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Soybeans plunge to fresh lows as Trump's trade war persists

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  • simplicio
    replied
    Originally posted by JamesTheLesser View Post

    Global Warming.

    Blame alGore, he replaced his mouth as the afterburner for his private flying petro guzzler. A full half of a degree improvement. I kid you not likely!
    whew! Good diversion.

    Leave a comment:


  • America
    replied
    I see: Drumpf is winning because something might happen in the future.

    By that standard, Hillary Clinton and Al Gore are winning ten times as much. Obama's win-streak is off the chartz!!!

    Leave a comment:


  • Nouveau
    replied
    Looks like Canadiot TrueDolts sock puppets are failing

    As many have discussed, due to their volume requirements China cannot secure their supply chain for soybeans without purchasing U.S. soybean crops. China can purchase soybeans from Brazil and Argentina; however, that only leads to Argentina increasing it’s soybean purchases from the U.S. Amplifying this issue are current lower yields from South America in their soybean crops.
    US resumes soybean shipments

    Trade Report: China May Have To Resume U.S. Soybean purchases Within Weeks…

    In July, China imposed import tariffs on a list of U.S. goods, including soybeans, as part of the trade dispute with the United States. China is the world’s largest soybean importer and has been seeking alternative supplies, especially in South America, where supplies available for export are down.

    “China has to resume purchases of U.S. soybeans,” Oil World said in its latest newsletter. “The South American supply shortage will make it necessary for China, in our opinion, to import 15 million tonnes of U.S. soybeans in October 2018/March 2019, even if the current trade war is not resolved.”

    Chinese purchases of U.S. soybeans could re-start “in coming weeks,” Oil World added.

    Soybeans, crushed to make cooking oil and the protein-rich animal feed ingredient soymeal, were the biggest U.S. agriculture export to China last year at a value of $12.3 billion, according to the U.S. Department of Agriculture.
    https://www.reuters.com/article/us-s...source=twitter

    Trump is winning and the haterz lose.

    Leave a comment:


  • Nouveau
    replied
    Originally posted by JamesTheLesser View Post

    Global Warming.

    Blame alGore, he replaced his mouth as the afterburner for his private flying petro guzzler. A full half of a degree improvement. I kid you not likely!
    He has been quiet lately.

    The only tipping point was Tipper.

    Leave a comment:


  • JamesTheLesser
    replied
    Originally posted by reepicheep View Post
    I just read something interesting about US soybean farmers.

    The cost of producing a bushel varies from state to state, and ranges from $9.63 to $11.41 per bushel.

    US farmers are currently receiving around $7.90/bushel.

    Do the math...

    https://seekingalpha.com/article/418...ation-gone-far
    Global Warming.

    Blame alGore, he replaced his mouth as the afterburner for his private flying petro guzzler. A full half of a degree improvement. I kid you not likely!

    Leave a comment:


  • reepicheep
    replied
    I just read something interesting about US soybean farmers.

    The cost of producing a bushel varies from state to state, and ranges from $9.63 to $11.41 per bushel.

    US farmers are currently receiving around $7.90/bushel.

    Do the math...

    https://seekingalpha.com/article/418...ation-gone-far

    Leave a comment:


  • Nouveau
    replied
    Originally posted by simplicio View Post

    We look forward to your learned technical analysis of the bean situation. We could use it to base our investment decisions on.
    I don't know beans about soy speculation. I know Jesus and he has control of the rain which impacts yields. I know farmers and if they increase acreage for soy, crop surplus levels put downward pressure on prices. I know cattle, hogs and chickens find soybean meal as tasty. I know chubby Americans eat a lot of french fries fried in vege oil. I know a farmer will complain about crop prices and losing money and buy a new Ford pickup in December to get depreciation on this years taxes.

    Review the above factors and tell me why some neurotic liberals think Trump influences any of them.

    Leave a comment:


  • simplicio
    replied
    Originally posted by Nouveau View Post

    I am a quant and my published specialty is in equities trading. I don't do commodities even tho I may be the only CARM member that has been to 20 S. Wacker Drive.Chicago. The CME

    Weather, foreign acreage, monetary exchange rates crop yields are factors I don't follow.
    Very impressive Nouveau!

    Leave a comment:


  • Nouveau
    replied
    Originally posted by simplicio View Post

    We look forward to your learned technical analysis of the bean situation. We could use it to base our investment decisions on.
    I am a quant and my published specialty is in equities trading. I don't do commodities even tho I may be the only CARM member that has been to 20 S. Wacker Drive.Chicago. The CME

    Weather, foreign acreage, monetary exchange rates crop yields are factors I don't follow.

    Leave a comment:


  • simplicio
    replied
    Originally posted by Nouveau View Post
    Today I will look at 4 things. Soybean inventories, Argentina drought, acres planted and spot market volume. Dingaling leftists are blocked from analytical tools.

    Argentina has worst drought in 30 years and now God dumped heavy rains during harvest. Brazil crop is up. Fungible commodities trading is global in scope.
    We look forward to your learned technical analysis of the bean situation. We could use it to base our investment decisions on.

    Leave a comment:


  • Nouveau
    replied
    Today I will look at 4 things. Soybean inventories, Argentina drought, acres planted and spot market volume. Dingaling leftists are blocked from analytical tools.

    Argentina has worst drought in 30 years and now God dumped heavy rains during harvest. Brazil crop is up. Fungible commodities trading is global in scope.

    Leave a comment:


  • reepicheep
    replied
    $9.50/bushel - soybean cash price, six weeks ago

    $7.35/bushel - soybean cash price, today (Friday July 13)

    a drop of 22.6% in six weeks

    https://www.yankton.net/community/ar...22aa5cf6c.html

    Tariffs, trade war put Soybean Producers in a Painful Bind

    The American trade tariffs went into effect only last week, but Tyronne Bialas is already seeing the impact for this fall’s harvest.

    "I just shot an email to our team of grain buyers reminding them that, about six short weeks ago, we were looking at $9.50 beans and $3.50 corn," he said. "What we’re seeing is a large drop, and it happened extremely fast. Today, corn was $3 and soybeans were down to $7.35 for the cash price. We don’t know when things will turn around."

    Farmers may not see the actual financial impact until harvest and sale of the crop, Rounds said. But at that time, the producer will realize the losses and face pressure from bankers to sell the crop and pay off loans, the senator added.

    Leave a comment:


  • bob1
    replied
    Originally posted by Nouveau View Post
    Liberals don't know the difference between income and profits. Net profits. That is why we elected a business man.

    As a shrewd farmer and accountant, in the last weeks of the year, I and others decide how much money to make. We buy fuel, tires, equipment, fertilizer for expense deductions. These are not amortized over time. Then we also sell crops and place commodity positions. For a John Deere combine using Modified Accelerated Cost Recovery System with a new MacDon header a good sized depreciation.
    Didn't you claim on another thread that you weren't a farm, Cowboy-Commodore?

    Leave a comment:


  • Nouveau
    replied
    Originally posted by backup View Post

    thank you

    It's been a while


    Socialists are not adapted to farming.

    Leave a comment:


  • backup
    replied
    Originally posted by Nouveau View Post
    Marxists


    Originally posted by Nouveau View Post

    I get gubment subsidy checks to not plant rye

    Originally posted by Nouveau View Post
    uneducated[/COLOR]


    Originally posted by Nouveau View Post

    Yes. There is no and never was a human/primate common ancestor.

    Leave a comment:

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