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Search Results 0 to 19 of about 20 (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
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
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
Oct 25, 2015 5:00am CDT
government spending. china is lifting restrictions on u-s pork processing plants, opening the door for as much as half of u-s pork processed in the u-s. china banned pork from u-s plants after officials found traces of ractopamine starting a year ago. imports can now come from 14 u-s plants and warehouses. china is the largest buyer of pork. a supply and demand imblance is creating a slow recovery in the global pork market. a new report from rabobank shows adverse exchange rates hurt pork trade in the third quarter of this year. and with elevated price levels today, the remainder of this term, the main question is how much growth we'll see in major importing countries, and how that will impact trade. the u-s is putting the breaks on milk production, with the latest numbers showign the slowest rate of increase all year. the u-s department of agriculture says milk ouput grew less than one half of a percent in september. and looking at the third quarter, production rose almost one percent. california continues to lead the pack in the decline, with the state milk numbers down 3 point 6 per
Oct 11, 2009 4:00am EDT
bearish the market in jefnlt i know there are things going on in china right now that are pretty bullish that are going to put a buying power underneath this market and in the corn crop in particular with the big loss in their crop, it will make our market a little more friendly than people would think. >> ok. gavin, you heard his comentd imhents that. you thought about this. are they different? >> i think a lot of farmers are finding they have far more bushels still to sell than they had thought only a month or so ago. what they should consider that is gravy, extra ammunition perhaps to fire off during these rallies we get on frost scarce. a mart ma hjorth of producers -- a majority of producers should already be quite well protected by this time of the year. we always put in our lows in harvest. no surprise. if you wait till now to sell, you're playing the wrong game at the wrong time. >> when you get in the feelt field and you get 20 bushels more per acre and get a couple thousand acres, what do you do? >> it's a terrific problem to have. you should only be a seller in balance
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
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 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
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
Feb 5, 2012 4:00am EST
certainly concerned about demand out here. greg is kind of an expert out here, on china, but from what i see, we see them backing off the last couple months, so that concerns me. it's been -- we've never in this down there i had three years of increasing trend-line yield, so it would be unprecedented to have the third year. if we do something in these markets that's unprecedented, we could have an unprecedented reaction and price. i would say that we might have to go a little higher. but i believe that -- i was taught in the university of illinois, in ag school, many of you might remember tom and he always used to say, mother nature takes care of excesses and mother nature takes care of deficits. i hope mother nature takes care of the deficits. >> what about china, greg? what's your outlook? we're talking about a percent off of 10% growth. >> i think the chinese leadership is more interested in control. they just announced the other day that they'll increase crushing capacity another 12 million metric tons. so their biggest thing will be civil unrest and having their food inflatio
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
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
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
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
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
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
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
Sep 27, 2009 4:00am EDT
is a different situation. china already has 370 million of corn contract they did business with us. they wanted most of that between now and march because they can't get those beans out of south america. so you will see the trade trying to get you to sell the cash beans and when i say trying to, that means either the board is up or the basis has to be push because the pressure is trying to keep it from going to the gulf or the bmw. but with all of that export business it has got to move. so to me that's as you sell the beans maybe three or four months rights off the combine in some cases corn is probably a better long-term hold from a basis stand point. >> just are you saying that soy beans will go down in the future? i will ask bob that question again in a minute. >> if you can entice the south americans to plant and they get it planted and all comes up you will want it to be all sold or most of next year sold because they are going to flood the market starting in march. >> what do you think? >> i think allan is essentially correct. it is a market where you have to be timed right.
Search Results 0 to 19 of about 20 (some duplicates have been removed)