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Riverlandfrmr
Frequent Contributor

Corn exports

Does China know something the USDA refuses to acknowledge that maybe we may just possibly run out of corn before next harvest.  Last September we were supposed to have 2.2 billion bushels of carryover but the elevators in the Midwest were begging farmers to bring corn in wet by offering a premium that would pay most of the drying expense. 

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8 Replies
builtrite5163449
Senior Reader

Re: Corn exports

Do not several of the grain terminals located along the Mississippi river have China ownership or vested interest? Kind of like insider trading  or market manipulation when you have this level of inside information. If corn in China is $12 and a U.S farmer will sell what he produces for $5.5, who's making the big money now? President Trump did more to expose the real China control of the world markets. I would bet many will soon forget because it's hard to complain when prices are up 60% . 

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k-289
Senior Advisor

Re: Corn exports

E  G  T   would  be  a  hint ,  ownership  &  destinations  B  O  L   -  -  -

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sdholloway56
Senior Advisor

Re: Corn exports

I’m defaulting to the view that the government pouring vast sums of money into farmers’s pockets before the election creates a shortage.

Time will tell.

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Hobbyfarmer
Honored Advisor

Re: Corn exports

I'm defaulting to the view that since Brazil's interior price is a $ higher than our iowa to S Dakota prices and the early Argentina corn yields are disappointing and their early bean harvest is expected to be short too, that we are the only game in town.

Not sure we have the "burdensome" supply that has been advertised. 

Will be known as the "great '19 grain robbery" sponsored by our own USDA. Supported by 'Ol Ma Nature on 3 continents

 

sw363535
Honored Advisor

Re: Corn exports

Great question Riverlandfarmer.

And sd.     thanks for reminding us that Trump was right on most everything.

China has no respectability.  Nor do the US companies that partner with them.  Especially the tech companies that avoid taxation in the US by partnering with China.

sw363535
Honored Advisor

Re: Corn exports

I saw an interesting read in BBC this morning 

https://www.bbc.com/news/world-us-canada-56410177

interviewing young people on china vs US relations.

nice read..... 

k-289
Senior Advisor

Re: Corn exports

Bids  the  question  of  the  large  scale  pork  producer  tran$fer  of  ownership  a  few  years  back  to  Asian  hands , left  any  thoughts  of  regret  for  those  management  $ellers  - ? 

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sw363535
Honored Advisor

Re: Corn exports

Laws as they are written, and passed by progressive manure slingers.............................. well lets just say the "You have to pass it to see what's in it"  theory applies to the application of the law.  Now that it is law we will have to "Wait and see how it is applied" to know what it means.

Great example......... foreign ownership of assets within the US.

hate speech, ethnicity, abuse laws,  health mandates, and gun laws ......... the number of laws on the books that can be enforced in ever changing ways ............. like congress is now a PTA meeting.

 

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