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WBFF (FOX) 28
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Search Results 0 to 31 of about 32 (some duplicates have been removed)
FOX
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
FOX
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
FOX
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
FOX
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
ABC
Aug 21, 2016 3:30am CDT
historically strong with the demand away from china but also on the other asian countries and the fact that the new brazilian argentine crops were not quite as big as we expected and just to respect that this corn crop could be could be underline a record and the fact of the demand is not quite strong as it is for for beans. brian you mentioned the funds what's the fund's position in corn right now is it surprising to youit's close to one hundred forty thousand contracts in that short and that's not a record but it is on the larger side of how short the day typically get i'm not surprised we're talking one hundred seven five bushel yield but i think with the trade needs to realize that if the usda happens to be wrong if they have to backpedal on the sealed and at this point a bean and his is better but corn demand is also side start to shrink the funds have to backpedal on pullout that's where you get an over exaggerated move to the upside brian have you been following this oil or oil prices much i mean we look we've seen a pretty nice up tick in in prices because of talks of the poten
FOX
May 9, 2010 4:00am EDT
that need to be attended to as well. >> what's happening in china makes a lot of difference too, don't you think? they've been buying more than they used to. >> absolutely. china, they've been involved. we have known the soybean story for a while. certainly, they're looking at the corn side of the thing. that's probably the elephant in the room. first of all, is it going to get delivered? second, is there more? >> okay. we'll be back to talk about more elephants in the room when we return with more u.s. farm report. bestselling author. her teachings are heard all over the world every single day. she has overcome horrible abuse yet discovered how to forgive and now, she's coming your way. joyce meyer -- her no-nonsense approach to everyday issues has made her one of the most sought-after speakers in the world today. don't miss out on this unique opportunity to see joyce meyer live. for more information visit us online at joycemeyer.org or call toll free: 1-866-see-joyce. >>> round table guests this week. you were the one that brought it up. you're talking about the ill the ill front ele
FOX
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
FOX
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
FOX
May 22, 2011 4:00am EDT
beans. we have tight stocks. >> they said china and argentina got an agree meant that helped the bean oil price. it's really not helping the bean sales though. >> i hear they will pull the caps on canola oil and they are looking for corn in the september shipment. i think you will see -- they are hoping to get lucky on the weather. they are taking steps to make sure there is no grain. >> your concept on soybeans. >> we are washing out acres, the swollen mississippi river. probably not much of a change. probably seasonly lacks which is normal for this time of the year with south american production and got to remember they have a goodyear and worldwide soybean production would be up only about a percent ├žbut we aren't losing, supplies are tight and things could get exciting but if you step back and look at bean chart they have just been duking out, shadow boxing with the corn is looking like the shuttle liftoff. >> the next step i want to go to is talk about wheat at this time. i know -- talking about the world wheat situation, almost every country -- we have wheat in this country an
ABC
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
FOX
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
FOX
Jun 13, 2010 4:00am EDT
cheaper feed costs and the resumption of sales to china, things are much healthier. now while in des moines, reporter michelle ruck caught up with the council. >> it's a whole lot different. producers are starting to make money. they're starting to pay the red ink off and things are looking better in this industry. >> you mentioned exports so important in this industry. we have china back in the market and russia. >> russia started taking product two weeks ago and china, they just got all the paperwork done on may 14th. >> is the dollar going to hurt you guys. >> the dollar going up is never a good thing for exports, but right now we still have demand. >> and farmville have discussions and you guys want to be at the table. >> you bet there. 's a lot of things you're going the look at and the past year shows how we're going the need risk management. we lost 8% of our export markets last year compared to the year before. we've gained four% today. >> sam carnie, reporting from the pork expo. i'm michelle ruck. u.s. farm report. >> despite storms in recent works, as of last weekend, the
FOX
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
FOX
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.
