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Jan 17, 2016 5:00am CST
customer> we'll talk about the hot buys in the equipment sector for 2016. and in john's world... <china, china, china> now for the market related news, grains saw life mid-week as usda's latest reports weren't as bearish as anticipated. usda's released the final numbers for the 2015 crop. the agency lowered the corn production tally slightly. it national average yield by nearly a bushel to 168-point-four bushels. the department also lowering soybean production to 3 point 9 billion bushels, still making it a record crop. the average yield is 48 bushels to the acre. china formally launched anti-dumping and anti- subsidy probes for dried distillers grain imports from the u-s. the announcment coming from china's ministry of commerce this week. in response, the u-s grain council says the anti- dupming and countervailing duties investigations are unwarranted and unhelpful. the council adding this could have negative effects on u-s growers and chinese consumers for years to come. crude oil traded below the 30
May 16, 2010 4:00am EDT
china, china, china...corn growers can't stop watching >>> today on u.s. farm report china, china, china. corn growers can't stopwatching this customer. bay producers adjust to environmental scrutiny. tallying up the losses from the massive flood. u.s. farm report brought the you by chevy. >>> el low and welcome to u.s. farm report. i'm john -- the result so far as to cause have been it wasn't me. seriously, not only do we not know why the dow plunged nearly 1,000 points points in three minutes we find out we don't know how much the markets work. we've added so many new trades, it is now officially incomprehensible. this is confidence inspiring to say the least. so when you see that standard warning about risks in the markets we show every week, i would take it seriously. time for headlines now. here's al pell. >> thank you, john, good morning everyone. for the second time in less than a month, china is in the market for american grown corn. china placed an order for -- tons this week, just after buying 100,000-tons. the purchase was made on tuesday night and is destined for feed
Jun 27, 2010 4:00am EDT
>> today on u.s. farm report. china imports u.s. corn for the first time in 15 years. meanwhile, more of the soy crop is headed to asia as well. u.s. farm report. brought to you by chevy and their award winning cars, trucks and cross overs. >> hello and welcome to the u.s. farm report i'm john. thanks to a lot of warm weather and an early start we have set a record for the earliest planted field. i had seen other silking a full week earlier, given the the forecast for summer, this could be a early corn harvest. a september start would be welcome this year. heck we would skip a late august vacation to get going. >> here is al. >> thanks john. the world's most populated country has a big appetite and the u.s. is in a great position the meet that demand. for the first time american corn was unloaded in china this week. according to the u.s. grains counsel the vessel cleared customs without delay. they placed orders last month and it signals that china will be in the market for more. a leader for the american soybean association said china should not be dismissed in it's importance
Jan 16, 2011 4:00am EST
soybeans is now 140 million bushels down 25 million from december. strong demand from china continues to eat away at supply. add it up, and it appears the battle for acreage will be fierce this spring. >> the big picture, guys, the big picture is that the market has not done enough to buy corn acres for 2011 seeding and soybeans aren't just going to willingly hand those acres off not with 140 million bushel beginning stocks. there's no cushion on the supply side going into the 2011 season for corn or for soybeans. as a result of that, these markets are going to be fighting for every acre that they can get ahold of between now and the spring planting season and with an acreage battle setting up like it is right now, we've got to expect some better new crops, marketing opportunities in the weeks and months ahead. for the he had tors of pro farmer in cedar falls, iowa, i'm chip flory. >>> a top economist at the usda believes the bull market will create more crop acreage in 2011. speak at the american farm bureau convention in atlanta, he says as many as 10 million more acres could come into
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
Mar 5, 2016 4:30am MST
china, rerelati teir val ofofhny ucuc, s s en joale e a majort mitation for the. cornrnindustryry there's'seen a lot disionhtt chchs ofand quit buying. i think the mbers don'n'suppt that a beenuge bur of sorghum ain this year. when you look at shipnts to date a few w eks heormmmmyclsiur actual ships are actuly 23 percenabove a year ago levels. . > wlet corre that china isisti buyingngnge latea numbers show ousususing sales to c c e more tha pcrnt behin la year. m mnwhileone ofevery four rowowof soybeanango to the lar asi customer, a marketensky dodot see backing off.
