cancel
Showing results for 
Search instead for 
Did you mean: 
Veteran Advisor

Disincentivizing soybeans? I'll say ... But how does the administration expect to ....

https://www.agriculture.com/markets/analysis/the-market-is-incentivizing-farmers-to-plant-fewer-soyb... Disincentivizing soybeans? I'll say. With $8 beans and $1.25 new crop basis in North Dakota, that's plenty of disincentives. But just how does the Administration expect China to buy an extra $80 billion if there aren't any soybeans? And, that's assuming the Chinese ever get things straightened around enough to even buy soybeans this year.

  Let's hope the world economy doesn't just grind to a halt in the next few weeks.

0 Kudos
8 Replies
Honored Advisor

Re: Disincentivizing soybeans? I'll say ... But how does the administration expect to ....

Me too.......

 

It won't      But Beans are going to be raised somewhere else in the world..... where water comes free.

0 Kudos
Honored Advisor

Re: Disincentivizing soybeans? I'll say ... But how does the administration expect to ....

If Phase One removed the tariff on US beans, won`t the rest of the world also be "disincentivized" with the same $8 beans?  Soybeans sitting in North Dakota with $1.25 basis verses soybeans sitting in the interior of the Amazon jungle a 200 mile trip on a knee deep rutted, red clay road all to sit in a 2 mile line of trucks and a "dock strike" right when it`s your turn to unload....6 of one, half dozen of the other.

0 Kudos
Veteran Advisor

Re: Disincentivizing soybeans? I'll say ... But how does the administration expect to ....

With  the  average  wage  of   $700.oo  / US   A  MONTH  is  Sao Paulo  -  -  -

Looking  at  the  exchange  rate  of $o.23 - cents  /  the  US  dollar  ,    try  to  match up  those  figures -  -  -

The   easy  win,  becomes  complicated  -  -  -   

0 Kudos
Honored Advisor

Re: Disincentivizing soybeans? I'll say ... But how does the administration expect to ....

So we sell our beans for $8 and Brazil sells theirs for (32) quarter dollars?   Shh, don`t let that secret get out   Smiley Happy

0 Kudos
Veteran Advisor

Re: Disincentivizing soybeans? I'll say ... But how does the administration expect to ....

Those  long  lines  to  get  trucks  unloaded ,   aren't near  the  issue  down  there ,  at  $700. oo  / month  wages  -  -  -

Do  farmers  down  there  (Brazil),   order  bean  seed  on  line  -  from  you  know  who  -  with  a  prime membership   ?  

0 Kudos
Honored Advisor

Re: Disincentivizing soybeans? I'll say ... But how does the administration expect to ....

Anybody got a picture of 400 ups trucks lined up on a muddy road waiting for an ox to be pulled through a mud hole?  Smiley Happy

Seems appropriate here...... But one thing is relevant.  With current cbot activity, here in the US, a few ups trucks will have an easy job delivering seed this spring.

Veteran Advisor

Re: Disincentivizing soybeans? I'll say ... But how does the administration expect to ....

Hence,  flurry  of  activity,   for  the  Used  to  be  fence-row,  to ,  Used  to  be  fence-row  -  -  - 

0 Kudos
bridgetbly
Frequent Reader

Re: Disincentivizing soybeans? I'll say ... But how does the administration expect to ....

Phase 1 didn't remove tariffs on beans.

0 Kudos