FOX
Oct 2, 2011 4:00am EDT
think will happen -- here is the problem -- the black sea area increase in wheat production, china wants morrissey verse ty in the feed supply and i think they will rely on wheat. we have to watch it. wheat will be the biggest competing for corn because of all the global wheat supplies. overall i don't -- the market below five, wheat can't compete above 7. we will raining bound in this new range. >> every year in the middle of the harvest we look to harvests go down. when that happens our international buyers look to the united states. china and the other country that need the products will they be buying as much at these low prices in. >> they did last time. they bought a lot of corn this summer on the last break we had, i would think that would show up again. i haven't heard they bought anything, that's usually what happens though. so -- yeah, demand shows up at lower prices. >> china, there is a lot of stories, china will be up between four to five million metric tons above expectations. i think over the next three weeks you will hear a lot of unknown sales and a lot of will be
FOX
Mar 11, 2012 4:00am EDT
. we will talk about china and the farm bill when the us farm report returns. [applause] ,3 we're waking you p... after you "spring forwarr."where you can go to get a free cup >> one of the questions from our audience that came earlier needs to be discussed i think by her group here today, and that is what is happening between israel and iran and how that will affect basically agriculture prices, but it won't be limited there. >> i was listening to an interview about warren buffett about two or three weeks ago on the major network and he said something that i thought was very important. he said, what would change the marketplace that we've seen over the past year, including the stock market and that caused the shakeout. it's not really the banks in europe going under or at the debt structure of the united states, it's i'm major nuclear incident, biological warfare or chemical incidents. that's something that changes the political framework throughout the world. that's between israel, iran and of course the united states is right in the middle. and, that would be what i would call
FOX
Jan 2, 2011 4:00am EST
market. if thine china for whatever reason quit buy -- if china for whatever reason quit buying any of our grain or sell some of it back to us as they have in the past, that could be a problem. one of the two things we need to focus on for the american farmer in 2011 is don't ask me how high prices are going to go this year. i can tell you, though, what prices are going -- where prices are going to go once they make those highs and those prices will go back under the cost of production within the next 12 to 18 months. it has always happened. in my opinion it always will happen because the market's job is to force out the inefficient producers. so when we get to some nice prices, whether it's by march 31st, maybe it's by january 12th in the first production numbers, the final numbers. when we get these great opportunities, you've got to protect it because at some point with everybody along we will force this thing back under the cost of production. now we could be $3 higher in beans or another dollar or two higher in corn before that happened, but the fact of the matter is when we do
NBC
Nov 29, 2015 6:00am CST
biotech crops. after meeting in china for bilateral talks, vilsack says the chinese are currently 'reviewing eleven agricultural bio-tech events pending approval and they're also continuing a dialogue on access for u.s. beef.' the beef market has been closed to the u.s. since 2003. vilsack says he hopes for action over the next 30 to 60 days. usda rolling out the october cattle on feed numbers. the number of cattle and calves on n ed climbed two perct from a year ago, coming in ten-point-eight million head. however, placements into feedlots last month dropping four percent--as owners either refuse or are unwilling to pay current prices. the sterling profit trackers says last week feed yards were losing an yard or marketings in october also off-down 3 percent year over year to lowest point in 19 years. the latest crop progress report indicating most of the major crops are out of the fifid. cotton harvest remains sluggish wititonly 70 percent harvested nationwide. and while 96 percent of winter wheat is in the ground some key southern states--north carolina and texas are behind thei
FOX
May 2, 2010 4:00am EDT
think this past week has been a big wakeup call to the market place. just the mere fact that china has basically dipped their toe into this grain market here in the united states as far as corn is concerned tells me that from a trader's standpoint and a producer's standpoint we are going to go into spring and summer with a demand based mark and the depending on what supply factors hit that base we are going to go higher or lower. this market is different than what most people say. >> talking about demand, we were talking about china and talking about soybeans for the last couple of years. they have been buying all the beans they could get. they haven't bought corn for 4 or 5 years or so. that will make a difference if the demand increases; correct? >> the chinese corn crop last year was probably more in the neighborhood of more like a 140ish range. that is the number you want to listen to. the corn market over in the exchange told you that. the government wants control. >> the chinese government. >> yes. so the last thing they want to do is to buy corn. this is part of the social netwo
FOX
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
FOX
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
FOX
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
FOX
Apr 8, 2012 4:00am EDT
winter wheat crop continuing to improve. more than 20 points ahead of where it was years ago. china's back in the market for u.s. corn. reports indicate that the chinese placed an order for 120,000 tons to be shipped by the end of august. that brings their total to nearly 4 million tons, right in line with the usda's forecast and the highest total in nearly two decades. for the first time since april of 2010, the ag department announces it will be making a milk income loss contract payment. based on current future prices, insiders estimate payments will be made now through sent. to be eligible, producers must sign up on or before the 14th of the preceding month. the march payment is estimated at 59 cents. it bumps up in april, then back down to 59 cents in may. those are the headlines. now back to john for crop watch. >> crop watch is brought to you by sfp, putting revolutionary technology into the field. >> in minnesota, a grower can't believe what an early spring it's been. his work kicked off on march 28, the earliest since he began keeping records in 1968. and in polk county, oreg
FOX
Sep 18, 2011 4:00am EDT
to china. they have 50 million-tons. they have more than trouble what we have. we were down to 4.4 million, now we have -- 125 with the frost maybe. it's four million tons, south america alone, just brazil, not -- have 42 million metric tons. they have ten times the beans in storage in carry over. we think there is a shortage and the beans have to go to $15. if the demand shifts from the united states currency, it's going to be a tough demand market to ever buy back. >> i guess really -- i don't -- probably don't have time but what is the producer goingo do. how question make decisions, those pressures are high, they need to take advantage when they go down. >> really simple, just pick up the phone and sellt. old rule of thumb. never store a short crop, always store a big one. we are telling clients not to store anything. have everything sold. if they want to -- delivery for taxes, fine but have it priced. i -- we are 80% sold in old crop, 50% on the new crop to 12 and i think that is to right. i think we should be heavier, rallies, don't think many will -- you can lock in the -- w
FOX
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
FOX
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
Search Results 0 to 31 of about 32 (some duplicates have been removed)