- Thread starter rrman61
- Start date
Adirondack case guy
Well-known Member
Tune into the RURAL EVENING NEWS on RFDV and they will give you all the trading news about each and every commodity, including beef and pork. No hype and BS there, just facts.
Loren
Loren
I heard that China was buying more beans two weeks ago. I drive by the coop price board four times a day. Beans were running 8.20 something range before I heard about it and beans since have been in the 8:50 something since. I didn't look today on my trip after hay. I agree that RFD TV is the no BS place to get your farm information.
Adirondack case guy
Well-known Member
Also at noon you can tune into the MARKET DAY REPORT for daily trading prices on several exchanges.
Loren
Loren
casecollectorsc
Well-known Member
- Location
- E central SD.
E SD here and beans are the same as they have been all month...8.07.
Adirondack case guy
Well-known Member
That ain't bad!! SV Cummins would enjoy her news reports.
Loren
Loren
The Boss Hog met with the vice pres of China today. The guy form China said they will buy 5 million tons soybeans per day starting with the end of Chinese New Year. They did not say when Chinese New Year is, maybe someone on here knows..US trade reps are heading to China next first of week to work out the details. Our vice Pres , ag secretary & trade rep lighthizer were at this meeting today. This development would not reflect in market prices until Friday. This is very badly needed for soybean markets, if the details work out. We have about 955 million bu soys in storage and surplus in our country now.
Elton Fancher
Member
Does this mean we are now happy that China is going to buy beans after this trade row that they were going to buy anyhow, and they have not given in to DJT about much of anything else? I don't see a win here, other than for farmers that got soybean bailout money.
China typically buys 30 of beans from us in a year.
They announced they are going to buy 5 which brings their total up near 10 now.
There was a snafu where someone thought they announced buying 5 per day.... which got everyone excited! It was, they are buying 5 today.
It won?t get rid of the oversupply of beans the whole world has, but it helps. We sold some extra to other countries, even Argentina, so we are moving a few beans.
Paul
They announced they are going to buy 5 which brings their total up near 10 now.
There was a snafu where someone thought they announced buying 5 per day.... which got everyone excited! It was, they are buying 5 today.
It won?t get rid of the oversupply of beans the whole world has, but it helps. We sold some extra to other countries, even Argentina, so we are moving a few beans.
Paul
I don?t see a win there. Training your customers to buy elsewhere doesn?t generally work out well. China even paid a premium to buy elsewhere. They aren?t as market oriented as we are, the government there says don?t buy us beans, they don?t ignore the government, it has the final say in every decision.
John Deere D
Well-known Member
Canada caught in the middle of US-China spat over Huawei executive.......
The USA has asked Canada to detain a CHINES executive and start proceedings to extradite her to the USA.
This HUAWEI executive's Father is said to have 5 billion $$$$ backing from his giant tech,Company.
It shall be interesting on the topic of TRADE as to what appears when this lady is extradited to the USA.
Check it out on the internet:
Canada caught in the middle of US-China spat over Huawei executive
The USA has asked Canada to detain a CHINES executive and start proceedings to extradite her to the USA.
This HUAWEI executive's Father is said to have 5 billion $$$$ backing from his giant tech,Company.
It shall be interesting on the topic of TRADE as to what appears when this lady is extradited to the USA.
Check it out on the internet:
Canada caught in the middle of US-China spat over Huawei executive
Traditional Farmer
Well-known Member
- Location
- Virginia
US Soybean Farmers and Communist Chinese partnership.Who'd of ever thunk it?
Traditional Farmer
Well-known Member
- Location
- Virginia
Feeding your economic and increasingly military enemy is more than a partnership borders on Treason.And the real kicker is US Taxpayers are subsidizing the whole deal so China can
feed its factory slave labor and military all just to benefit a few gain growers and brokers in the USA.People go to jail for dealing with our enemy Iran and China is a bigger threat to the
USA than Iran.
feed its factory slave labor and military all just to benefit a few gain growers and brokers in the USA.People go to jail for dealing with our enemy Iran and China is a bigger threat to the
USA than Iran.
