talk about that when we come back. @@ =÷÷÷÷1g1g1g1g1g%g1g . >>> before we talk about 2012, i'm a little concerned that all this double crop soybeans are sitting there in a lot of dry dirt and they -- the acres are not really there. >> we talked about this, i think one of the things we to watch is the soybe
Jan 9, 2011 4:00am EST
point, i guess you move toward the end of the month and china books as much soybeans as they're going book and february gets tough as far as new bean purchases, so you might be getting top my around that government report. >> let's see what else may be out there in terms of causing the markets. we're on a pause, but there's got to be a reason for a pause. it's not just limited to the united states and things that are happening here. it has to be around the world. what are you looking at? >> one thing is the weather seems to be slightly improving in south america. that's been a big catalyst. also they're talking about looking at the fun length as far as the government. how much can you own? that's going to be a long, drawn-out thing, but it maybe has the tendency to push people to step back and say they want to be out for a minute. the dollar is also looking very, very good to me on the chart. that could take some hot money out of the markets for a bit. >> okay. around the world? >> i think looking over into asia, the higher you push commodity prices against them, it makes things diffi
Oct 25, 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 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 the decline, with the state milk numbers down 3 point 6 per
Jun 20, 2010 4:00am EDT
since november one to to eight. the big difference is the reentry of china and russia which banned u.s. products last year. >> china was closed over concerns -- stated concerns about h1n1. there's really no scientific or rational basis for those claims, but, you know, needless to say, that market was closed to us for more than a year, but it's open again now. the russian market is back open. it was closed for a while over a number of technical issues, but they've been resolved, so things look food right now. >> butler says u.s. exports have also been hurt by china's increased government support, as they want to be several sufficient in pork production, but china's growing population and demand base, u.s. crop producers are optimistic about the future. there is also improvement on the beef side. value of beef and beach variety exports topped its year abbee level by 27%. the organization says beef exports in april was about 10% higher than april 2003. the last year a prebse market access. the latest progress report shows some delays in both development and harvest of the winter wheat cro
Oct 30, 2016 3:30am CDT
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. field averages. fighting big tall beans, also some green 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 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, fidning inventory numbers smaller than expected
Dec 11, 2011 4:00am EST
to you and yes. i know you have close relationships to people in china. one of the things that the report said they raised the amount of corn china had on hands. that true? you are smiling. >> you can believe everything that the u.s.d.a. and china says but it probably won't do you any good. they say the crop is 191 which i know they had good crops in china and it was better than the last two years, there is no question about that. if you talk to people that actually buy the grain over there and what the farmers had, my numbers in the 170s. we are a good 20 million-tons below what the u.s.d.a. says and road -- the odd thing is that the u.s.d.a. sent people over a couple months ago. people forget things and i -- u.s.d.a. said the crop was smaller and you know it like the illinois crop was small. it's not very hard to figure out. they thought it was not as big as the 180 they were saying then but they throw 190 on the report. that's -- china holding half of all the corn stocks no the world and the price is eight to nine dollars on the board and no corn stocks last year and now all thi
Dec 11, 2016 3:30am CST
diplomacy in china <"he's tenacious, and he's going to have to be."> teh aftermath of floods and heartbreaking weather in south carolina taking its toll on faremrs' crops <"it's anywhere from zero to 800 pounds> that's our farm journal report. and in john's world... stage 3 woodworking, it's not pretty>
Dec 27, 2015 6:00am CST
recent years has been shipments of grain sorghum to china. new usda data shows increasing production of the grain is pushing prices lower. the economic research service says grain sorghum is sitting just above 3 dollars per bushel---now back below the price of corn. over the last 2 years sorghum at times trading at a 20 percent premium to corn on strong demand from china. meanwhile from our partners at beef today, the crisis continues for america's cattle feeders. according to sterling marketing feedlots are now losing nearly 700 dollars a head--that's more than 400-million dollars in just the last week. sterling says 2015 will go into the record books as the worst year in history for american feedyards. on the retail side the average price of all fresh beef in november was about 6 dollars a pound. that's down more than 3 cents from the month prior--but still about a dime higher than a year ago. with slaughter prices currently record large. on the pork side of the ledger, processors setting a record for hog slaughter last week. just less than 2 point 5 million head (2.493) were proce
Jul 15, 2012 4:00am EDT
