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Veteran Advisor
Posts: 1,355
Registered: ‎10-18-2016
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China Rattles Sorghum Saber - Soybean Next?

The Chinese are reportedly getting ready to accuse the US of dumping sorghum.  Target apparently is Texas, Kansas and other sorghum producing areas.  There are not very subtle hints that soybeans would be next.

 

The more Brazil and Argentina grow soybeans the more realistic such a threat is.

 

The question is - does this affect your plans to market soybeans or sorghum for this year?  Is it a factor in your marketing or just scare tactics and you'll wait for a weather market and higher prices to sell your soybeans - or maybe you'll wait till they're in the bin?

 

 

Frequent Contributor
Posts: 42
Registered: ‎06-04-2016
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Re: China Rattles Sorghum Saber - Soybean Next?

I'm hoping it will be a small tit-for-tat response to the US tariff on solar panels. they don't buy a lot from us other than ag products, so that;s where they'll strike.

 

Good news is that ag products are more fungible than manufactured goods. We have surpluses now, but if not, China buying all their beans from SA would mean some former SA customers wouldn't be able to get beans there, and would have to source here.  

 

Sometimes a trade war actually raises prices for producers.  If China states (through tariff) they won't buy (as many) US beans, don't you think the SA producers might ask more for the product?

Honored Advisor
Posts: 8,415
Registered: ‎07-18-2011
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Re: China Rattles Sorghum Saber - Soybean Next?

Jim can you explain what that means........ Looks like an investigation we need to happen... I tend to agree with the chinese.

The US is dumping cheap grain onto the world market undercutting the artificially high Chinese market.  I totally agree.  

 

quote from the article....

 

"But preliminary evidence and information obtained by the commerce ministry found that imported sorghum from the U.S. had been exported at a lower than normal value, it said, damaging local producers."

 

Question is who is manipulating the market more.... the US or China...??

Honored Advisor
Posts: 8,415
Registered: ‎07-18-2011
0

Re: China Rattles Sorghum Saber - Soybean Next?

https://www.reuters.com/article/us-china-usa-sorghum-cornfutures/china-corn-futures-rise-on-dumping-...

 

Read this one    a little more clear.... 

 

Sounds like an internal issue.  Investigating their own importing pricing.

Esteemed Advisor
Posts: 2,722
Registered: ‎04-29-2011
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Re: China Rattles Sorghum Saber - Soybean Next?

Just more market manipulation......Same song,  different verse.

Senior Contributor
Posts: 353
Registered: ‎01-12-2012
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Re: China Rattles Sorghum Saber - Soybean Next?

Thought we were about out of Sorghum. What difference does it make.

Veteran Advisor
Posts: 3,848
Registered: ‎02-11-2013
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Re: China Rattles Sorghum Saber - Soybean Next?

Had a 70 cent basis drop after the announcement
On Milo.

Care to guess how much on beans when that
Happens....

And no trade deal yet ??

Who's the bad guy here ??
Honored Advisor
Posts: 5,607
Registered: ‎01-10-2012
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Re: China Rattles Sorghum Saber - Soybean Next?

No deal is better than a bad deal.

 

We are open for business, sales are happening.

 

Milo h a s always been the "red haired stepchild"

 

Nothing has changed, sorry if you missed the opportunity/s, oh darn.

Honored Advisor
Posts: 8,415
Registered: ‎07-18-2011
0

Re: China Rattles Sorghum Saber - Soybean Next?

basis did not drop in sw ks.

Highlighted
Veteran Advisor
Posts: 3,848
Registered: ‎02-11-2013
0

Re: China Rattles Sorghum Saber - Soybean Next?

Yep we might be open sales taking place, but at
These cheap prices, sure the sign says
"Going out of business sale"

But hey...can't be too bad our Commander and
Cheif has did it 6 times...he is a success because
He said so.

Sorry you didn't see the basis jump. I would
Have thought​ so. Must here is going to 2 or
More still