Somebody is hungry.

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Re: Somebody is hungry.

Post by eric84 » Wed Jul 25, 2018 2:32 pm

twodogs wrote:
Wed Jul 25, 2018 2:21 pm
eric84 wrote:
Wed Jul 25, 2018 12:08 pm
Trumpiedoodle remains delusional thinking these tactics will work.
Seems to me the tactics are working pretty well. The stock market is up, millions of jobs go unfilled, more new factories are popping up all over the country and President Trump hasn't even announced the stimulus package yet.

My guess is we will have a bilateral trade deal with Mexico in a month or two and when Brexit actually happens and the EU dissolves deals with the UK, France, Spain and Italy. It may take a year or two but the world will be a much better place when this is over. Brazil, Korea, Vietnam and Australia are already benefiting.
Having to create a 12 billion dollar slush fund for farmers because they're about to be hit hard on tariffs doesn't suggest success to me. The rest of your speculation is, of course, hilarious and based on nothing.
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Re: Somebody is hungry.

Post by twodogs » Wed Jul 25, 2018 2:39 pm

12 billion equates to $30 per person which is nothing compared to $640 per person that Alberta spends.

"The report suggests the federal government spent $14 billion in 2014-15, the last year for which statistics are available; the four largest provinces spent $14.6 billion. On a per capita basis, Alberta was the biggest per capita spender, offering businesses $640 in subsidies for every resident of the province."
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Re: Somebody is hungry.

Post by eric84 » Wed Jul 25, 2018 2:41 pm

twodogs wrote:
Wed Jul 25, 2018 2:39 pm
12 billion equates to $30 per person which is nothing compared to $640 per person that Alberta spends.

Total US ag subsidies, of course, are also far higher. You knew that, of course.
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Re: Somebody is hungry.

Post by twodogs » Wed Jul 25, 2018 7:14 pm

Not by much, 23 billion last year for a total of $100 a person if it is all used. Still pales in comparison to Canadian subsidies.
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Re: Somebody is hungry.

Post by eric84 » Wed Jul 25, 2018 7:16 pm

twodogs wrote:
Wed Jul 25, 2018 7:14 pm
Not by much, 23 billion last year for a total of $100 a person if it is all used. Still pales in comparison to Canadian subsidies.
Utter lie.
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Re: Somebody is hungry.

Post by twodogs » Wed Jul 25, 2018 7:39 pm

These should be jubilant times across the sprawling savanna of southeastern Brazil. Soybean is king here. And with the China-U.S. trade war pushing Chinese buyers to frantically search the globe for alternatives to American soy, Brazil is the most logical first stop.

But not only are farmers not boosting sales to take advantage of this sudden jump in demand -- and prices -- they’re actually halting them.

In an untimely twist that seems to epitomize everything that’s gone wrong with Brazil’s economy in recent years, the government imposed a rule change in late May that pushed up freight costs as much as 150 percent, squeezing farmers’ profit margins so much that many are just letting the remaining soy from the last harvest pile up in silos along with corn that’s currently being reaped.
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Re: Somebody is hungry.

Post by twodogs » Wed Jul 25, 2018 7:45 pm

People got to eat.

Soybeans were pegged at 252,300 tons (9.3 million bushels), 59% more than the prior week. The Netherlands bought 78,500 tons and Canada picked up 74,300 tons. So far, this marketing year, soybean sales are 2.120 billion bushels. Sales of 613,400 tons (22.5 million bushels) for 2018/19 delivery were primarily to unknown destinations (433,000 tons) and Argentina (120,000 tons).

Soybean meal came out at 131,000 tons, a significant jump from the week before and 21% larger than the four-week average. Spain purchased 66,000 tons and Colombia bought 29,000 tons. For the marketing year to date, soybean meal sales are 11,676,500 tons, compared to 10,048,200 last year. Sales of 91,000 tons for 2018/19 delivery were mostly to El Salvador (46,300 tons) and Guatemala (29,200 tons).

Soybean oil was reported at 10,900 tons. Venezuela picked up 18,000 tons and Mexico purchased 4,600 tons. 2017/18 soybean oil sales are 1,006,400 tons. Sales of 9,200 tons for 2018/19 delivery were to the Dominican Republic.
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Re: Somebody is hungry.