china does and not as they say. they have a big export sales number to them, again this morning it was another 150,000 tons. >> when we come back, this is such a big thing that we are going to talk about that i'm going to talk to you about what a producer can do to protect whatever profit may have been there before they found out they didn't have the crop this ç year. return with more us army port in just a moment. us farm report in just a moment. >> jim bauer from power trading and chip knowledge or. i said we would ask questions about what a producer needs to do at this time company and each producer is individual and has a different set of situations, and we know that. but what should a producer too? >> i think there's a couple big things. first and foremost, don't get down. it's unbelievably hard. i think a really important thing, do it now, doublecheck coverages and doublecheck the social security numbers and names are right on them and that you have the harvest item. >>> crop insurance -- it's not going to make everyone hole, but it will not help with yield reductions. the c
Jul 29, 2012 4:00am EDT
sell corn and then it switched from where china went to a net exporter occurred to a net importer. it's hard to get information out of china. they don't let people like me communicate with twitter and facebook. but they say they're crop is okay there, we will see. sometimes people travel to china and the rest of the world needs grains also ended the scramble to see what's out there, not only in our country but in their country as well. >> they tell me that they don't always demand, and maybe there are other factors in there. are we in a demand structure rather than supplying? >> this week in exports we had a negative export number in corn which is something to see more of. we had a good beating number and a good week number. so they might find other things to use instead of corn. the word is out that america doesn't have much corn. certain companies are importing from brazil and there was also talk of brazil importing the point that they have left. so that will affect the price. we have massive demand destruction which will help us prices but in one year or 18 months from now we w
Apr 11, 2010 4:00am EDT
china. tremendous demand from china. and maybe corn business with china? i don't think it is so much as maybe we send corn to them as the fact that they stopped exporting corn. that could be the real wild card on the demand side of the equation, the unknown will be the supply side of the occasion and that's based on the weather. >> didn't say much about europ. >> when you talk about corn, it is pretty much us. >> when you talk about wheat, that is every country? >> yes. they are having a good run of it this year. there is no worries down in australia but you grow wheat in every done of the world. i know a guy that had some in alaska. >> he did? >> yes. >> we'll be back with more u.s. farm report. >> your guests jim hem minjer and gary howard, the former analyst on the floor. i'm going to ask you gentlemen at this point in time, i'll start with you, jim, that is the outside money and i guess it is funded, that a couple years ago affected the agricultural prices. is that still there in because the prices are relatively higher. what's the situation? >> the money is still there and
May 8, 2011 4:00am EDT
top producer is china at 564 billion or 15.7% followed by the eu at 8.2, and the united states at 4.9%. the differences become more when you use purchasing power parody which does a better job, a dollar will buy more food in india. the world put out is 4.2 trillon which is 6%, china has a 22.2%, india 14.2, the eu6.7 and the united states 4.1%. it is popular in this country to assert that united states farmers feed the world. as the figures show the farmers of the world actually feed the world. our china and india counterparts carry the bulk. the united states can't be the only answer. we will be an important part of a global team. as always we want to hear from you. send comments to mailbag at united states farm or leave us a voicemail. for all of us, thank you for watching united states farm report, but search to join us again next week. we will work to do even better. >> . >> united states fa
Feb 6, 2016 5:00am CST
a new owner, but not everyone is comfortae with china jumping head first into the u-s seededindustry. wild swiwis in the cattle market... time it was just unbelievable how much equity we lost in this industry in a 100 days. 5:11> our farm journal report looks at where prices are going, and why some want to take a look at the c-m-e. in american countryside, andrew mccrea shares the rise of popular product used for baking your favorite goods... <"so he sent fellas out in little panel trucks to call on every meat market and grocery store.> it's the story of the clabber girl, and a marketing plan gone right. and in john's world... we need to do more science fiction on u.s. farm report. chevy silverado, long-lasting dependable. now for the markt related news, a major trade pact that could incrase both u-s agriculture exports and imports from the 12 member nations signed the trans pacific partnership in auckland this week. the trade pact is five years in the making, but isn't a done deal. each of the countries now need to sign off on t- ppl, including u-s congress. and legis
Nov 26, 2016 5:00am CST
