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$5 Soybeans Without A Trade Deal?
Some market gurus see $5 soybeans without a trade deal with China. The panelists at this meeting in Chicago were asked about what the price could be with a deal and they opted to talk about stocks-to-use ratio.
Full story: Marketwatchers Play Out Trade Deal vs. No Deal
What say you?
Thanks,
Mike
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Re: $5 Soybeans Without A Trade Deal?
Most Interesting - moving towards putting M F P on steroids - ?
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Re: $5 Soybeans Without A Trade Deal?
So, how is the trade war going for the rest of you? From my point of view it looks a lot like all wars. Just a bunch of us little guys getting killed or wounded.
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Re: $5 Soybeans Without A Trade Deal?
Must be talking old crop beans. The new loan rate for beans is $6.20/bu. for the 2019 crop.
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Re: $5 Soybeans Without A Trade Deal?
if soybeans are $5 then corn will be $2 and wheat will be under $3. and farming as we know it will cease to exist. In my area urea jumped $40/ton and rumor has it another $50 soon. Sad thing is there is no limit with no fair trade commission. We expect the chinese to play fair but multinational corps can screw anyone they want. This is a result of all the mergers of the recent past that left us with little competition.
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Re: $5 Soybeans Without A Trade Deal?
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Re: $5 Soybeans Without A Trade Deal?
IMO and of course I can be wrong, I think we should have a price support/set-a-side program again, if we want the medium size farmer to survive...and even a few of the large ones. To appease our city brothers & sisters we`d need to make some concessions on water/air quality and some payment limitations, because a Edina housewife isn`t going to support a program that enables operations that have a fleet of combines, each one worth more than her house.
If you`re a "sensible sized farm" (my definition ) you`d be guaranteed $10/bushel cash for your bean at your nearest market in exchange for setting a side 10% of your bean ground and maybe a token environmental practice and similar price supports for corn and beans.
Now "I know" a few things, the livestock/poultry industries like cheap feed, I remember the silly signs Sparboe put in HyVee when corn was $8 how they had to raise the price of eggs because of "$8 corn and ethanol". However, if we have "$2 corn & $5 beans" the CAFO vertically integrated livestock industry better enjoy their "cheap feed" because it`ll only last 2 years and then when enough farmers are broke, grain prices will jump over the Moon. for as far as the eye can see.
I also "know" farmers "want the government out of farming" ...yeah, that`s a nice little dream, but as you can see the government IS has and always will be involved in farming. It`s just do you want "a few of the carrots or do you only want to be beaten with the stick"?
Anyway, just my morning`s thoughts Have a beautiful day everyone, it`s looking great!
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Re: $5 Soybeans Without A Trade Deal?
We will have a beautiful day BA...as our "planting window" was slammed shut
last night with 1" of rain and 48 degrees this morning...in C-IN, not MN for
goodness sakes. More rain on sunday so our window will be well past
optimal planting dates, but hey, a 180 nat yield is in the bag.
So, is Pres Trump, more like Carter, Hoover, or King George...thinking
King George so far? :-)
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Re: $5 Soybeans Without A Trade Deal?
B A - I'm thinking , maybe, a lot more of the world will be fed with half priced beans, or is the world on an International Diet Plan - ?
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