Post by birdlite » Wed Jul 25, 2018 7:46 pm

twodogs wrote:
Wed Jul 25, 2018 2:39 pm
12 billion equates to $30 per person which is nothing compared to $640 per person that Alberta spends.
I don't care what Canadian taxpayers pay their farmers. That's a non sequitur.
Where does that $12B come from? How can Trump announce $12B in farm welfare (needed because of his tariffs) on the same day Congress starts discussions on how they can't fund the veterans program?

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Re: Somebody is hungry.

Post by birdlite » Wed Jul 25, 2018 7:54 pm

Farmers for Free Trade Statement: “Farmers Need Contracts, Not Compensation”

Farmers for Free Trade, the bipartisan coalition working to oppose trade policies that hurt American farmers today released the following statement from Executive Director Brian Kuehl.

“Farmers across America depend on open markets and stable contracts for their livelihood. The best relief for the president’s trade war would be ending the trade war. Farmers need contracts, not compensation, so they can create stability and plan for the future. This proposed action would only be a short-term attempt at masking the long-term damage caused by tariffs..”

“Farmers can and do weather many storms, but this economic cyclone of tariffs is creating long-term, irreversible damage to the heartland. The $20 billion trade surplus in agriculture is due to decades of effort by American farmers who’ve opened new markets and developed world class supply chains. Unfortunately, a one-time check won’t replace the deterioration of long-term contracts and relationships. Nor will it address the many sectors of agriculture impacted – from producers, to grain bin operators, to shippers. Farmers need stable markets to plan for the future. As such, we urge the Administration to take immediate action to stop the trade war and get back to opening new markets.”
“If trade is our problem, aid handouts are a poor solution. As producers, we would rather be able to sell our crop for a fair price and grow both agricultural export and market opportunities." - ISG chairwoman Lynn Rohrscheib
Jim Monroe with the National Pork Producers Council tells Brownfield the pork industry is currently facing retaliatory tariffs from China and Mexico on 40 percent of the nation’s exports. “American pork producers and their families are in significant financial dire straits and anything that can be done to stabilize a pretty unstable situation is welcome.” From March through May, Iowa State economists estimate the pork industry lost about $2 billion based on loses in the futures market.

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Re: Somebody is hungry.

Post by twodogs » Wed Jul 25, 2018 8:15 pm

So democrats are complaining because the money came from President Trump?
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Re: Somebody is hungry.

Post by twodogs » Wed Jul 25, 2018 8:20 pm

birdlite wrote:
Wed Jul 25, 2018 7:46 pm
Where does that $12B come from?
The same place Obama got his 9 trillion.
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Re: Somebody is hungry.

Post by twodogs » Thu Jul 26, 2018 1:13 am

"The EU also agreed to buy billions of dollars worth of American exports, including soya beans and natural gas, and work to reform international trade rules."
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Re: Somebody is hungry.

Post by Godjira » Thu Jul 26, 2018 1:21 am

twodogs wrote:
Godjira wrote:
Wed Jul 25, 2018 5:34 am
Trump is systematically bringing the American economy to its knees.
How so?
By doing stupid things.
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Re: Somebody is hungry.

Post by twodogs » Thu Jul 26, 2018 2:38 am

Creating millions of jobs is stupid?
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Re: Somebody is hungry.

Post by birdlite » Thu Jul 26, 2018 3:01 am

twodogs wrote:
birdlite wrote:
Wed Jul 25, 2018 7:46 pm
Where does that $12B come from?
The same place Obama got his 9 trillion.
Let's try this again. It's 2018, Trump is president. If we can't fund vets, where are we getting $12B in Trump vanity funding?

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Re: Somebody is hungry.

Post by twodogs » Thu Jul 26, 2018 3:07 am

The same place Obama got his 9 trillion.
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Re: Somebody is hungry.

Post by Godjira » Thu Jul 26, 2018 4:12 am

twodogs wrote:Creating millions of jobs is stupid?
Trump hasn’t created millions of jobs, but he has destroyed a bunch. Check out Atlantic City.
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Re: Somebody is hungry.