china and south welcome back. well john mentioned cotton before the break. let's dive into that a little bit more. john cotton harvest is running behind in texas right now. what kind of uncertainty is that creating in the cotton market if at all? we have this december delivery essentially bet on the harvest coming out of the the ground here and meeting that december contract, we essentially came to the realization last week that that wasn't going happen. so we saw the front months of cotton, march and december of this year, really really jump this week. and then the deferred contracts kind of stay stagnant. the story going forward here i think, is not going to be about production it's just going to be about getting it out on time. the report we saw on monday showed lds. but i will say we mentioned in the segment before, soybeans, cotton and copper have really performed on the stage post-trump. so the idea for a sell-off here would be i think a little bit premature, but we're looking in acreage for next year along with a pretty substantial carry out. for where we sit, loking at the
Feb 14, 2016 5:00am PST
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. you are definitely going to warm up. how much depends on exactly where you live, but it will definitely be more tolerable, some dry areas developing in parts of the northeast. also, we 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: we are going to see some systems moving across the country, this is going to b
Jul 18, 2010 4:00am EDT
of it? >> i think that one of the things going on in china in particular is as they detach from the u.s. dollar because they want to consume more they will try to raise their -- essentially raise their wages 20% in the next 3 to 4 years. kind of their idea. that's going to put more money out there to buy commodities. so to meet the demand from that it will have to come from increased production there and other places. i think our corn yields keep going up and up. they could do themselves a lot of good if they start using some of the stacks that we are using off the field. and their demand i think will keep growing. especially when they did that. i think that's a big deal. >> it takes time to be able to incorporate varieties. takes time to incorporate some of the farming practices. no question. as i mentioned before the only pathway for china to increase production is through yield. they don't have airable land in which they could farm. it is all taken. it is shrinking. sort of like brazil. there is still plenty of land in the world to cultivate. no question about that. what price wi
Aug 12, 2012 4:00am EDT
at these kind of bubbles before, and into company would cut the price in half in october. china is in tough economic times and i think you have to be careful out there, because you can be too bullish at these levels. >> while the market has been bullish, like i said six weeks ago. but now, the function this market will be now is, a speculator will get out of the market, but it will be put into stronger hands on shallow breaks in corn. corn has to pull together in the front month to get this job done on the rationing. it has to be a job that's never done before. we didn't rationing away on its prices because these people have coverage. this time around that will take a tremendous amount of liquidation of our heart heard, chicken heard and chickens, and then over in asia we have seen pork prices in china come down about 19% for the year. they are crushing margins are negative now, and it looks like they will have a heck of a crop, at least the way it stands right now. so that takes some pressure off. but as we move down the road, think about time. there's going to be opportunities th
Jun 3, 2012 4:00am EDT
mexico are on pace to set new records and mexico and china are up more than a billion dollars thanks to strengthening demand for cotton, pork, dairy and poultry and tree nuts. >>> nationally 9% of the crop has already cut. in oklahoma the wheat harvest is 41% complete. the five-year averages just 3%. good growing weather has given way to good harvest conditions around the state and yields are 20% or more above-average hitting machine that will work workout. >> the combines are running one and a half or 2 miles per hour in the field, they are just crawling. they are bigger machines but it's taking twice as long to get the crop because we have twice the bushels out there. >> rosen says last year's supply stifle the crop and that's why many producers are bailing the crop for hay rather than harvesting for grain. >>> mostly due for higher prices, hey use this past winter was at its lowest level since 1980. the center says many producers chose a lower cost options including baled cornstalks. the tape raises expanding prices are expected to soften. the lack of rain is becoming quite scarce
Aug 1, 2010 4:00am EDT
we talk about china buying beans and south america producing them? >> yes it's all connect sure. when the market perceives there will be a shortage than the funds come in running the market up. the way i look at it we have plenty of wheat around to counter act this situation, so this is i think more of a just a speculative money rushing into a certain market that will not last long. >> a concept that people have trouble understanding is why corn and soybeans follow wheat? >> they buy everything. the corn we are going to have a good corn and bean crop the year so to keep pushing those markets up i'm glad they are doing it but i doubt that we will stay at these price levels we will be topping. now longer term i think that we are in good shape i think agriculture is in good shape and i think we will press significantly higher over time and going into august the first of august i don't think that we are really much left to up side. >> are you agree withing him that we are topping here. maybe next week we will be at the top in. >> i would think so. today we broke through this some resistan
Oct 30, 2011 4:00am EDT
