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2012 8
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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
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
Aug 19, 2012 4:00am EDT
beans. china hasn't backed away. they want our beans. >> the bean -- they aren't as tied. beans aren't as tied to livestock. . >> no they aren't. going back to corn. one of the things a lot of people are worried about and a lot of news, about whether or not there could be just a huge cut back in the ethanol industry. i don't see that happening. i don't see -- even if you cut the mandate on ethanol. >> report from purdue last week. >> to make it work and you know once the -- once the blenders have their rations put together, the blending rates -- it's very difficult to change that. so, you know i think we have cut the ethanol industry quite a bit. i think beyond this point it's -- i don't think you cut it much more. >> down to about four and a half billion. maybe down to 4-2 but how much more can you go in exports, probably in --. >> okay. next question. we have profarmers out and a crop tour going on and they do that every year to come up with what they think will statement the corn yield after they walk through the fields. we don't know yet. they are just starting. you guys thi
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
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
Apr 15, 2012 4:00am EDT
the next day. today, you know with china, gdp -- coming and moving the markets i think we are geared a little more to the fundamentals today, the brake can be -- to seeing rain that we saw coming across the very dry areas in an anticipation of the coverage being good. corn took it on the chin. >> most are getting used to look at what happens in south america and other place around the world but we are in a world grain market? >> absolutely. have you to pay attention to south america, china is another good example. they are a big corn area, it's very cold and dry right now. russia the drought affecting the wheat crop in france and germany and poland. you just can't look in your own backyard. >> when we come back, one of the things i want to do is look in our one backyard and predict what the prices will be this summer, what we need to watch for. when we return in just a moment. . >>> tom into yan grain company, i said we would look at what the prices would be. i will just start out with you greg. we will see 15-dollar beans this summer. >> i don't think we will any time. >> you don't. >
Jun 10, 2012 4:00am EDT
euro crisis, i'm studying the monsoonal rain patterns india and i can now almost pronounce the china currency. i'm way behind on farm bill details. iodamide to -- somebody better say firing farmers still in school. the graduation doesn't mean the end of homework. let's get started the headlines now . >> thank you john. even though u.s.d.a. said lean finely textured beef is safe to eat all but three states are deciding not to use it. you may remember the up roar when it vent viral. amid the controversy u.s.d.a. gave schooling the choice to buy beef with or without it for the next school year. the national school lunch program was a big buyer of ground weave. there are only three state that will use it next school year. that's iowa, nebraska and south dakota. those three states all had plant that produced it. the company has shut them down because of lack of demand. >>> a federal judge said the fda needs to do more to address the risk of human over medication use in livestock and animal feed. the fda feels it should cut back on medication, but public health groups filed suit. this week
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
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. >>
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
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
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
May 27, 2012 4:00am EDT
with only 163. >> unless china has a bad crop situation. unless they have a crop program. the soybeans however could be more volatile. they are down to about 1 it is 1 billion they were up at about a 1.6 billion. they have 200 million. they still have a lot of beans. the situation -- if we have a poor crop or around the world that will cause a rally. >> the situation is that we are still looking at what's going on around the worm as well as and we were talking about before we came down down stairs to get the business here that actually corn is -- we can buy corn brazil, cheaper -- particularly for the east coast. >> yeah. and yet on soybeans it's the opposite. right now, you know brazil has been selling corn aggressively. the gulf market broke 25-cents this last week. >> based on. >> the fact that brazil is out stealing our customers like japan. they are our number one customer. >> about 60-cents a bushel cheaper to start the week with the calculations. we narrowed that gap now so its getting more toward the even keel. july corp.. >> here is the significance of this whole story. we nev
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
Search Results 0 to 13 of about 14