Post by twodogs » Thu Jul 26, 2018 12:18 pm

Nonfarm Payroll Has Increased By 3,216,000 Since President Trump Took Office. ( Bureau Of Labor Statistics , Accessed 7/6/18)

Nobody goes to New Jersey.
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Re: Somebody is hungry.

Post by twodogs » Thu Jul 26, 2018 2:04 pm

The rest of the world is having a bad year for grain and Brazil still has transportation problems. All of this combined is good news for US farmers.

"Wheat prices toyed with the highest close in three years, climbing over 6% as traders responded to the prospect of falling global production.

Chicago wheat contracts for September rose 6.4% to $5.42 3/4 a bushel at the Chicago Board of Trade.

Minneapolis spring wheat bounced over 5%, while Kansas City winter wheat bounced 6.1%.

Strength in the wheat market helped pull corn and soybean prices higher too, analysts said. CBOT September corn contracts rose 2.1% to $3.59 1/4 a bushel, while August-dated soybeans gained 0.3% to $8.60 3/4 a bushel."
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Re: Somebody is hungry.

Post by birdlite » Fri Jul 27, 2018 1:02 am

twodogs wrote:
Thu Jul 26, 2018 12:18 pm
Nonfarm Payroll Has Increased By 3,216,000 Since President Trump Took Office. ( Bureau Of Labor Statistics , Accessed 7/6/18)
So Trump managed not to crap on an existing trend after the Bush recession. What a guy.
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Re: Somebody is hungry.

Post by twodogs » Fri Jul 27, 2018 1:59 pm

Corn (Sep '18) 362-2 +0-6
Corn (Dec '18) 376-6 +1-0
Corn (Mar '19) 387-2 +1-0
Soybeans (Aug '18) 870-4 +9-2
Soybeans (Sep '18) 875-0 +8-6
Soybeans (Nov '18) 884-6 +8-6
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Re: Somebody is hungry.

Post by birdlite » Fri Jul 27, 2018 11:27 pm

Soy beans in the mid 8's - a 10-year low.

https://www.farmfutures.com/market-news ... ly-27-2018
Friday, July 27, 2018

Soybeans tried to bounce back overnight after grain markets suffered a disappointing finish Thursday when a promising rally fell apart by the close. Soybean exports were a bright spot, with buyers from around the world -- other than China -- more than happy to buy cheap protein from the U.S.

Soybean Outlook- In early July before China’s tariffs on soybeans went into effect I wrote that hoping for a rally was akin to drawing to an inside straight or pulling a rabbit out of a hat. Indeed, the aftermath of the first weeks of the trade war shows beans’ hand a bust, with no magic to stop the steady drop in prices.

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Re: Somebody is hungry.

Post by twodogs » Sat Jul 28, 2018 12:35 pm

Soybeans saw 19.8 million bushels in old crop sales, plus another 35.4 million bushels in new crop sales, for a total of 55.2 million bushels. That was well ahead of the prior week’s total of 31.8 million bushels and trade estimates of 23.9 million bushels. With a little more than a month in the 2017/18 marketing year remaining, exports continue to push past the weekly rate needed to reach USDA forecasts – now exceeding that mark by a weekly rate of 8.8 million bushels.
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Re: Somebody is hungry.

Post by twodogs » Mon Jul 30, 2018 12:56 am

Looks like some of you were spot on, this trade war is bad. Look at what it is doing to China.

China’s vast soybean crushing industry - the world’s largest - is paying a heavy price for the trade war.

Crushers there have seen losses deepen since Beijing threatened in April to impose the extra tariffs on U.S. soybeans. They are currently losing 171 yuan ($25.15) for every tonne of soybeans they crush, equivalent to 4.2 million yuan a day.

Last week, a Rizhao-based soybean crusher and importer, Shandong Sunrise Group, filed for bankruptcy.

That has been a bonanza for U.S. crushers. With domestic soybean prices at their lowest in a decade, margins measured by the Chicago Board of Trade reached $2.20 per bushel on July 12, the second-highest on record. “It’s been historic. We’ve made a killing on it,” said a U.S. soy products trader at a publicly listed company.

