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john(MI) 
Orange Level
Joined: 12 Sep 2009
Location: SE MI
Points: 9263
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 Topic: Soybeans
Posted: 06 Apr 2018 at 9:39pm |
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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
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shameless dude
Orange Level
Joined: 10 Apr 2017
Location: east NE
Points: 13611
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Posted: 06 Apr 2018 at 9:41pm |
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what did you hear/
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Jwmac7060
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Joined: 04 Jan 2014
Location: Indiana
Points: 929
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Posted: 06 Apr 2018 at 10:37pm |
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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
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JohnCO
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Joined: 11 Sep 2009
Location: Niwot Colo
Points: 8992
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Posted: 06 Apr 2018 at 11:19pm |
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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
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Ken(MI)
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Joined: 14 Sep 2009
Location: Lansing, MI
Points: 618
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Posted: 07 Apr 2018 at 4:13am |
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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.
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tomNE
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Joined: 13 Sep 2009
Location: dorchester, ne
Points: 1218
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Posted: 07 Apr 2018 at 8:05am |
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AC from the start of my families farming career till the end!
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darrel in ND
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Joined: 22 Nov 2009
Location: Hebron, ND
Points: 8593
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Posted: 07 Apr 2018 at 8:10am |
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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
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caledonian
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Joined: 02 Apr 2016
Location: Nebraska
Points: 469
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Posted: 07 Apr 2018 at 1:30pm |
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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.
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Ray54
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Joined: 22 Nov 2009
Location: Paso Robles, Ca
Points: 4371
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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.
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Coke-in-MN
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Joined: 12 Sep 2009
Location: Afton MN
Points: 41229
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Posted: 07 Apr 2018 at 3:12pm |
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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."
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