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Search Results 0 to 27 of about 28 (some duplicates have been removed)
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
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
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
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
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
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
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
Mar 27, 2011 4:00am EDT
crop. probably china, they have been pricing corn -- market couldn't sustain that gain, it's a -- it's just exploded to the downside and down he went, lost 25-cents and -- it's a market where you don't take any long lunches, you get eaten forelain. . > >> you came in and were looking at the markets. i don't think you had your market in your land looking at it. you said wow, that's not much of a change and i can remember a few years ago when we went over five cents either direction it was a big change. how have things changed now? >> we are starting to see a lot of volatility. people have to realize with corn at seven dollars a buschel when it was at three dollars and a seven cent range -- now there has been a number of days that it's had a 30 to 40-cent a buschel range and we need to expect that. we had today a situation where the corn market rallied quite a bit on thursday where the -- when we started to hear about the basis at the gulf had strengthened and it started to be rumors and speculation that may be the commercials were buying corn fortuna sales and the market rallied
Sep 17, 2016 5:00am CDT
, accusing china of unfair price supports for rice, wheat and corn. officials say it unfairly undercuts prices that the u-s would get for the same grains. the u-s launched a challenge at the world trade organization, agreed to when it joined the w-t-o in 2001. in response, china says it's always respected wto rules. this is a major sticking point for rice producers in arkansas, who say the price supports give some of these countries an unjust edge when it comes to trade currently china doesn't import any rice from the u-s. but sullivan says based on chinese consumption rates, if the country would start importing u-s rice, they could eat through our entire domestic crop in 14 days. usda bumped the a stagge
Jul 17, 2011 4:00am EDT
certainly china's opportunity to buy it on the breaks. >> they didn't waste any time getting into the market, did they? not at all. we'll talk about the people using the products. back in a moment with u.s. farm report. welcome back to u.s. farm report. our marketing round table continues with a discussion about how china is getting into the pork market and what that could mean for u.s. producers. >> certainly with china coming into the pig market, they made a statement two days ago they want to add more pork to their protein. certainly they're going to be able to afford to send a little more money on the feed. the cattle industry, the numbers seem low to me and i don't know how they're coming up with these numbers. >> i do a lot of feeder cattle out west. just to tell you about second chance. we went from 142 to 120 back to 145 in feeder in just a little over a month. so when it was down there at 120, you felt pretty bad, but what i'm trying to say and what i'm eluding to, these next two to three weeks are going to maybe give you your chance, if you didn't catch it the first time, to catch
Oct 3, 2010 4:00am EDT
give them away and now they have value. >> i think the big market is china. i would imagine they would by five times more than last year. >> really? >> at least that. that market, they can combine soybeans and djokovic gs, and it works better than buying corn on water. that's the market that they're very interested in over here. i think that's going to expand a lot. you look back at that stocks report, it was our lowest since 1950. that doesn't work. >> you don't think that works. >> not so much. >> well, i'll tell you when we come back with our next segment, i'm going to talk about soybeans. we've been talking about corn and wheat, but something i think we should address, and that's what farmers are going to plant next year and how we get to where we need to plant in order to make a profit. we'll be back with more u.s. farm report in just a moment. this week brian and andy, we were talking about corn primarily and the fact that the government put out this report and they found 300 million- bushels more and there may be question about the report, but you that's what the market is deali
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
Mar 21, 2010 4:00am EDT
we raise, many of half go into china, so the canal ends up being very important, everything going through the gulf of mexico goes through that canal to china. i feel very good after seeing the canal and the way it's run and the leadership of the people running the canal that we can feel very good about this market in the future. >> a group of farmers and journalists got a first hand look this past week. they're part of the frontier study tour at top producer magazine and the united soy bean board. now they've moved to brazil. that's it for headlines. back to john for crop watch. >> crop watch this week begins in southern texas. that's where you have to go to find planters in the field much however, following a cold and wet winter, a grower in oasis county says he's having to plant and fertilize at the same time. he's hearing reports of stuck sprayers, cultivators and planters. in washington, dry land, early seeded wheat is off to a good start. moisture has been average this winter and there's been little winter kill from a december freeze. overall, the crop is about two weeks ahea
Sep 18, 2016 3:30am CDT
-s trade representatives office making a bold move this week, accusing china of unfair price would get for the same grains. the u-s launched a challenge at the world trade organization, saying those supports "far exceed" the limits that china agreed to when it joined the w-t-o in 2001. in response, china says it's always respected wto rules. this is a major sticking point for rice producers in arkansas, who say the price supports give some of these countries an unjust edge when it comes to trade currently china doesn't import any rice from the u-s. but sullivan says based on chinese consumption rates, if entire domestic crop in 14 days. usda bumped the national wheat yield up t
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
May 23, 2010 4:00am EDT
wanted to ask. what are those questions? >> the european markets are affecting china. they're trying to cool down their economy and tighten up their credit. is this going to affect your -- who ultimately buys their corn. how do you feel about their demand situation? is it going to be a sharp growth? how do you think it's going affect corn? >> certainly if we see europe go into a continuen'ting wide -- it's going to affect china. so from 2007 to 2009 and early 10 when we had the worst whatever we call what we just went through. sure, we saw china's economy slow down. we saw it close to 6% growth. the rest of the world would have loved to have% growth. i believe we're going to see some sort of continent wide growth. ireland, iceland, a lot of these lesser -- less wealthy european countries have been the drivers of growth. they tier ones that are going to slow down. i think they're going to slow that continental growth down. that's going to hurt china's economy. we're talking about maybe, again, 3, 4% growth, which we should still see sustained growth in their incomes, protein demand, meat
