cancel
Showing results for 
Search instead for 
Did you mean: 
Hobbyfarmer
Honored Advisor

Re: Floor Talk November 27

Are you sure of the math or the price of beans?

 

A bag of beans in Brazil weighs 110 pounds.

 

You are quoting beans @$35 a bu.

0 Kudos
marketeye
Veteran Advisor

Re: Floor Talk November 27

I'm double-checking. But, I believe it is correct. Keep in mind, a lot of expenses come out of that one bag of beans price. So, the net-net price to the farmer is much lower than what that bag is worth.

 

Mike

0 Kudos
marketeye
Veteran Advisor

Re: Floor Talk November 27

For the next 7-10 days, central Brazil is to remain wet, southern Brazil dry and northern Argentina wet. Here is the latest NOAA satellite image:

 

SA Weather1.gif

 

Mike

0 Kudos
Hobbyfarmer
Honored Advisor

Re: Floor Talk November 27

corn imported to the US.jpg

 

 

By SARA KENNEDYBradenton_Herald

The "King Fraser" cargo ship docked is being unloaded at Port Manatee Tuesday. The ship carried 47,000 metric tons of corn destined to feed the animals of drought-stricken farmers in the Southeast. SARA KENNEDY/The Bradenton Herald
By SARA KENNEDY — skennedy@bradenton.com
MANATEE -- The "King Fraser" cargo ship docked at Port Manatee Tuesday carrying 47,000 metric tons of corn destined to feed the animals of drought-stricken farmers in the Southeast.
The corn from Brazil will be unloaded and shipped by rail or truck to buyers in Florida, Georgia and the rest of the Southeast U.S., where feed crops are in short supply, according to Gregory F. Oberting, president and chief executive officer for Interstate Commodities Inc.
The corn comes from Sao Francisco, Brazil, and took about two weeks to arrive at Port Manatee, Oberting said.
It will take until Sunday to unload, according to Steve Tyndal, senior director of trade development and special projects for the port.
The load is the equivalent of 1.8 million bushels of corn or about 1,800 truckloads, said Cliff Arfman, vice president for Southeast Merchandising, a company affiliated with Interstate Commodities, Inc.
The cost of the corn works out to about $8.30 a bushel, he said.
Buyers include everyone from Fortune 500 companies down to ordinary farmers, said Arfman. The grain will go to feed chickens, dairy and other types of cattle, and other livestock, such as hogs and horses, he said.
Grain shipments also are going to ports at Wilmington, Del., Brunswick, Ga. and Mobile, Ala., according to Tyndal.
0 Kudos
marketeye
Veteran Advisor

Re: Floor Talk November 27

Hobbyfarmer,

 

The prices are right. But, they are in Reais. So, you take the amounts by 2.08 to convert.

 

Thanks,

 

Mike

0 Kudos
Hobbyfarmer
Honored Advisor

Re: Floor Talk November 27

That figures out to $17.88 a bushel. Way different than reported in the first post.

 

Also if that is the price there. we can send down beans on those ships bringing their corn here. We are way under that market price. No wonder Bunge had nothing under $16 on their poll.

0 Kudos
sw363535
Honored Advisor

Re: Floor Talk November 27

Mike 

 

On the entry of Port Manatee..............

 

If that corn is selling at $8.30/bu,,,,,,,,,,,,,, isn't this the answer to last summers question.  "What sound does a pipeline sucking air make?"

 

It is NOVEMBER 27th--------------- unless I just slept for 6 months------someone else besides us is hedging that the USda numbers might be overly generous.  How small was this harvest??  The one we have to ship from Mn to Illinois three weeks after harvest.  The one we can't get to Georgia competitively with Brazil corn??

Are we accumulating pieces of a clearer supply picture??

0 Kudos