11-03-2013 01:07 PM - edited 11-03-2013 01:08 PM
-- for world to secure soybean supplies/stockpiles (China).
can any of the older-timers remember last time export pace was close to as brisk as this yr (almost 50% above 5 yr avg)?
11-04-2013 07:12 AM
The elevators around these parts are and have shipped soybeans out, making room for corn. They usually keep quite a few bins of beans, but not so this year. Not sure who is taking all the beans, but there aren't many left around here.
11-04-2013 09:24 AM
There are a couple of ways to look at this..... the way the farmer might miss- Today the soybean market is much different than 5 years ago. Then you could ship soybean to the world for 12 months. Today the South American crop is go big that the USA has six months to ship beans before the next harvest down south and exports almost stop. In effect you have a half year to do what you used to spread out.
That is some of the answer on why bean sales are so front loaded.
11-04-2013 09:38 AM
True but this is extreme. We are setting records at harvest , without supply carry in to support it.
But a great point. And china has investment in the SA crop and it is often cheaper.
I think the pent up demand from last summer coupled with a cheaper price than last summer has a fire built under both domestic users and export customers here while the gettins good. Both will cool as price kicks in SA crop gets closer.
Sooner or later the market will contrary the report.