Crazy Horse
Well-known Member
Am I reading some of the replies to this post saying it is bad to sell beans to China and at the same time bad to purchase Chinese products?
Paul is correct , there was a mistake in translation of Chinese to English and what was said yesterday in trade talks. US folks thought they said 5 m tons "per day" and what was really said was 5 m tons "today". In the past China has bought about 250 m beans per year usually in the fall months.They continued those purchases in 2018 except all purchases were all made with South America not US. As far as I know US farmers did not ask for bean subsidy's, it was just put out there by higher ups. As far as benefits to a few growers, There are 2.3 million US farmers and many would be soybean growers. That is not a few people. Have never heard of any slave labor in China. Anyway beans went up 0.13 on the news however small it was. If you go to W Mart you will see thousands of people buying Chinese stuff daily.
Nope, fake news.
As someone in business, it is really a bad idea to train your customers to find a different vendor. I have a good friend that is with one of the major grain companies, he has told me that the beans we are selling to south America are being marked up and re-sold to China to supplement what they produce. Americans will never win this battle, as we are not "really" willing to sacrifice everything, as the oriental cultures will.
We need a leader that has not bankrupted his businesses.
As someone in business, it is really a bad idea to train your customers to find a different vendor. I have a good friend that is with one of the major grain companies, he has told me that the beans we are selling to south America are being marked up and re-sold to China to supplement what they produce. Americans will never win this battle, as we are not "really" willing to sacrifice everything, as the oriental cultures will.
We need a leader that has not bankrupted his businesses.
John Deere D
Well-known Member
If anyone thinks that any TRADE with CHINA will not also include the out come of Ms. Meng Wanzhou then those individuals need to do their home reading:
Ms. Meng Wanzhou Accused Huawei executive:
Ms. Meng Wanzhou Fathers personal worth is estimated at 5 billion $$$$
Ms. Meng Wanzhous Father is a high Communist ranked member:
Huawei Tech giant is worth billions and billions of $$$$$$$$ with high Tech communications sold to dozens and dozens of countries.
Aug. 22: A New York court issues a warrant for the arrest of Huawei Technologies chief financial officer Meng Wanzhou.
Dec. 1: Canadian authorities arrest Meng at Vancouver's airport while she is en route from Hong Kong to Mexico, after an extradition request from the Americans.
In Vancouver, Meng appears in court, where allegations of fraud are laid out. The U.S. alleges Meng misled American banks in a bid to get around American sanctions on Iran.
Dec. 9: China summons the American ambassador to China to lodge similar complaints about Meng's case and demand the U.S. rescind the order for her arrest.
Dec. 10: Chinese authorities arrest two Canadian men. Michael Kovrig, who was on leave from Global Affairs Canada, and entrepreneur Michael Spavor. Kovrig's arrest becomes public on Dec. 11. Spavor's becomes public on Dec. 12.
The day ends with U.S. President Donald nnalert telling Reuters in an interview that he would ?certainly intervene? in Meng's case ?if I thought it was necessary? to help forge a trade deal with China.
Accused Huawei executive Meng Wanzhou left court Tuesday night after spending more than a week in custody, but experts say she could remain under strict release conditions for years.
Ms. Meng Wanzhou is under house arrest in CANADA, Ten million $$$$$ bail,with guards around her house,as well as electronic monitoring device attached to her:
The USA had until the last day of January to start a request for her extradition to the USA. This has been done by the USA:
The out come of the above shall effect TRADE.
Ms. Meng Wanzhou Accused Huawei executive:
Ms. Meng Wanzhou Fathers personal worth is estimated at 5 billion $$$$
Ms. Meng Wanzhous Father is a high Communist ranked member:
Huawei Tech giant is worth billions and billions of $$$$$$$$ with high Tech communications sold to dozens and dozens of countries.
Aug. 22: A New York court issues a warrant for the arrest of Huawei Technologies chief financial officer Meng Wanzhou.
