- Agriculture.com Community
- Announcements & Forum Help
- Farm Business
- Young & Beginning Farmers
- Cattle Talk
- Crop Talk
- Hog Talk
- Machinery Talk
- Machinery Marketplace
- Shops, buildings and bins
- Ask the SF Engineman!
- Precision Agriculture
- People & Rural Life
- Ag Forum
- Women In Ag
03-05-2018 10:10 AM
After putting $1.00 on the soybean market, due mainly to the drought in Argentina, investors are trying to figure out if the weather-driven rally has further upside?
How bad are things for farmers in Argentina? Well, the cows have been turned out, according to the guy that I follow on Twitter.
What say you? Do you think the market has more upside, here, or will the China/U.S. tariff trade row cap gains?
03-05-2018 10:47 AM - edited 03-05-2018 10:52 AM
I've had cattle get a fence down and get out too.
Those cattle look like they are steaming from running, all bunched up, not like they were just let out.
More like they were just gathered up from being all over where they didn't belong.
03-05-2018 11:09 AM
Yes those beans look haggard
The Grain Exchange is now rating the soybean crop in general as 45.3% very poor, 30.7% poor, 21.1% fair, 2.6% good, and .3% excellent. The early planted soybeans are rated 72% poor to very poor, whereas the later planted soybeans are rated 85% poor to very poor. The earlier planted soybeans had relatively good weather last September and October, but the later planted soybeans have endured adverse weather ever since they were planted.
The soybeans in general are 35% filling pods and 5% mature, so the next few weeks will be critical for determining the final soybean yield. The soil moisture for the soybeans is rated 52.9% very short, 34.1% short, 12% favorable, 0.8% optimum, and 0.2% wet."
03-05-2018 01:13 PM
03-06-2018 08:21 AM
Well the opposite side of the market will have a time at bat.... before another run up in the next inning.
Those beans look trampled by something.... but IMO the market is usually overly optimistic and the producers are usually pessimistic.
Seems like most of the information about argentina drought is coming from the optimistic side..... so it could be that bad.
It is kind of late south...... and the too wet brazil folks along with the too dry areas will definitely put a floor on the market for a while...
It looks like spring here is setting up the same way.
03-06-2018 08:26 AM
This quote from FCStone...... headlines their report......
"Wheat ratings holding after winter declines; grain prices consolidating pre-USDA"
That statement should be followed by a "please" or "we hope" statement......
Overly optimistic..... and very misleading
03-06-2018 09:22 AM
In the u.s.
When you have extreme fire warning...and we
Thought we had two big fires this
Morning that turn out to be blowing dust
We are in serious trouble.
03-06-2018 12:14 PM
cheapo lets see if usda can change this in one report.. It will take a lot more than just a bad report.
Notice how significant todays 7 cents down is.... Argentina and US both having problems does figure on the world viewpoint...
But they want to ignore it so far...... and I agree with you...... It appears the US drought is a bigger problem..... maybe that is why they are talking about argentina.... they probably expect that one to get better first.