Adding to those gains, a drought in Argentina, the top exporter of soymeal and soyoil, cut the soy harvest there, pushing more hog and poultry producers in Asia and Europe to buy high-protein soy animal feed from the United States.

People have to eat.
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Re: Somebody is hungry.

Post by twodogs » Mon Jul 30, 2018 2:24 pm

It is true, tariffs are simply a tax on consumers. Just look at what is happening in China.

Grain and oilseed markets are adding to last week’s gains. Short covering has to be one of When Will China Buy? The key reasons for the rally as news on trade relations were limited over the weekend. News wires are reporting shutdown of some soybean processing plants in China due to soybean supplies. China is paying $47-$57 premium for S American beans vs. US beans and slowed its soy buying pace appreciable last week (2 cargoes). Could be a sign China will have to buy from US even with a tariff increase.
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Re: Somebody is hungry.

Post by birdlite » Mon Jul 30, 2018 5:09 pm

Tyson shares dive 7% after the company cuts profit outlook because of tariffs

The international food company now expects adjusted earnings for fiscal year 2018 at approximately $5.70 to $6.00, down from a range of $6.55 to $6.70."Changing global trade policies here and abroad, and the uncertainty of any resolution, have created a challenging market environment," said Tom Hayes, Tyson Foods president and chief executive officer.
https://www.cnbc.com/2018/07/30/tyson-s ... tlook.html
The share prices of several food companies, such as Kraft, Hormel, Pilgrim's Pride and Tyson Foods, have fallen recently as trade partners impose tariffs on U.S. goods in retaliation for the Trump administration's moves to increase tariffs on a litany of products, analysts said.

In the past few days multiple investment firms have lowered their stakes in Tyson Foods Inc., according to various analytics companies that watch market activity.

Ken Shea, a senior food and beverage analyst at Bloomberg Intelligence, said the international trade climate is likely to blame.

"A lot of the meat producers are doing particularly poorly, probably as a result of the trade uncertainties, which include the soybean prices which would lower meat costs. It's that kind of thought," Shea said. "A lot of these stocks have done well prior."
http://m.arkansasonline.com/news/2018/j ... -food-fir/


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Re: Somebody is hungry.

Post by twodogs » Mon Jul 30, 2018 5:28 pm

Yes lower food prices in the US are but one of the many pluses created by the tariffs but I do not expect it to last very long. There are just too many people in the world.

I am more excited about the positive long term effects this will have on the environment.
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Re: Somebody is hungry.

Post by twodogs » Tue Jul 31, 2018 3:18 am

July 26, 2018 - United States grain exports via the St. Lawrence Seaway are up 32.1 percent this season compared to 2017.

"This was underlined by a new study released last week showing Great Lakes-St. Lawrence shipping supports 147,500 jobs and U.S.$25.6 billion in economic activity in United States.”

The Port of Toledo’s grain terminals are having a busy spring and early summer shipping corn, soybeans, oats and distiller’s dry grains. grains made a big jump in June, up 85.5 percent.
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Re: Somebody is hungry.

Post by twodogs » Thu Aug 02, 2018 3:45 pm

The Middle East and North Africa is a 10 million metric ton (394 million bushel) market for U.S. grains in all forms. From the perspective of the U.S. producer, it’s an important area of the world that encompasses 17 countries importing grains products valued at more than $1.8 billion.”

“Regional imports have been growing over the past five years from 2.5 MMT (98 million bushels) in marketing year 2013-2014 to 8 MMT (315 million bushels) in marketing year 2016-2017. We are expecting to reach 10 MMT (394 million bushels) of grains in all forms to the region this year,” Taieb said. “The U.S. Grains Council has focused on being flexible and responsive to the shifting market opportunities as they arise in the region.”

In addition to other sales in the region, speakers shared that U.S. corn sales to Saudi Arabia totaled $383 million in the 2016-2017 marketing year, a 150 percent growth over the previous marketing year.

The U.S. is the world’s largest producer, consumer and exporter of fuel ethanol and is the most cost-competitive ethanol supplier due to large-scale production, industry innovation and access to competitively-priced feedstock.

“No other grain-in-all-forms category comes close as a driver of growing corn demand,” Dwyer told the delegates about ethanol exports. “U.S. exports of grains in all forms could rise to a record 138 MMT by 2022.”