Dec. 1: Canadian authorities arrest Meng at Vancouver's airport while she is en route from Hong Kong to Mexico, after an extradition request from the Americans.
In Vancouver, Meng appears in court, where allegations of fraud are laid out. The U.S. alleges Meng misled American banks in a bid to get around American sanctions on Iran.
Dec. 9: China summons the American ambassador to China to lodge similar complaints about Meng's case and demand the U.S. rescind the order for her arrest.
Dec. 10: Chinese authorities arrest two Canadian men. Michael Kovrig, who was on leave from Global Affairs Canada, and entrepreneur Michael Spavor. Kovrig's arrest becomes public on Dec. 11. Spavor's becomes public on Dec. 12.
The day ends with U.S. President Donald nnalert telling Reuters in an interview that he would ?certainly intervene? in Meng's case ?if I thought it was necessary? to help forge a trade deal with China.
Accused Huawei executive Meng Wanzhou left court Tuesday night after spending more than a week in custody, but experts say she could remain under strict release conditions for years.
Ms. Meng Wanzhou is under house arrest in CANADA, Ten million $$$$$ bail,with guards around her house,as well as electronic monitoring device attached to her:
The USA had until the last day of January to start a request for her extradition to the USA. This has been done by the USA:
The out come of the above shall effect TRADE.
John Deere D
Well-known Member
If anyone thinks that any TRADE with CHINA will not also include the out come of Ms. Meng Wanzhou then those individuals need to do their home reading:
China has started to play HARD BALL:
Two Canadians (Males) have been placed under house arrest indefinitely:
Third Canadian who was sentenced to 15 years was removed from Prison and re-sentenced to DEATH...(given crime, possibly death penalty is appropriate,smuggling Drugs)
Canadian women arrested,was now released and sent back to Canada:
Trading with a communist Giant ????????????
China has started to play HARD BALL:
Two Canadians (Males) have been placed under house arrest indefinitely:
Third Canadian who was sentenced to 15 years was removed from Prison and re-sentenced to DEATH...(given crime, possibly death penalty is appropriate,smuggling Drugs)
Canadian women arrested,was now released and sent back to Canada:
Trading with a communist Giant ????????????
Traditional Farmer
Well-known Member
- Location
- Virginia
Dealing with China on any level is not only bad but stupid in my opinion.What has it gotten the USA? A bunch of cheap made consumer products and a huge trade deficit financed by going
deeper in debt every year.Worse is its fueling the long term goals of China which is to make themselves the #1 financial and military power in the World.Chinese are long term thinkers and are patient and are willing to subject their citizens to hardships to achieve their goals.So why in the World are we helping them?
deeper in debt every year.Worse is its fueling the long term goals of China which is to make themselves the #1 financial and military power in the World.Chinese are long term thinkers and are patient and are willing to subject their citizens to hardships to achieve their goals.So why in the World are we helping them?
Traditional Farmer
Well-known Member
- Location
- Virginia
It'd be more of a Victory for the Taxpayers of the USA if the amount we sold them was Zero.
rockyridgefarm
Well-known Member
Because they make cheap stuff that I can buy from Walmart oriellies harbor freight, etc!!! How can I have my useless trinkets and shoddy clothes if I can’t go to Walmart???
We ship out cotton on containers, ship junky shirts back, and smile while we buy them. We ship out scrap tractors in containers, bring junky tools back, and brag about how good a deal we got on a chain on here. Then we all wail about the loss of American manufacturing. I am the problem, YOU are the problem. WE ALL are the problem.
Crazy Horse
Well-known Member
Well TF, I guess the answer to your last question is the first seven words in your third sentence. It is human nature to spend less on a product that is pretty close in quality to something made here. So Harbor Freight (and Princess Auto up here) benefit from human nature, that makes sense. The Chinese can (and do) make products that are the equivalent (or even better) of those made anywhere else BUT (and this is the killer) you have to pay for it which is painful.
