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Search Results 0 to 10 of about 11 (some duplicates have been removed)
Aug 9, 2009 4:00am EDT
ingredients. >> you mentioned china and what they're doing. because they have been buying beans like there aren't any more beans. >> and you can tie some of this to the dollar related activity where they're buying beans. you had essentially a billion dollar hole in the agriculture crop. china is producing like seven times more pork than the u.s. so you're seeing this pork over there but they need it and they use it and they want to be self sufficient using pork. so our traders expect we're going to sell pork to china because we did last year. no. they ran out of grains last year. so we had to substitute using pork. but we're selling to our traditional buyers and we're up 4% for the year on pork. china is going to stay out of the market. that will not change. they will buy their monthly purchases which is what they are doing now. >> okay. i'm going to ask you -- these are going to be tough questions. we've got producers out there that rely on beef, rely on pork and corn. what are they going to do? do you have a recommendation what you think they should do. >> they want to try to
Nov 29, 2009 4:00am EST
exporter isn't in the market at all, argentina, and china is building reserves, you have the potential to still seek some better prices at this time. so, you know, china is not happy with us and neither is brazil with the dollar going down because we're so competitive against china and also for brazil for their pricing of their beans. but in the meantime i think that we're gonna see some chances for much better prices in corn, you're gonna have an acreage fight this year, this last year you didn't because the ethanol industry was suffering but that's back on track so as screws stands it holds its ground here and one way to kind of keep an eye on these commodities is the balance particular dry states. we have hit 6-month highs and we're not superfar from where we were in '08. >> i see you nodding. >> quite a bit i agree with but the u.s. is starting to come under a lot of pressure to do something about the value of the dollar. >> at the g20 where the dollar isn't the standard any longer. >> yeah. >> a lot of that pressure is coming out of europe and it's because of china's peg
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 21, 2015 5:00am CST
be heavily pursued, bloomberg reporting the cocoany recently rejejted chem-china's 42 billion dollar offer. but now monsanto company is saying it begemann stating during an inveveor meeting this weekekhat they've been studying every possibility for consolidation in both the seed and chemical sectors. and syngenta remains a possibility. syngenta's previous c-e-o mike mack announced he would be stepping down in august, after the company rejected three takeover offers from monsanto. snow and cold weather isn't going to help feed yards with efficiency. that part of the industry still struggling under the weight of a falling cattle market. sterling marketing says feeders were experiencing an average per head loss of 518 dollars. the extreme losses already impacting feeder cattle prices in the cash market. october retail egg prices dropping 5 percent to 2-80 a dozen...that's down from the previous month's all time high of 2-96 in september. the number of laying hens now rising for the 3 straight months. the poultry industry lost 48 million birds to avian influenza in 2015...38 million of t
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
Jan 10, 2016 5:00am PST
year. >> yeah, and we look kind of the macro economy, gregg, we're talking we saw china suspend trading a couple times this week. our markets here at home have one of the worst starts ever. where does that take us or what do you see there? >> well, look, you know, the chinese are doing a terrible job trying to micro manage the stock market and it looks like they took off these parameters here last night and they got chinese new year coming up here first week of february so, they got to clean this up and that and the world is, you know, at times, you know, some traders are taking it, you know, and that's why they're selling off everywhere because of it like what happened back in august, but probably more of the that is a domestic stock market. i think the bigger issue's not that stock market price action renminbi yuan on off shore. >> right. >> those are where the bigger concerns are because the chinese now have had to since they've been instituted in sdrs with the imf, now they're reserved currency, only about 2% takes place in their trading, but they've had to spin almost a tri
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
Search Results 0 to 10 of about 11 (some duplicates have been removed)