It looks like China's loss is the Middle Easts gain.
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Re: Somebody is hungry.

Post by twodogs » Fri Aug 03, 2018 2:50 pm

SYDNEY, Aug 3 (Reuters) - U.S. wheat futures rose on Friday
to hold near a three-year high touched in the previous session
as fears that adverse weather will crimp global production
pushed the grain towards weekly gains more than 6 percent.

FUNDAMENTALS
* The most active wheat futures on the Chicago Board Of
Trade are up more than 6.5 percent this week, the biggest
weekly rally since early March.

* Wheat hit a high of $5.93 a bushel on Thursday, the
highest since July 2015.

* The most active soybean futures are up more than 1
percent for the week, the third straight weekly gain.

* The most active corn futures are up more than 1.5
percent
for the week, also the third straight weekly rally.

* Corn export sales came in at 1.278 million tonnes, near
the high end of forecasts for 700,000 tonnes to 1.4 million
tonnes.
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Re: Somebody is hungry.

Post by polardude1 » Fri Aug 03, 2018 2:55 pm

Does Trump control the weather?
touched in the previous session
as fears that adverse weather will crimp global production
pushed the grain toward
DCComic "3000 dead Americans is slightly less than fuck all",

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Re: Somebody is hungry.

Post by twodogs » Fri Aug 03, 2018 3:12 pm

polardude1 wrote:
Fri Aug 03, 2018 2:55 pm
Does Trump control the weather?
No.
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Re: Somebody is hungry.

Post by Godjira » Fri Aug 03, 2018 3:18 pm

Come on. You believe he does.
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Re: Somebody is hungry.

Post by twodogs » Fri Aug 03, 2018 3:36 pm

Godjira wrote:
Fri Aug 03, 2018 3:18 pm
Come on. You believe he does.
Of course not, President Trump cut taxes, regulations and imposed tariffs on countries that have unfair trade practices. The US got lucky with the weather. I am just happy the US can produce enough so the world doesn't have to go hungry.

BTW I just picked up 15lbs of rice for less than $12.00. How much is it in the land of the rising food costs?

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Re: Somebody is hungry.

Post by twodogs » Sat Aug 04, 2018 11:58 am

More great news from the US farming industry.

CHICAGO — Boosted by strong results across several of its major operating segments, second-quarter earnings surged at Archer Daniels Midland Co.

ADM net income in the period ended June 30 was $566 million, equal to $1 per share on the common stock, up 105% from $276 million, or 48c per share, in the second quarter of 2017. Net sales were $17,068 million, up 14% from $14,943 million. Adjusted for special items in the prior year period, 2018 second-quarter earnings were up 79%

“Our team executed exceptionally well to deliver outstanding results in the second quarter,” said Juan R. Luciano, chairman, president and chief executive officer. “We continue to accelerate the execution of our strategic plan — optimizing our core, driving efficiencies, and expanding strategically — generating more than $150 million in run-rate savings, announcing three acquisitions in Nutrition, and closing on two new joint ventures overseas. Our actions, combined with robust global demand, position us to navigate today’s dynamic business environment and deliver strong results in the second half of 2018, and put us on a trajectory for continued future growth in earnings, returns and shareholder value.”

On a percentage basis, ADM’s Origination segment enjoyed the widest gain in profits. Second-quarter operating profits were $189 million, up 232% from $57 million in the second quarter of 2017. Sales were $6,606 million, up 24%.
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Re: Somebody is hungry.

Post by twodogs » Sun Aug 05, 2018 3:59 pm

The decline in European grain production this year could be the silver lining for the U.S. farmers after all. The fall in Russian wheat export could see the revival of U.S. exports, which fell from 93.9 million tonnes in 2016-17 to 79.5 million tonnes in 2017-18. But with Europe struggling in the heat, facing a production deficit and mulling at an early opening of its winter rations, the onus is on the U.S. farmers to cash in.