Not really, when farmers prosper, the rural economy gets a boost. More heavy hauling trucks are sold ,more pickups are sold, more tractors are sold, more new farm implements like combines are sold,more steel workers are employed to make steel farm implements giving workers jobs, more ag technology like precision planting is sold, more tractor factories need people to make them so more rural jobs are filled, less rural unemployment, farmers pay more taxes when they make profits, more optional farm practices like cover crops & terraces are put into use so more land conservation is applied, better quality of rural life when farmers are making money.And this spills over to a better general economy.
Traditional Farmer
Well-known Member
- Location
- Virginia
Cut out Federal Crop insurance for the amount that wasn't sold in 2018 and it'd be a big winner.
Traditional Farmer
Well-known Member
- Location
- Virginia
How about the Chinese using US grain to fuel their factories to make cheap goods to bankrupt US Businesses? And a lot of US Ag employment is low dollar wages and hiring illegals.
Rather than pay low dollar rural wages for actual work many will not do lets have as many rural folks & illegals as possible go on unemployment at a increased cost to US taxpayers ,then we can pay them both , to do doing nothing except stay at home, play video games and watch their TV's all day. We can also qualify them for food stamps that way and make those additional payments to them. That sounds like that would help our rural economy, get our unemployment stats higher, and especially the general economy . Shift more tax costs onto the middle class to support even more unemployed folks & illegals.
I?m not a big fan of the current trends in Ag subsidies. The rarely used ?counter cyclical? program they had for a few years is probably one of the few that made some sense, it kicked in if things got bad for a time and would level off a bad cliff effect. The insurance subsidy is there to help bankers and insurance companies, farmers are just along for the ride.
But anyhow, I disagree with an earlier point. We should be exporting more stuff to China, not less, if all things were fair. I don?t understand cutting bean exports to zero. We want to be exporting more stuff to them than what they export to us.
I don?t understand your message or goal or point there at all with the zero bean exports to them.
China is a problem for sure. We in the USA have decided we can?t manufature common items. We have put our eggs in the ?intilledtual basket? and think we will stay rich by holding patents. I?m not sure that was wise, but I wasn?t consulted.
Now we need to find a way to make that work. A downside is the working class has to turn into a service industry, that can be a difficult transformation. Another problem is China, when they don?t honor the patent rights. But we sailed our ship, we can?t just stop interacting with China either, we need to find a working agreement. We are where we are.
I?m a simple dirt farmer, so I sure don?t know all that much on it.
I?m puzzled why you would want zero soybean exports to China, that would seem to make any thing at all worse, not better.
Paul
Paul
But anyhow, I disagree with an earlier point. We should be exporting more stuff to China, not less, if all things were fair. I don?t understand cutting bean exports to zero. We want to be exporting more stuff to them than what they export to us.
I don?t understand your message or goal or point there at all with the zero bean exports to them.
China is a problem for sure. We in the USA have decided we can?t manufature common items. We have put our eggs in the ?intilledtual basket? and think we will stay rich by holding patents. I?m not sure that was wise, but I wasn?t consulted.
Now we need to find a way to make that work. A downside is the working class has to turn into a service industry, that can be a difficult transformation. Another problem is China, when they don?t honor the patent rights. But we sailed our ship, we can?t just stop interacting with China either, we need to find a working agreement. We are where we are.I?m a simple dirt farmer, so I sure don?t know all that much on it.
I?m puzzled why you would want zero soybean exports to China, that would seem to make any thing at all worse, not better.
Paul
Paul
Traditional Farmer
Well-known Member
- Location
- Virginia
I got a novel idea do what everyone else does move to a place that has a decent economy and jobs,help wanted signs up at about every business in the area.Fish Filet is paying $12 hr.
Can't sit around and expect everything to be handed to you if you want to get anywhere.
Can't sit around and expect everything to be handed to you if you want to get anywhere.
Traditional Farmer
Well-known Member
- Location
- Virginia
You don't feed your enemy.Anyone selling food to the Germans in WWII would have been strung up at the nearest tree and China is just as big a threat to the USA as Germany was then.
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