every time the corn market dips china shows up. i think you have a real solid demand base and that's why it's like it is and i think that's just going to continue. >> very been talking about corn. is the same true about soybeans? somebody told held and made the argument that soybeans are better obviously than most people thought because they thought they weren't going it be good but we are raising more than we thought this year. >> lot of cases its expectations verses what the reality was. it was so hot and dry for so long. people's expectations were way down. as it's turning out bean harvest in most cases beat expectations, i don't know if we are up to average or what people are thinking on that -- on average i would agree that bean yields, are better than what was expected. >> will china be able to buy all the beans we grow? >> i don't know. i would have no idea but they have been buying a lot of them for a long time so i don't know why they would stop. they are in the process of trying to better everybody's diet. i don't think the conditions have changed. they have money, they wan
Mar 13, 2011 4:00am EDT
farmer. what concerns me more on a worldwide basis is what could possibly happen in china. if we learned anything in the last three weeks, it's that people when they get upset and they have access to the internet can change the world. and we saw what happened in 1995, if things get heated up in china, that could be a serious impact on our business here. so i believe that's one of the key factors we have to watch for in the next several weeks or months to be on our toes about. >> scott, if we have some old crop, corn or soybean, really doesn't matter. if we have some old crop in the bin what are some warning signs that is going to signal this thing is done? >> we really haven't seen any kind of blow out top or anything like that yet. the momentum is up, all this thing has heated up in the middle east but the momentum was up and bullish was kicking in. when you see that extreme acceleration and absolutely everybody is bullish and they think it's going to go up forever. that's usually a sign of the top. rick thought me that many years ago when i worked for him. but we are not seeing
Oct 24, 2010 4:00am EDT
to be surprised by export demand. it was china again. our experts were a much smaller factor in the market sources. to make it more challenging, we're discovering our understanding of foreign customers as at best outed. one problem with being a really big player on the big scene is we spend too much time thinking about just ourselves. here's al pell. >> thank you, john. could u.s. farmland be the next bubble at risk for bursting. a leading bank regulator says it's not out of the question. sheila bare says it's important to monitor for signs of instability like the house and stock markets. as we've been reporting, farmland values remain high while others have fallen sharply. those positive fundamentals can change. the help of over 1500 farm banks could be threatened if the positive -- sector suddenly re reversed. usda reports that milk production climbed 3.3%. while production increases, the herd continues to dwindle. once the biggest buyer of u.s. beef, japan, appears to be analyzing the safety of meat older than 20 months, again. they've allowed meat from animals that are 30 months
Jun 24, 2012 4:00am EDT
slow downs in india, china and brazil remove much of the cushion. keeping up with complex global economy is hard when it's all you can do to cope with no rain. it's never been more important to at least try. we will do our best to help. time for the headlines. here is tin morgan. >> hello. its been a busy week for farm bill discussions and it ended with the senate passing its version of the bill. senate majority leader said the senate debates 70 amendments throughout the week. among them was debate about the crop insurance inclusion in the farm bill. the big issue is how to design a program helps crop insurance. he said the senate discussions have been addressing more than just farm support programs. >> the issues will include the conversation program, the funding and type of conservation program, the degree of cuts if any, the limitations on payments to farmers by farm programs and the structure and support for the sugar industry and the united states. >>> on wednesday the senate voted to not change the depression era program that prodetects united states suggest growers. the ho
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
Apr 29, 2012 4:00am EDT
one line at a time? . >> i would say that the most port thing is the china defanned for corn and beans and a little bit of wheat. >> bse can't be ignored, it's rocked the world of the livestock market on tuesday when it was released. >> well i was going to say two things, other things? >> i think the other thing is the reduction in the south american crop, particularly argentina, talk of a frost, i think it was wednesday night that may have done damage. >> that was in argentina. >> what they came out and said that probably didn't do a lot of damage but we have seen old crop corn and beans take a huge jump in the last few days. >> i will count that as number four and another thing that come into market that we should talk about. >> we just came through may option and we are closing out the month. lots of trade as we wrap up the end of the month and the end of the week. >> anything else? >> you know along with that we have first notice, we have seen again more jacking of the position because of that. these are all the factor that have really, caused the markets to have the volatility. >>
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