The heavy rains and extended droughts in Europe have not just decimated farms, but has also reduced the overall quality of grains. For instance, malting barley, the premium quality barley used in beer breweries has seen a 60% rise in price over the last three months to stand at $270 per tonne. Farmers are seeing grain screenings go beyond the usual limit, to record double-digit figures. Screening is the process of filtering out grain produce to remove by-products like husk, hull, and damaged seeds to maintain quality standards.
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Re: Somebody is hungry.

Post by twodogs » Mon Aug 06, 2018 2:25 pm

Wheat futures are trading 2 to 4 cents higher this morning as drought conditions in eastern Australia continue to reduce production prospects. MPLS was up 2 to 3 cents. Nearby MPLS saw 3.42% gains on the week, with CBT up 4.85% and KC 6.53% higher.

Corn futures are trading fractionally higher to start the week. They closed 2 1/2 to 3 1/2 cents higher on Friday, with nearby September up 2.14% on the week. US total export commitments are now 5.3% larger than this time last year. Census data shows June US corn exports totaled 7.12 MMT, 44% larger than last year and a record for that month.

Soybean futures posted 3 to 5 1/2 cent gains in the front months on Friday, with Sep up 1.81% for the week. There were 760 delivery notices against August futures overnight. Official US Soybean exports in June were a record 3.26 MMT per Census, and 81% larger than last year.
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Re: Somebody is hungry.

Post by twodogs » Tue Aug 07, 2018 2:32 pm

EU members picked up over half of the 893,109 mt of US soybeans inspected for exports during the week up to August 2, beating analysts' expectations.

European imports of American soybeans spiked 283% in the last year, and the United States' share of total EU soybean imports reached 37% last month, compared to just 9% in July 2017, per a new report from the European Commission.

Bad weather in Europe, thankfully the US crop is doing well.
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Re: Somebody is hungry.

Post by twodogs » Tue Aug 07, 2018 2:39 pm

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 to import 15 million tonnes of U.S. soybeans in October 2018/March 2019, even if the current trade war is not resolved.

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.

There is a risk that China will have to cut back its livestock production, implying higher prices on the domestic market, it said.

China is also likely to raise imports of processed soymeal as an alternative to soybeans for crushing, it said. Ironically this could mean China could still end up with U.S. soybeans that have been processed in Argentina.
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Re: Somebody is hungry.

Post by twodogs » Wed Aug 08, 2018 3:55 pm

Wed Aug 8, 7:18AM CDT
Soybean futures are trading 2 to 3 cents higher this morning. They ended the Turnaround Tuesday session with most front months 12 to 12 1/2 cents higher. Nearby soy meal was up $2.70/ton, with soy oil 30 points higher.
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Re: Somebody is hungry.

Post by birdlite » Wed Aug 08, 2018 4:50 pm

"We will start to see more business being done” between the U.S. and China, said Mark Schultz, chief market analyst for Northstar Commodity in Minneapolis. “It may never get to levels we enjoyed, but it’s going to be better than none.”
https://www.bloomberg.com/news/articles ... here-s-why

"Better than none."
What a great measurement.
What a great goal.

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twodogs
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Re: Somebody is hungry.

Post by twodogs » Wed Aug 08, 2018 5:25 pm

Better to have multiple customers than be dependent on one.

All food exporter gain from these tariffs, all food importers lose because of them.

The US is food exporter.
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twodogs
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Re: Somebody is hungry.

Post by twodogs » Thu Aug 09, 2018 2:44 pm

Soybean Prices Jump 1.5%
Soybean prices popped in the wake of Monday’s crop progress report and suggestions that China may need to return to the U.S. markets for the commodity in the next few weeks. Analysts at Oil World stated that an ongoing shortage of beans from South America makes the U.S. the likely source of origin for about 15 MMT from October 2018 to March 2019.
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twodogs
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Re: Somebody is hungry.

Post by twodogs » Sat Aug 11, 2018 2:49 pm

U.S. exports of grain in all forms are on track to set a new record in 2017/2018, with two months of sales left to report, according to data from the U.S. Department of Agriculture and analysis by the U.S. Grains Council.

During the first ten months of the marketing year, September 2017 to June 2018, the United States exported 98.3 million metric tons, or 38.7 billion bushels, of grain in all forms, up two percent year-over-year from last year’s record-setting pace.

