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Looks like a bad year for soybean farmers #14989775 06/22/20
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Bristoe Offline OP
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The good news is, the government is going to bail the soybean farmers out.

https://www.zerohedge.com/commoditi...armers-disappointed-china-goes-elsewhere

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Re: Looks like a bad year for soybean farmers [Re: Bristoe] #14989870 06/22/20
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China has been known for throwing head fakes. Before making such announcements they’ll short the market and when prices do drop they buy at lower prices using money made on the short sales.

This may or may not be the case here.


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Re: Looks like a bad year for soybean farmers [Re: Bristoe] #14989874 06/22/20
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Lots of fields around here that have been planted in beans for years are corn this year.

Re: Looks like a bad year for soybean farmers [Re: RemModel8] #14989885 06/22/20
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Originally Posted by RemModel8
Lots of fields around here that have been planted in beans for years are corn this year.


Lots of both around here and mucho sugar cane.

Typically the corn and beans once harvested are followed by winter wheat.


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Re: Looks like a bad year for soybean farmers [Re: Bristoe] #14989888 06/22/20
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I haven't seen a field planted in corn in a 10 mile radius in probably 5 years. Now 90% of them are corn, the remainder beans.

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Re: Looks like a bad year for soybean farmers [Re: Bristoe] #14989890 06/22/20
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Why isn’t this agricultural Socialism if the Government bails them out?

Re: Looks like a bad year for soybean farmers [Re: Bristoe] #14989891 06/22/20
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Originally Posted by Bristoe
The good news is, the government is going to bail the soybean farmers out.

https://www.zerohedge.com/commoditi...armers-disappointed-china-goes-elsewhere

Do you grow soy?

Re: Looks like a bad year for soybean farmers [Re: Bristoe] #14989895 06/22/20
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The guy who owns the farm that adjoins my place has been alternating between soybeans and corn every year since I've been here. Corn was last year. He's planted beans this year.

Re: Looks like a bad year for soybean farmers [Re: Bristoe] #14989900 06/22/20
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China has NEVER been known to go back on their word, or manipulate the markets. Have they? ... <sarcasm> <eye roll>


"A lie doesn't become truth; wrong doesn't become right; evil doesn't become good, just because it's accepted by the majority." - Rick Warren
Re: Looks like a bad year for soybean farmers [Re: Bristoe] #14989901 06/22/20
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Originally Posted by Bristoe
The guy who owns the farm that adjoins my place has been alternating between soybeans and corn every year since I've been here. Corn was last year. He's planted beans this year.


Beans are good for the soil.


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Re: Looks like a bad year for soybean farmers [Re: Bristoe] #14989906 06/22/20
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The linked article says that China is buying beans from South America.

Who did South America sell their soybeans too before China started buying them? It seems to me that that market would still be available to someone.

Re: Looks like a bad year for soybean farmers [Re: Orion2000] #14989907 06/22/20
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Originally Posted by Orion2000
China has NEVER been known to go back on their word, or manipulate the markets. Have they? ... <sarcasm> <eye roll>


They started in earnest back in the 1990s.

Some would even call them Ruthless Capitalist.


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Re: Looks like a bad year for soybean farmers [Re: Bristoe] #14989910 06/22/20
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Originally Posted by Bristoe
The linked article says that China is buying beans from South America.

Who did South America sell their soybeans too before China started buying them? It seems to me that that market would still be available to someone.


South America rotates their crops like we do.


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Re: Looks like a bad year for soybean farmers [Re: Bristoe] #14989928 06/22/20
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You guys don't want soy near your place and certainly not GMO corn.

You'll get Roundup, also known as liquid cancer blowing downwind and maybe in your ground water.

If you grow either, be ready in case Monsanto tries to steal your land. Just a friendly warning from someone who has taken their classes many moons ago, only to despise that evil company.

Re: Looks like a bad year for soybean farmers [Re: Bristoe] #14989942 06/22/20
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Here's an interview with Jeffrey Smith who is a leading expert on this topic. I

Re: Looks like a bad year for soybean farmers [Re: Bristoe] #14989948 06/22/20
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Can't tell here by looking, we rotate crops - keeps disease and pests down. Have to wait for ag reports.

But I don't get it. There's X demand in the world and Y supply. Beans are fungible.If the Chinese buy from somebody else where do the people who normally buy from somebody else go? Yes, somebody else may put more acres in beans but given demand for other crops that's on the margin, no?

Back in the days of co mmodity support for dairy government would buy cheese and give it away. My big fear is the government will mandate everybody gets free toe-foo. The great toe foo epidemic.Maybe it would substitute for ballistic gelatin in expansion tests.


The key elements in human thinking are not numbers but labels of fuzzy sets. -- L. Zadeh

Which explains a lot.
Re: Looks like a bad year for soybean farmers [Re: Bristoe] #14989959 06/22/20
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Thought I read a year or two ago where South America has increased soybean production by a fair amount.

Isn't that why they are/were burning and clearing a bunch of forest land?


There is an increased supply if I'm not mistaken.

Re: Looks like a bad year for soybean farmers [Re: Happy_Camper] #14989981 06/22/20
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Originally Posted by Happy_Camper
You guys don't want soy near your place and certainly not GMO corn.

You'll get Roundup, also known as liquid cancer blowing downwind and maybe in your ground water.

If you grow either, be ready in case Monsanto tries to steal your land. Just a friendly warning from someone who has taken their classes many moons ago, only to despise that evil company.



Virtually all fields around these parts, except for the organic farms, plant GMO's, use roundup religiously and many have their fields cut in with human manure. Think about that next time you dump some soy sauce on your chow mein or load up your aunt jemimas with maple flavored corn syrup!

Re: Looks like a bad year for soybean farmers [Re: Bristoe] #14989988 06/22/20
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Well I guess they could buy our corn and weat if they go all in on beans. I don't know but as I understand it you can put only so much land into production at a time and there is a need to diversify crops. From an economic planner's point of view you also have to consider what will happen when the political BS stops influencing the marketas it always does. I'm not an economist much less an ag economist but I'm skeptical after hearing worst case and then some predictions since I was a kid.

And as far as Roundup I've heard that all before too with atrazine, 24D and the old favorites. still after banvel I see. So what do you do to keep yield up and the people fed? Dump more NPK into the watershed? Pick your poison I guess.


The key elements in human thinking are not numbers but labels of fuzzy sets. -- L. Zadeh

Which explains a lot.
Re: Looks like a bad year for soybean farmers [Re: Bristoe] #14989999 06/22/20
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I don't think anyone uses manure around here, not economical. Except for the few dairy herds that need to get rid of the pile next to the barn every spring.


The key elements in human thinking are not numbers but labels of fuzzy sets. -- L. Zadeh

Which explains a lot.
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