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Search Results 0 to 18 of about 19 (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
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
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
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
Aug 14, 2011 4:00am EDT
trying to influence them what's happening to them in china. how about affect us quite. >> chinese friends who went up 8% this week, 17%, the big increase of the nativity in america just went on sale by 8%. >> they have more buying power in their currencies started to appreciate and that's probably not going to stop. they are big importers of our food and i think that we'll just ratcheted up. >> other countries around the world come up with happening in your area click. >> we are selling a lot of pork which is relatively new to the far east and they are taking a lot of tended to us. and, it came up the board friday at record prices. and, one of the hot producers, the back of the market is kind of the discounts of the pork industry i think we'll be in good shape for along company and the pork industry is good place to park some money. >> well it's not only in the united states for other places. in terms of feed that means pork will go to higher prices. you see that affecting the world market? >> yes i do. i think the whole world economy right now is probably more important than the
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
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
Feb 6, 2011 4:00am EST
exports to china. there's also a discussion about the shrinking livestock herd in the u.s. >> it has been shrinking and continues to shrink. when you see the numbers, they're pretty abysmal. we'll sending half the heifers off the feed lot. we continue to see our costs go up. >> the latest usda cattle report says beef replacement heifers down five% from a year ago. with rising costs, some producers are choosing to take their herds to market earlier. >>> for the second straight year, the ag department is offering a general signup for the conservation reserve program. acknowledging the volatility in grain markets, these acres won't go into effect until the fall. land can be enrolled for up to 15 years. if you have a contract, you can make a knew contract offer if it's set to expire this year. your contract would become effective october 1st. signup begins march 14th and run through the 15th of april. that's it for the headlines. now back to john for crop watch . >> crop watch, this week take as tour of the heart land, a wheat grower from kansas checks in. he had bare fields and bitter c
Jun 6, 2010 4:00am EDT
than $10.5 billion, china was the biggest buyer for the first half of the fiscal year. experts believe asia will overtake the western hemisphere as the largest market for u.s. exports. other commodities slowing growth include white, rice, and cotton. dairy and poultry are also showing modest gains. farm land values continue to show strength and the market may get even more active. the federal reserve bank in chicago, which covers six states, reports farm land values climbed 4% from a year ago. the kansas city fed saw farmland values increase by 2% in that district. a recent survey reveals aggressive buying by farmers. >> at 15% now, plan on buying more farm land or acquiring for land through leases, so this market is going to get more active going forward, and that seems to make sense. we've gone through a period of some fear in 2008, early 2009, and now we've seen this market gaining more confidence. when you look at the largest farmers, those with the gross income of farming of over a million dollars. it's 20% that say they want to acquire more land, and that's not a surprise. >> aus
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
Jul 11, 2010 4:00am EDT
production base. china is doing the same thing. >> i was going to say, look how much we're talking about china more. >> exactly, south america. going back to our government topic here a little bit, isn't it interesting that even in lesser regulated environments they're still using a lot of our practices because they know that what we do is always in the best interest of our land and cattle because our profitability rests on it. you can't do a horrible job managing soil and wash it down the stream. you can't be blowing fertilizer out the end gate and hanging your boom over the water. you just can't afford to be doing that kind of stuff. that's why we have precision farming that's coming along. you cannot be wasteful. you cannot be a bad steward or you are out of business. >> quickly, the american farmer going to be able to keep up and be ahead as we have been for the last 10, 15, 20, 30, 40, all the way back? >> no question. farmers are embracing precision farming. almost every farmer i talk to is doing that at the highest level. i continue to believe the u.s. farm ser the best farmer in
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
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
Apr 1, 2012 4:00am EDT
in 9 bean stock but that demand has been huge. china back to buying united states beans again. sot demand across the board, corn, beans and wheat very large demand base built newspaper all three of those. >> that really once we come up with the report is supposed to drive prices up. maybe people are speculating. >> you have to ask yourself a lot of times markets top on reports, have you the bullish reaction, next day that will start peeling a.. the number have you on corn, the old crop corn or will we have the continuation of fund liquidation. if you have that will push the market lower near term. they sold something like 60,000 contracts this week in and maybe there is another 60,000 to go. i'm not say tag will happen but i would say that the market action -- if you don't maintain the gains, you have an issue near term but you could just keep going up. i'm not it. i will watch the action but if it's not good action i would be careful. >> you are not the first market analyst to tell he that of course what happens after the report is really going to tell you -- it takes a day or so
Search Results 0 to 18 of about 19 (some duplicates have been removed)