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Hobbyfarmer
Honored Advisor

TID BITS

http://www.agr.gc.ca/eng/programs-and-services/drought-watch/satellite-soil-moisture/?id=14719647965...

 

we hear about the wetness on the Iowa/Minn line.

 

This map is moveable to Panama.

 

Sold a few loads of cash beans yesterday after the close, already sold "too soon, too cheap". ($10.08)

 

http://www.agr.gc.ca/eng/programs-and-services/drought-watch/canadian-drought-monitor/?id=1463575104...

 

They are playing musical chairs with the bean stocks in South America.

Argentina is now at 36 mmt projection/prediction at beginning of planting season was 54mmt. That's a one third drop in production in #3 world soy producer, Uruguay down 59% , not a big producer but still many ship loads short. (Several mmt short)

 

Cash corn at local coop $3.81.     E plant 45 rough road miles away $3.80

                                   Soy $9.75

 

ADM Des Moines crush $10.17

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4 Replies
BA Deere
Honored Advisor

Re: TID BITS

It`s getting planted. finding a unworked bean subble field is hard but not impossible, still quiet a bunch of cornstalks untouched, but that`ll change after this weekend.   It`s late enough yields will be hurt and if the rain shuts off it might not bail some of these fields out of the poor conditions they were planted into.  Whether China will agree to more US ag purchases in exchange for our agreeing to continue stocking Walmart stores or a "Elwynn Taylor dought" or a combination, I think we`ve seen our lows.  Much to the chagrin of Trump hater gurus like David Kruse. 

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Hobbyfarmer
Honored Advisor

Re: TID BITS

Not sure we have seen the lows,
Still some unplanned here, just the bto's.
The planted unsprayed fields are the bigger #

Corn has a lot of potential at this juncture for some great yields.
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Hobbyfarmer
Honored Advisor

Re: TID BITS

Chinese buyers have bought at least 12 cargoes of US soybeans in the past two days...

 

Stocks of soy is at a four year high in China...

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Blacksandfarmer
Veteran Advisor

Re: TID BITS

I finally started plant 18 today! Got about 20 acres of corn in the ground..... Its only 2 or 3 weeks behind "normal."

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