Mar 6, 2011 4:00am EST
surprise but china is a bright spot for trade. the export council said they purchased 320,000metric tons of milk powder last year. as spring draws near many farmers in the central and southern plains are concern ford their winter wheat crops. the u.s.d.a. released progress reports in kansas, oklahoma oak and texas. in texas 56% is called poor to very poor with 26% fair and in oklahoma 42% poor to very poor, 39% is fair. many of the areas suffered through arctic cold temperatures with little snow cover to protect the crops. >>> that's it for the headlines. now back to al for crop watc ♪ [ music ] >> crop watch this week take us from the still frozen midwest down to florida where field work is underway. a producer from iowa said there is talk of spreading fertilizer next week if the ground is still proceedsen. they finally had a round of nice days. for florida familiarers good weather conditions are allowing growers to till land. the conditions statewide remain mostly fair to poor. and in ohio winter wheat looks good. it's also very wet. rivers are out of their banks. >>> when we come ba
Nov 21, 2010 4:00am EST
about out of china was they are very, very, very concerned about inflation in china right now. this is the most pressure that i think i've ever seen maybe in any market where they've taken that much food inflation and pumped it up to the degree that they have. this week, believe it or not, corn was down 20 today, but china corn hit 950. so the commodity exchange, earlier in the week, the up prices has got china trying to figure out a way to make these prices going down. people in china are spending half of their income on food. it's a huge hit to take. their president talked about it. they raised the federal reserve rate by .5. they're trying drastically to knock food braces praise -- prices down. >> some of the guys in your business say china is doing that because if they can get us to lower our corn prices, they're going come in and buy more corn. is that what's happening or are they trying to take care of what's happening in their country? >> well, this is the first year that the demand is higher than what they can produce. >> in china? >> in china. i think it would be close to 1
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
Feb 21, 2016 5:00am CST
. china's appetitie for u-s soybeans continues to fade. our partners at pro farmer reporting china imported 5.66 million metric tons of soybeans in january. that's a 38 percent drop from december and 17 percent less promising 2016. rabobank says after a very challenging end to 2015, margins are improving. in rabobank's first poultry quarterly report of the year, analysts say better demand and lower supply in countires like u-s, china, thailand and europe are helping reduce the hefty supply issue we saw last year. in china, new restrictiosn on breeding stock will help keep tbird numbers down. but prices will still remain volatile due to avian influenza. the chem china and syngenta acquisition could open the door for g-m crops in china.. that's according to syngenta's leadership reuters reporting, the 43 billion dollar deal likely to give syngenta unrivaled access to the chinese market--the world's largest grain producer. also heating up, discussions about oil production and the impact on prices. four major producers, qatar, russia, saudi arabia and venezuela announcing a joint agree
Jan 17, 2016 5:00am PST
first time since 2003. this is as traders fear waning demand from china and the market anticipating sanctions fted on iranian oil exports. and supplies are growing-- the weekly supply data showing inventories of crude oil hitting new record highs. meat exports look to be picking up. the u-s meat export federation says november pork exports were up 8 percent over a year ago, and hitting the highest volume since may. but the year to date total is still lagging 2014. as for beef, november exports were down 1 percent, but did hit the largest volume since june. the export federation says looking at 2016, it expects beef and pork to regain momentum due to largest u-s pork production and greater market access. those are the headlines...meteorologist mike hoffman joins us now with weather. mike, old man winter tyne and in fact we're seeing another last of arctic air as we speak across the midwest. let's check th drought monitor first. as usual we don't really see many problems east of the continental divide there are a few dry areas starting to develop a little in the northeast and we just
Nov 22, 2009 4:00am EST
[ indiscernible ] essentially finished harvesting corn in china, so a pretty good idea on what their numbers are over there. their crop is going to get smaller. and australia, their crop is going to be smaller. so you've got some good support in the matters and o -- markets and this craziness in the dollar. >> we have seen a lot of [ indiscernible ] come back. we have seen a lot of this influx because people [ indiscernible ] i think it's a legitimate worry. one of the things i think some of the people are missing out there, i was at a party in chicago for [ indiscernible ] a member of the board of trade, [ indiscernible ] but at this party were a lot of veteran traders. virtually -- with very few exceptions, big yields. [ indiscernible ] i continued to argue that we have lost a lot in the quality. and yes, there's a lot of grain, [ indiscernible ] going to be grain everywhere but how much is going to be useable between the bdg problem. all kinds of things. i believe a useable supply of grain is [ indiscernible ] >> so what you're saying is [ indiscernible ] an exceptional yield this
