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Farmers don't set the prices. If supply is greater than demand the market will punish the producer pricing.
Old 06-13-2019, 05:50 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #101 (permalink)
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Quote:
Originally Posted by cabmando View Post
The prices were artificially high which is why as Sooner has repeatedly pointed out... they tanked in 2014
No, 2014 had a record breaking yield.
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Old 06-13-2019, 05:54 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #102 (permalink)
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Low soybean pricing is not due to tarriffs. It is about increasing worldwide production in an oversupply environment over the long term.

Soybean is a commodity. The quality of product varies little between producers.
Old 06-13-2019, 05:59 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #103 (permalink)
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Quote:
Originally Posted by Shaun @ Tru6 View Post
No, 2014 had a record breaking yield.
Duh. That is why prices tanked.
Old 06-13-2019, 06:00 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #104 (permalink)
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Quote:
Originally Posted by cabmando View Post
The prices were artificially high which is why as Sooner has repeatedly pointed out... they tanked in 2014
So the loss of a 738 million bushel market is insignificant. The tariffs have no affect, the price would have dropped anyway. Got it.


"As the trade war rages with China the real impacts to U.S. soybean farmers are starting to be felt. University of Arkansas agriculture economist Scott Stiles created a chart mapping how many bushels of soybeans were sold in China in 2017 as compared to 2018 when the trade war started.

The results stunned him. The U.S. sold 759 million bushels in 2017, but only 21 million bushels in 2018.

“That’s the stunner,” Stiles said. “China has been our number one export market for soybeans since 2002.”

https://talkbusiness.net/2019/01/dramatic-drop-in-number-of-soybeans-exported-to-china/
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Old 06-13-2019, 06:01 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #105 (permalink)
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Quote:
Originally Posted by Sooner or later View Post
Low soybean pricing is not due to tarriffs. It is about increasing worldwide production in an oversupply environment over the long term.

Soybean is a commodity. The quality of product varies little between producers.
2018 low prices were due to uncertainty from the tariff war.

Keep trying to spin it, and please send in some extra taxes for me so the U.S. government can keep paying farmers.
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Old 06-13-2019, 06:04 AM
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Originally Posted by wdfifteen View Post
So the loss of a 738 million bushel market is insignificant. The tariffs have no affect, the price would have dropped anyway. Got it.
Yes... the price would have dropped anyway. They have fallen back to slightly above average over the last 30 years if I'm not mistaken.
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Old 06-13-2019, 06:04 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #107 (permalink)
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Quote:
Originally Posted by Sooner or later View Post
Duh. That is why prices tanked.
Yes, duh.
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Old 06-13-2019, 06:05 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #108 (permalink)
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I think the net net here is prior to the tariff war, we weren't paying farmers $28 billion of taxpayer money and China wasn't looking elsewhere for soybeans.
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Old 06-13-2019, 06:08 AM
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Quote:
Originally Posted by Shaun @ Tru6 View Post
2018 low prices were due to uncertainty from the tariff war.

Keep trying to spin it, and please send in some extra taxes for me so the U.S. government can keep paying farmers.
Global supply is about double global demand.
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Old 06-13-2019, 06:08 AM
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Quote:
Originally Posted by Shaun @ Tru6 View Post
I think the net net here is prior to the tariff war, we weren't paying farmers $28 billion of taxpayer money and China wasn't looking elsewhere for soybeans.
We export about 40% of our soybean crop.. China makes up about 15% IIRC. China was always buying from other producers.
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Old 06-13-2019, 06:10 AM
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Quote:
Originally Posted by cabmando View Post
Global supply is about double global demand.
Boy, nothing you post is actually correct. Like nothing. What's with that?

Fast Company: China Soybean Demand Will Outpace Global Supply
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Old 06-13-2019, 06:13 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #112 (permalink)
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At these prices there is little to be made.

If there is liitle or nothing to be made due to worldwide over supply it is not very smart to continue to increase production.

That is what has been going on.

If Tru6 saw his profit margins slashed to where he couldn't cover the bills because of worldwide competition and over supply would he expand his business on the same product or look for a new product to supply?

Keep in mind we are talking about a commodity. There is little or no difference between products.
Old 06-13-2019, 06:14 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #113 (permalink)
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Quote:
Originally Posted by cabmando View Post
We export about 40% of our soybean crop.. China makes up about 15% IIRC. China was always buying from other producers.
That deserves a duh. And for the future, the ratios will change, and not in our favor unless the U.S. government subsidizes farmers. Simple.
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Old 06-13-2019, 06:14 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #114 (permalink)
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It'll be interesting to see what corn and bean prices do this year. Up until last Friday/Saturday there were no farms planted with either beans or corn in a 10 mile radius of me.
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Old 06-13-2019, 06:16 AM
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The vast majority of the subsidy ain't going to the little guy. They are going to a relatively few huge growers.

Look it up.
Old 06-13-2019, 06:17 AM
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"With an estimated 5% to 8% demand growth each year experts say China’s demand will soon outstrip global soybean production,"

You do know that doesn't mean right now... right?
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Old 06-13-2019, 06:17 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #117 (permalink)
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While my production is nearly double demand comment is wrong... China does not have more demand than the global supply.
This is why you can't have any sort of debate with a Google warrior.
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Last edited by cabmando; 06-13-2019 at 06:24 AM..
Old 06-13-2019, 06:20 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #118 (permalink)
 
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Quote:
Originally Posted by Shaun @ Tru6 View Post
That deserves a duh. And for the future, the ratios will change, and not in our favor unless the U.S. government subsidizes farmers. Simple.
Quote:
Originally Posted by Shaun @ Tru6 View Post
and China wasn't looking elsewhere for soybeans.
Duh indeed Shaun.. If you can't follow what you have already written and understand why my response was what it was, that's on you, not me. Don't be such a f'ing child..
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Old 06-13-2019, 06:23 AM
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