Interests: Corn, Cotton, Peanuts, Soybeans, Dairy, Irrigation, Marketing
Interests: Cover Crops, Ag Issues in Washington, Precision Ag, Organic, Irrigation, Timber Production, Marketing, Agribusiness
Interests: Corn, Cotton, Dairy, Poultry, Cover Crops, Ag Issues in Washington
Interests: Corn, Soybeans, Beef Cattle, Hogs, Cover Crops, Marketing, Agribusiness
By Angie Setzer
Published 3 weeks ago
Meanwhile on the bean side of things we saw additional China/US trade headlines and rumors push the market hard in both directions. · After the close last Friday Secretary of Agriculture Sonny Perdue was quoted as saying China had agreed to purchase another 10 mmt of soybeans, in addition to the 10 mmt they had already committed to buy... Rumor had it several cargoes of corn had also been sold to China over the weekend, but was never confirmed... 8 mmt of soybeans sold to China in this week’s export sales report... · Interesting to note the US won a World Trade Organization dispute with China over whether or not the Chinese government was providing excessive government support to farmers of certain crops...
Categories: Agribusiness
By Angie Setzer
Published 4 weeks ago
· Continued Chinese negotiations and getting settled back into the routine of receiving regular USDA information were the highlights of this week’s trade. · The markets were closed Monday for President’s Day, but came back Tuesday to a very rough start. Ideas that perhaps US/Chinese negotiations weren’t going quite as well as perceived at the end of last week were only compounded by rumors African Swine Fever had been discovered in Canada... · Wednesday brought renewed China/US trade negotiations, this time in Washington DC... · Headlines Thursday claimed China is willing to purchase another $30 billion worth of US agricultural products...
Categories: Agribusiness
By Angie Setzer
Published 2 months ago
This Week in Agriculture:A Mixed Bag of Information from the Week that Was: January 25, 2019· The government shutdown is now working into its second month creating a Ground Hog Day type feel across commodity markets. The lack of official information has opened the door to rumors and uncertainty over what is really taking place when it comes to fund positions, export sales and supply availability as a whole. As a result, markets remain locked in a trading range... The markets being closed Monday gave traders time to break down what exactly a package like that would look like, and what it would take to make it happen, coming to the conclusion that though China is working towards a resolution by purchasing large amounts of agricultural or energy supplies something of that magnitude is probably not likely to happen... Considering China is holding on to over 50% of the world’s wheat this would definitely be an interesting development...
Categories: Agribusiness
Published 12 months ago
From there, most of the soy is transported to China who is the number one importer and consumer of Brazilian grown soy... Will Improving the Brazilian Economy Kill the Rainforest?Fearnside states that Brazil’s explosive growth and exportation of soy to China is helping the Brazilian economy dig itself out of a financial hole but with dire consequences. According an article published by the Guardian, soy exports to China have increased 10,685% since 1995. In 2017, China purchased 50... The second largest supplier of soy to China is the U...
By Angie Setzer
Published 2 months ago
· In addition to negotiations taking place surrounding the government shutdown traders were monitoring preliminary trade talks between the US and China taking place this week in Beijing. Talks were mostly among mid-level government representatives, though China’s top trade representative did stop by on the first day to get things started on the right foot. · Both countries were clear the talks were ‘positive’ and ‘beneficial to the process,’ with China reiterating its promise to purchase US agricultural and energy products and the US restating the issues the administration and others feel need to be resolved... · In addition to positive talks reports surfaced China was in buying more soybeans Monday... · China also made moves to approve several genetically modified traits for import...
Categories: Agribusiness
Interests: Corn, Cotton, Peanuts, Soybeans, Dairy, Irrigation, Marketing
Interests: Cover Crops, Ag Issues in Washington, Precision Ag, Organic, Irrigation, Timber Production, Marketing, Agribusiness
Interests: Corn, Cotton, Dairy, Poultry, Cover Crops, Ag Issues in Washington
Interests: Corn, Soybeans, Beef Cattle, Hogs, Cover Crops, Marketing, Agribusiness
By Angie Setzer
Published 3 weeks ago
Meanwhile on the bean side of things we saw additional China/US trade headlines and rumors push the market hard in both directions. · After the close last Friday Secretary of Agriculture Sonny Perdue was quoted as saying China had agreed to purchase another 10 mmt of soybeans, in addition to the 10 mmt they had already committed to buy... Rumor had it several cargoes of corn had also been sold to China over the weekend, but was never confirmed... 8 mmt of soybeans sold to China in this week’s export sales report... · Interesting to note the US won a World Trade Organization dispute with China over whether or not the Chinese government was providing excessive government support to farmers of certain crops...
Categories: Agribusiness
By Angie Setzer
Published 4 weeks ago
· Continued Chinese negotiations and getting settled back into the routine of receiving regular USDA information were the highlights of this week’s trade. · The markets were closed Monday for President’s Day, but came back Tuesday to a very rough start. Ideas that perhaps US/Chinese negotiations weren’t going quite as well as perceived at the end of last week were only compounded by rumors African Swine Fever had been discovered in Canada... · Wednesday brought renewed China/US trade negotiations, this time in Washington DC... · Headlines Thursday claimed China is willing to purchase another $30 billion worth of US agricultural products...