Jan 16, 2016 5:00am EST
equipment sector for 2016. and in john's world... <china, china, china> farm report - brought to you by the dependable, long lasting, chevy mid-week as usda's latest reports weren't as bearish as anticipated. usda's released the final numbers for the 2015 crop. the agency lowered the corn production tally slightly. it comes in at 13-point-six billion bushels. usda dropped the national average yield by nearly a bushel to 168-point-four bushels. the department also lowering soybean production to 3 point 9 billion bushels, still making it a record crop. the average yield is 48 bushels to the acre. china formally launched anti-dumping and anti- subsidy probes for dried distillers grain imports from the u-s. the announcment coming from china's ministry of commerce this week. in response, the u-s grain council says the anti- dupming and countervailing duties investigations are unwarranted and unhelpful. the council adding this could have negative effects on u-s growers and chinese consumers for years to come. crude oil traded below since 2003. this is as traders fear waning demand from
Nov 1, 2015 3:00am CST
. economists say strong domestic fundamentals signal growth to pick up this quarter. china is dropping its one child policy for the first time since the 1970s. this opens the door for allow two children for every couple. the communist party issued a statement, saying to promoate a balanced growth of population, china will continue to uphold the basic national policy of population control. this still needs to be approved by china's top legilsature. china began to relax the policy last year, allowing couples to have a second baby if the mother or father was an only child. dupont pioneer is no longer denying that its agriculture business could be a part of a merger. during the earnings call this week, dupont interim c-e-o said everyone is talking to everyone right now and he's talking to ceo's of other companies. he went on to say consoidation should happen and they're looking to see of anything makes financial sense for shareholders. dupont reported q-3 earnings down 17 percent compared to last year, with a 30 percent drop just in its ag business. that's it for the news. mike, a
May 1, 2011 4:00am EDT
. >> and alan greenspan financial exsue ambulance. my eyes are on the china markets. the china exchange is significant rallies, over 120% this year. >> it's just growing. >> it's just growing and because their economy has been extended for an extended time period and they're getting ready for the olympics and one question is what happens after the olympics and does the estimation make themself look good prior to 2008. could they have a little slip in '09, '10. so when they have their natural economic recessions on demand, how is that going to happen? ethanol has been basically the darling of the corn market and biodiesel for beans but now it's blamed for everything and you got an energy bill that can't be passed and could we have a flooding of the corn curb out in 2009 and 2010. >> that has to happen in the meantime. is that part of it? >> and at the same time you've got crude oil, all time record highs with gasoline still below $3. there's a disconnect between gasoline and crude oil. there's going to be a spring back effect but the economy is not being affected by -- so nobody has got
Jan 24, 2016 5:00am CST
last year, sluggish demand and market turmoil in china will only further hurt prices. canadian processor saputo predicts milk prices to remain depressed in 2016. and now it's a question of which country's producers can handle the lower prices and adapt to volatility. canada based potash corp says its halting production at a mine in new burnswick. the picadilliy mine just opened in late 2014--and was expected to crank out up to one point 8 million tons of potash a year. but prices have dropped significantly in recent years...from 900 dollars a ton in 2008 to roughly 300 a ton now. the decision to indefinitely suspend production will result in more than 400 layoffs..although it will be capable of restarting production if prices increase. those are the headlines...let's check in now with meteorologist mike hoffman. mike, things are going to take a while for some folks to dig out from this one. the good news is that storm will continue to move off shore and things will slowly improve for the rest of the weekend and it has been slowly improving in the drought areas out west, while y
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
Oct 1, 2016 5:00am CDT