Mike Dwyer, Grains Council chief economist, predicts grains in all forms exports could top 116 million metric tons, or 4.57 billion bushels, by the end of the marketing year. USGC says that achievement would come “despite a tumultuous trade environment, serving as a reminder of the resiliency” of U.S. exports and of the quality and price competitiveness of U.S. coarse grains and co-products.
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twodogs
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Re: Somebody is hungry.

Post by twodogs » Mon Aug 13, 2018 2:14 pm

And corn makes a great renewable energy source as well.

Nebraska is the nation’s second-leading ethanol producer. According to USGC, U.S. ethanol exports accounted for the lion’s share of the overall increase of GIAF exports in June, pushing exports up nearly 22 percent year-over-year to 1.36 billion gallons (12.2 mmt, or 480 million bushels in grain equivalent), continuing a surprisingly strong pace of exports. As a result, the council now believes ethanol exports could reach 1.6 billion gallons (14.4 mmt or 568 million bushels in grain equivalent), setting another new record.

Large customers, including Brazil and India, have continued to increase ethanol purchases. But other important trading partners like South Korea and Colombia have also realized large increases — up 41 percent and 194 percent year-over-year, respectively, USGC said.

“The overall growth in ethanol exports showcases the increased focus of ethanol within the council’s programming and the importance of exports of value-added products,” Dwyer said.
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twodogs
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Re: Somebody is hungry.

Post by twodogs » Tue Aug 14, 2018 2:45 pm

Washington, D.C.– Government data released today show that U.S. ethanol exports through June stood at 927.7 million gallons (mg), up 33 percent from the first half of 2017 and on pace to shatter last year’s record of 1.38 billion gallons (bg).

At the halfway point for 2018, Brazil had been the leading market for U.S. ethanol exports, receiving 345.9 mg—or about 37 percent of total shipments. Exports to Brazil in the first half of 2018 were up 28 percent over the same period in 2017.

Canada has been the second-leading export market, with 159.5 mg of U.S. ethanol flowing north of the border in the first six months of the year. That’s up 8 percent from the same period a year ago.

“Booming exports have played a crucial role in balancing the supply-demand equation for U.S. ethanol,” said Geoff Cooper, the RFA’s executive vice president. "we are encouraged that foreign buyers are increasingly recognizing the tremendous value of U.S. ethanol as the lowest-cost and cleanest source of octane available on the world market.”

And it is renewable.
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Re: Somebody is hungry.

Post by twodogs » Thu Aug 16, 2018 2:29 pm

U.S. exports of grain in all forms (GIAF) are on track to set a new record in 2017/2018, with two months of sales left to report, according to data from the U.S. Department of Agriculture (USDA) and analysis by the U.S. Grains Council (USGC).

During the first 10 months of the marketing year (September 2017 to June 2018), the United States exported 98.3 million metric tons (38.7 billion bushels) of grain in all forms, up 2 percent year-over-year from last year’s record-setting pace.
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twodogs
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Re: Somebody is hungry.

Post by twodogs » Sat Aug 18, 2018 3:15 pm

On Sina Weibo, China’s equivalent to Twitter, some Chinese netizens were upset that the public has to foot the bill for the prolonged trade war.

The drop in agricultural production and the tariffs levied on U.S. imports have resulted in higher prices on consumer goods in China. Though official statistics show that there was a 2.1 percent increase in consumer price index (CPI) in July compared to the same month a year ago, the actual increase may be much greater.

Ms. Wu, a resident of Hubei Province, said in an interview with Radio Free Asia (RFA) that local pork prices have increased 25 percent.
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eric84
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Re: Somebody is hungry.

Post by eric84 » Sat Aug 18, 2018 3:42 pm

Love is better than anger. Hope is better than fear. Optimism is better than despair.

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twodogs
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Re: Somebody is hungry.

Post by twodogs » Sat Aug 18, 2018 4:05 pm

Samuelson’s 56-year-old son, Eric, sat at the other end of a table looking askance at his father. “Yeah, it’s gonna hurt us for a while, but those beans gotta go somewhere,” he said, before turning to his feelings about Trump.

“I don’t like his persona necessarily, but he’s getting things done. The economy is going well, industry is growing, stock market is good,” Eric said.
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