Categories: Agribusiness
By Angie Setzer
Published 2 months ago
This Week in Agriculture:A Mixed Bag of Information from the Week that Was: January 25, 2019· The government shutdown is now working into its second month creating a Ground Hog Day type feel across commodity markets. The lack of official information has opened the door to rumors and uncertainty over what is really taking place when it comes to fund positions, export sales and supply availability as a whole. As a result, markets remain locked in a trading range... The markets being closed Monday gave traders time to break down what exactly a package like that would look like, and what it would take to make it happen, coming to the conclusion that though China is working towards a resolution by purchasing large amounts of agricultural or energy supplies something of that magnitude is probably not likely to happen... Considering China is holding on to over 50% of the world’s wheat this would definitely be an interesting development...
Categories: Agribusiness
Published 12 months ago
From there, most of the soy is transported to China who is the number one importer and consumer of Brazilian grown soy... Will Improving the Brazilian Economy Kill the Rainforest?Fearnside states that Brazil’s explosive growth and exportation of soy to China is helping the Brazilian economy dig itself out of a financial hole but with dire consequences. According an article published by the Guardian, soy exports to China have increased 10,685% since 1995. In 2017, China purchased 50... The second largest supplier of soy to China is the U...
By Angie Setzer
Published 2 months ago
· In addition to negotiations taking place surrounding the government shutdown traders were monitoring preliminary trade talks between the US and China taking place this week in Beijing. Talks were mostly among mid-level government representatives, though China’s top trade representative did stop by on the first day to get things started on the right foot. · Both countries were clear the talks were ‘positive’ and ‘beneficial to the process,’ with China reiterating its promise to purchase US agricultural and energy products and the US restating the issues the administration and others feel need to be resolved... · In addition to positive talks reports surfaced China was in buying more soybeans Monday... · China also made moves to approve several genetically modified traits for import...
Categories: Agribusiness
By Angie Setzer
Published 3 months ago
2019 is coming in with a bang across many sectors of the market. Outside market volatility feels unprecedented with wild swings higher or lower on seemingly little in the way of major headlines, while commodity traders work to pin down short-term demand in the face of a USDA shutdown... While several private traders indicated China was in the market again enquiring about prices and looking to buy, there will be no confirmation of actual amounts until the government reopens or the beans are shipped... We have been watching the development and spread of African Swine Fever in China with horror as one case quickly turned into ten and ten into one hundred... So far we’ve seen values move higher, but with South American weather getting interesting and China/US trade talks slated for next week, that is not too surprising...
Categories: Agribusiness
By Angie Setzer
Published 8 months ago
· While China cannot retaliate with additional tariffs due to their limited import of US goods the concern is these tariffs could cause greater hardening of attitudes between the two countries. Of course in the past China has worked to take a very anti-whoever stance when it comes to trade spats... · Interesting to note rumors from this week’s NATO meetings indicate many in the group support cracking down on China, just not necessarily the way the administration is going about it... Looking at overall global supply and demand it is extremely important to recognize China’s place in the overall number as they are holding on to 52% of the world’s wheat. · Once China is removed from the overall picture many are quick to point that the world’s major exporter stocks to use is the tightest seen in quite some time...
By Angie Setzer
Published 1 month ago
· Much of this week was spent focusing on China trade talks while we worked to get caught up on data after the government shutdown, and digest what last week’s report information could mean long-term. · Last Friday’s information was relatively absent of surprises. While corn yield and overall production came in a bit lower than anticipated the reduction in usage kept overall carryout in line with trader expectations ahead of the report. What was most interesting was the by-state breakdown in stocks both on and off the farm as those numbers will likely have implication in cash values paid in the coming months... · Aside from the USDA numbers we saw trader attention remain focused on China trade talks...
Categories: Agribusiness
By Angie Setzer
Published 4 months ago
· The moment we have all been waiting for is just a day away as the G20 summit kicks off and the world awaits the dinner meeting between President Xi and President Trump scheduled for Saturday... On the China side we cannot ignore what is taking place when it comes to the spread of African Swine Fever... · Traders have been monitoring the situation closely, wondering when we could see China enter into the buy side of our pork export market... Neither thought was right it appears as China was the 3rd largest buyer of 2018 pork supplies in this week’s export sales report and responsible for over 70% of purchases made for 2019... · Aside from China we are revisiting refinery waiver and biofuel blending requirements as well...
Categories: Agribusiness
By Angie Setzer
Published 2 months ago
Excitement ensued when talk of China agreeing to purchase 5 mmt of soybeans a day was announced... However, China purchasing 5 mmt a day would in fact wipe out our carryout in a little over 5 days, bringing the reality of this claim into question... While any purchases are good, especially in this current market structure, 10 mmt is around 15 mmt (551 mbu) below what China had purchased from the US last marketing year. · We did hear talk that China would buy 300 million gallons of ethanol from the US as part of the trade package... · The US is not the only one holding high level trade talks with China...
Categories: Agribusiness
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