million, one year and another half a million (541,020 mt) in the 17-18 year. china is slapping an anti-subsidy duty to imports of u-s dried distillers grains. the country issuing a final ruling this week, claiming u-s dried distiller's grains are being unfairly subsidized by the u-s government, saying it's damaging china's ddg industry. the news came just weeks after the u-s filed a complaint with the world trade organization, accusing china of illegal government subsidies for rice, wheat and corn. head this week, one of canada's largest feedlots is closing its gates. [take: full screen still canada... with a dot for western feedlots, ltd number: (location is strathmore, alberta, canada incue: western feedlots, ltd shutting down outcue: - 100,000 head capacity] [notes:- blaming market conditions, political environment alberta based western feedlots says it will close it's environment. an alberta cattle feeding copmany says more cattle feeders will close in the next 6 months, which means more cattle could flood the u-s fedyards. the overload of milk on the world market could be getting
Feb 7, 2010 4:00am EST
talking about corn, i'm going to go to you for beans so you can go ahead but china has been a big buyer of beans but one of these days they are going to start buying them from brazil and argentina. you told me earlier their price was $14 less than the united states. >> yeah, this week alone it dropped that much. >> okay. per ton or bushel. >> per ton. the spread is getting beneficial for them to start witching their purse purchases, whether they switch old or new purchases. >> go ahead. >> that's not the end of the world though, that everything switches down there. because one of the things you see is we have this homongous demand from china, and we did all these things so our carry out actually at this point from that standpoint it's pretty good for prices but when we switched down to south america and they start buying all these beans they use a lot of futures in the u.s. to hedge them. we still get the end pricing on the floor of it even though they purchase it in south america. we need to have them do it is still come along and make a purchase in south america and be able to use as
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
Sep 24, 2016 5:00am CDT
fed expects the economy to expand at moderate pace over next few years china could soon start accepting imports of u-s beef. at least that's what a chinese official promised during a speech in new york tuesday night. china's ban on u-s beef started in 2003 after the b-s-e scare. there's no exact timetable as to when imports will resume, but officals they recognize the u-s has very good beef, so why should they deny chinese customers that choice. the world's largest buyer of wheat could be in the market for more of the small grain. egypt is dumping it's zero tolderance policy on ergot, a common grain fungus. that regulation implemented last month basically shut down its access to global wheat. egypt will reinstate the previous tolerance level, and said it's being applied to both outstanding and future wheat contracts despite lower milk still on the rise. usda showing milk production in the nation's top 23 states reaching 16 point 7 billion pounds. that's up 2 percent from august of last year. teh largest increase year over year coming from texas, with production topping last ye
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
Oct 2, 2016 3:30am CDT
prematurely sold its agrisure viptera and duracade corn products leading china to stop importing the corn. which in turn caused news...meteorologist mike hoffman joins us again, this week with his 90 day. mike, how's moisture looking. thanks, tyne, as you'll see in my outlook for the next ninety days some northern areas i'm still expecting above normal precipitation southern sections least parts of the area expected to be below a normal now as far as the jet stream that slow moving storm system still in the eastern great lakes and finally gets completely out of here by wednesday as a ridge builds into the northeast look at that, another cut off coming into the southwestern plains south eastern rockies and as we head through the week our model is showing that kind of cutting off into the southern mississippi valley that will be producing a least some shower activity down that way with a trough farther north it does finally get rid of that then in tennessee a zonal flow was ripples through it as we head into sunday now let's go ninety days or months by month october temperatures above
Jun 13, 2010 4:00am EDT
cheaper feed costs and the resumption of sales to china, things are much healthier. now while in des moines, reporter michelle ruck caught up with the council. >> it's a whole lot different. producers are starting to make money. they're starting to pay the red ink off and things are looking better in this industry. >> you mentioned exports so important in this industry. we have china back in the market and russia. >> russia started taking product two weeks ago and china, they just got all the paperwork done on may 14th. >> is the dollar going to hurt you guys. >> the dollar going up is never a good thing for exports, but right now we still have demand. >> and farmville have discussions and you guys want to be at the table. >> you bet there. 's a lot of things you're going the look at and the past year shows how we're going the need risk management. we lost 8% of our export markets last year compared to the year before. we've gained four% today. >> sam carnie, reporting from the pork expo. i'm michelle ruck. u.s. farm report. >> despite storms in recent works, as of last weekend, the
