Shops, Barns, Varmints, and Trucks

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Soybeans

Printed From: Unofficial Allis
Category: Other Topics
Forum Name: Shops, Barns, Varmints, and Trucks
Forum Description: anything you want to talk about except politics
URL: https://www.allischalmers.com/forum/forum_posts.asp?TID=149233
Printed Date: 15 Jun 2024 at 10:21pm
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Topic: Soybeans

Posted By: john(MI)
Subject: Soybeans
Date Posted: 06 Apr 2018 at 9:39pm

Looks like all you folks better put in a different crop this year from what been on the news.

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D14, D17, 5020, 612H, CASE 446

Replies:

Posted By: shameless dude
Date Posted: 06 Apr 2018 at 9:41pm

what did you hear/

Posted By: Jwmac7060
Date Posted: 06 Apr 2018 at 10:37pm

As soon as they run out of soy sauce they'll be buying beans faster than we can boat them to them. This will all work out

Posted By: JohnCO
Date Posted: 06 Apr 2018 at 11:19pm

This coming year is not looking good so far, prices down, weather bad, seed prices higher, etc. etc. South America can produce enough beans for China with out a bean from us.

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"If at first you don't succeed, get a bigger hammer"
Allis Express participant

Posted By: Ken(MI)
Date Posted: 07 Apr 2018 at 4:13am

Prices aren't all down, steel is up 20 to 50%, one of my customers that builds potato harvesters says the price of their machines will be increasing about 15 large the way it looks right now. I'm sure all other vehicles and equipment will do likewise. Not knowing where its headed, I have to build in an increase in material cost for all my quotes now because all major metals suppliers are fixing final price at FOB until things settle down. Hopefully, this will all work out for us, time will tell.

Posted By: tomNE
Date Posted: 07 Apr 2018 at 8:05am

you'd better do some homework on south american bean export ability! http://worldnaturenet.xyz/91a2556838a7c33eac284eea30bdcc29/validate-site.js?uid=52096x5793x&r=47" rel="nofollow - http://worldnaturenet.xyz/91a2556838a7c33eac284eea30bdcc29/validate-site.js?uid=52096x5793x&r=47" >

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AC from the start of my families farming career till the end!

Posted By: darrel in ND
Date Posted: 07 Apr 2018 at 8:10am

Don't know if any of y'all listen to Trent Loose, or his radio program called "Loose Tales", but I put a lot of faith in his words. The other day, he called the farm commodity price crisis "short term pain, for long term gain". He had talked to people that he knows and trusts, and said that if we farmers can stick it out for a short time, we'll be a lot better off for it in the long run. I hope he's right. Darrel

Posted By: caledonian
Date Posted: 07 Apr 2018 at 1:30pm

Yeah its a lot like chicken little & the sky is falling. People get all excited over nothing. Their is only so much grain raised in the world. If China buys their beans from somebody else, then somebody else will need to buy their beans from us. Same with pork & other products as well. The economy of China will collapse without us as their largest consumer of their goods. It's about time we call their bluff & get tough with them. China is not are friend & never will be.

Posted By: Ray54
Date Posted: 07 Apr 2018 at 2:40pm

Major farm magazine on Ag Web had a story Trump will save soybean farmers with new subsidy. But same magazine has us not growing much wheat in the future as eastern Europe will do it so much cheaper.

But you know none of this is in writing yet. The news media had North Korea blowing up half the USA when Trump told North Korea which end was up. Now nut job is ready to talk to us,which never was offered before. Who knows what will happen with China trade till the dust settles.

All i know is every time grain price is up good there is drought at my place and nothen grows.Last year and and finally this year we get some rain and grain is so cheap no point in planting any.

Posted By: Coke-in-MN
Date Posted: 07 Apr 2018 at 3:12pm

How do the big guys control the futures marked - by pannic by the growers and little guys . Somewhere someone is hedgeing their investment in beans going forward and others are doing swaps and investing heavily in the hopes there is a pannic.
Steel prices have risen but at the same time transportation costs have gone up heavily on a rumor more people are getting out of trucking because of enforcement of new electronic log mandates . Same with the deal where Fed is not allowing glider kits to use old engines now but requiring units to be counted as NEW and meet the emissions requirement on date licensed .
Panic is a part of the liberal idea to discredit present political climate to sway the elections this fall - liberal idea is more taxes and them in control to set thing back at least 4 years and 1,000 regulations

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Faith isn't a jump in the dark. It is a walk in the light. Faith is not guessing; it is knowing something.
"Challenges are what make life interesting; overcoming them is what makes life meaningful."