May 15, 2011 4:00am EDT
billion. that's a 27% increase over the same time period a year ago. nearly 20% are headed to china. canada is the second largest market. >>> united states corn surrender surpluses expected to grow more next year. that was a surprise from the may supply demand support. u.s.d.a. raised the corn ending stock to 730 million-bushels, above trade numbers of 661 million- bushels. they also pegged the ending stocks at 900 million-bushels, 92 billion over the estimate. >>> the first estimate of the winter weak crop takes in to account the drought in the southern plain at 1.4 billion- bushel, a decline of 4% from last year. the united states yield is forecast at 44.5-bushels an acre down more than two bushels from last year. >>> soybean ending stock for the year are projected at 170 million-bushels, that up 30 million from last month because of reduced export. >>> farmers are trying to play catch up with spring planting. the crop progress report showed 40% of the corn crop is planted. that's a big jump over the previous week. farmers in iowa had a 61 point game but the eastern corn belt is s
Jul 10, 2011 4:00am EDT
product? we have got to sell it. china has been in the market and buying and i don't know what the ethanol people are doing. haven't heard anything about cattle and hogs but seems to me that would be a good deal for them. is that correct? >> either one of them. certainly a lot of people say that they are not seeing rationing here. we certainly have seen rationing. you talk about ethanol in the weekly numbers, you know -- first of all the monthly numbers still showing 5 billion bushel use for ethanol. weekly numbers we are running behind schedule from what we are seeing. they are rationing at those levels. if we drop down far enough we will get that demand coming into the market but right now we think we will lower that usage number down to 4.9 at least. >> i would make an important note is that rationing already occurred on a big spread person and if you look at the spread, this goes back premium july old crop corn versus new crop corn hit a high roughly in late february. it came back. it double topped on that chart. okay. and at the same time july corn exceeded its previous high b
Aug 14, 2016 3:30am CDT
bushels of beans we've sold half of them to china are gonna sell half of them half easier to put a nine ten dollar bean on a boat than three dollars cash corn if i was gonna buy something i'd buy a nine dollar item and ship it over take that protein and make oother protein. so the world is asking for our beans. they were g farmers is there any way you could plant more beans think you can make a profit doing it. it's like the mentaility of hte farmer they lvoe to trade corn they love the story but we have too much corn and that has nothing to with beans and beans wan tto go to $11, $12 over a south american problem there's no reason beans can't go up you'll have funds jump back in and then we'll have corn sitting there watching" you know trying to go up but we're always going to have this problem for a while that we have a little too much corn unless they change number from one seven five one seventy three one seventy one demand picks up and then you could see late of a nice pop in corn. when you look these price discrepancies do think there's more risk right now and corn will be to
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
Nov 8, 2015 6:00am CST
. allendale thinks the u-s corn yield is 168 point 3. and soybeans 47 point 3. severe drought in china is depleting any hopes of a record crop this year. and pork producers in the country were banking on ample corn supplies to feed the growing popularity in the white meat. herere a map of china's main growing region. corn production was predicted to see an all-time high as growers bumped up acres this year. instead, bloomberg reports production will fall nearly 6 percent, which is the e ggest drop in 15 years. u-s beef exports continue to see pressure, while porkxports are on the way up. u-s meat export federation says the september export numbers show promise for pork, with export volume up 6 percent from a year ago. shipments to canada were the largest we've seen all year, and south korea increased the amount of pork purchased by 34 percent. trade groups got their first look at details of the trans pacific partnership trade deal, white house released the final agreement, showing support for pork exports, with one iowa state economist calling it the most important commercial opportunity
May 6, 2012 4:00am EDT
week, altogether. but the market rallied at $15, and so we got a price where china doesn't like the price and doesn't want to own those beads at that price anymore so they start doing new stuff. >>> they are looking at the other carryout, where it all becomes one, and i think they would buy all the excess corn, new crop corn, that we would permit them to buy. >> okay. we will come back with more of that discussion in just a moment on us farm report. >> we are back with our roundtable here today, and one of the things that we were talking about in her statement was -- when you were finishing up with what china had done last week, actually in terms of purchases. can you bring us up-to-date on what will happen in the future? >> while i think the bean purchases have gotten caught up. it took a longtime code to do it, but conveniently they were about 30 or 40% behind in purchases and now the market has advanced about 40% at the same time, and it's like, i don't think anyone wants to pay this price for beans. and if i have one trait as a farmer and would be selling as much new crop as he
Apr 10, 2011 4:00am EDT
standpoint, for example, the middle class in the next five-years in china will go from 350 million up to 700 million. basically you know double. what we will see there is a constant increase in need of food worldwide. my concern and i think maybe mark will agree with me on this, we said it earlier, this rising fuel price is essentially a tax and it's a dampening effect on disposable income for fixed income people that have to get themselves into the position to buy food and energy to live. there is a point where this higher fuel price energy price will put a stop in a certain sector of demand across the world and i think that's what is worrying me. >> now, i can understand that because we are feeling in the united states. then fuel prices have always been high when you get into europe. eight and nine dollars a gallon over there. >> to me the yes is we have these tight stats, the market has to ration the available supply and they will with price. in my opinion we haven't seen any real changes in demand, e ports are still strong, we did another 800metric tons of corn. the number -- etha
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
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 27 of about 28 (some duplicates have been removed)