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
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 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
Oct 31, 2010 4:00am EDT
probably thought. those are based on the deteriorating prospects for crops in china and the us. the grains counsel lowered grain stocks by 6 metric tons to 25 million metric tons. last year it was 152. sign-up for disaster aid began this week for southern farmers who sustained crop losses from excessive moisture last year. the ag department announced that more than half billion dollars in payments will be distributed. eligible commodities include rice, cotton, soy beans and sweet potatoes. the usda says the payments help producers not sure by the permanent disaster aid program. we asked fsa administrator jonathan copas why the disaster aid was not broader to include drought -related losses. >> that really kind of boxed us in about what we could do and how much we had to work with so it became a matter of how do we target this where we're seeing two things mainly. 1, we're seeing a disaster from '09, and 2, we're hearing and seeing it cover the disaster losses that farmers are facing, so with those parameters in mind, that's what we were working with then to come up with a disaster program.
Oct 9, 2016 3:30am CDT
. after weeks of talk, china is officially completely removing it's ban on u-s beef prodcuts. it's a ban put into place in 2003 after the united states b-s-e scare. the moves open the door for u-s bone in beef and boness beef for livestock under 30 months of into china shot up 51 percent compared to the same time last year. this was the scene at the world dairy expo this week, as producers are facing the stark reality of struggling dairy prices. the class iii milk prices just keeps slipping. usda announcing hte setpember price falling to 16.39 per hudnrewedight. that's down 52 cents from august, and 57 cents below the same time last year. u.s. dairy producers have a growing herd and growing supplies. mke north of commodity ement groups says milk prices will need to move higher to get margins back in the black. <"as we look at bench marks toward profitability, we'll need to see one or two dollars at least. in some regions, we will need to see 3 or 4 dollars a hundred weight," > north says he expects pressure to continue on these prices to close out 2016 and heading into 2017. the u-s is s
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
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
Jul 3, 2011 4:00am EDT
things i asked you -- i know you know a lot about chi -- china -- will they buy more. >> i think it's -- a lot of users everywhere. whether it be china, feeders. it's a good thing. as far as china goes, all u.s. corn is below their domestic price, even with the taxes in there, they can buy a lot of u.s. corn. from my knowledge, i think you could see substantial purchases here. i think we saw quite a bit of corn move when the japanese had a problem. then you have a hard break in the summer where prices next year are questionable. it's a good move to buy grain. you saw them buy grain this weekend. i think you can see them buy more next week. it will be about five times more than people thing. >> thing -- people think. >> i think prices stay down. it works in their country. they can by a lot of corn just like they buy beans. >> is that positive? >> this break is a positive thing for agriculture. the prices went down. >> yeah, al, if we would have just continued to go up and hit $9, we would have shut off demand for two years. we've experienced that before. this sell off came at a ti
Jul 24, 2011 4:00am EDT
. >> you have concern about europe and china, you know what's amazing to me is it's all about the rhetoric and how they spin it but they talk about china slowing. they are slug half a per percent. >> i would take a half point off mine. >> china is looking at adding between 60 and 70 million cars a year in the next ten years this have increased last year alone jumped 38% from the year before. where our production on cars dropped 28% to the lowest level since 2001. >> right. >> we are are seeing things when they talk china, maybe a hair. the government has not been successful at slowing the chain down and that is when incident demand is still there. >> it is. they are increasing the production. they are paying hog producers $15.50 a hog just to breed them. >> we will talk about that when we come back. @@ =÷÷÷÷1g1g1g1g1g%g1g . >>> before we talk about 2012, i'm a little concerned that all this double crop soybeans are sitting there in a lot of dry dirt and they -- the acres are not really there. >> we talked about this, i think one of the things we to watch is the soybe
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