World Soybean Supply Situation...

[royalfan5]

So it looks like for the first time ever we may have back to back South American and United States production disasters. Prices are already near record highs, and China continues to buy in record quantities. Is this making anyone besides me nervous? (Note: I work in the grain and oilseed trade for a living)

[bedeviledegg]

So it looks like for the first time ever we may have back to back South American and United States production disasters. Prices are already near record highs, and China continues to buy in record quantities. Is this making anyone besides me nervous? (Note: I work in the grain and oilseed trade for a living)

The day that I'm nervous about soybeans will be the day I know that I've gone off the deep end.

[LoneStarBiker]

dude, no more $#@!ing soy sauce?!?!

[Jeevsie]

This, coupled with the guar gum shortage. It's probably somehow Halliburton's fault.

[royalfan5]

dude, no more $#@!ing soy sauce?!?!

Also, more expensive bacon due to higher soymeal costs limiting hog production. In addition, China is very dependent on US soybean imports.

[random horn]

i will be ok

[CPHornFan]

The $#@!ing Mayans were right!

[Doc Holliday]

We're all gonna die. Glad I made it to see Amurica have another birthday. Amurica, $#@! yeah.

[bozo_casanova]

Where's Beeks? Where in the hell is Beeks?

[LoneStarBiker]

Where's Beeks? Where in the hell is Beeks?

Allsome + rep

[bborange]

Where's Beeks? Where in the hell is Beeks?

[bularry]

so I guess, go long?

[LongestHorn]

Corn is also trading at near all time highs. It's this damn drought.

[Imperator]

Also, more expensive bacon due to higher soymeal costs limiting hog production. In addition, China is very dependent on US soybean imports.

Sooo.. Monsanto to the rescue? :/

[Brisketexan]

If I run out of tofurkey, I'm gonna choke a bitch . . .

[ousuxndallas]

Where's Beeks? Where in the hell is Beeks?

Good one, bozo!

[xr4ticlone]

Corn and beans are taking a pounding in much of the grain belt. I happen to be in an area that is looking good right now...but we need rain in the next 5-10 days as well.

Look for prices to go higher on both. I wish I had my 10 bpa back I sold at $12.50 this spring.

[Montag]

no problem, everyone just needs to lay off the edamame at the local sushi joint. Well, it wouldn't hurt if we laid off of the fish too.

Nahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh, let's just keep doing what we're doing. It'll be fine. My pet orange roughy told me so.

[Franco]

So it looks like for the first time ever we may have back to back South American and United States production disasters. Prices are already near record highs, and China continues to buy in record quantities. Is this making anyone besides me nervous? (Note: I work in the grain and oilseed trade for a living)

Please explain more about the back to back South American and US production disasters. What's going on?

[DeftwillP]

Corn and beans are taking a pounding in much of the grain belt. I happen to be in an area that is looking good right now...but we need rain in the next 5-10 days as well.

Look for prices to go higher on both. I wish I had my 10 bpa back I sold at $12.50 this spring.

I've got an idea then.....lets start turning it into fuel.

[royalfan5]

Please explain more about the back to back South American and US production disasters. What's going on?

It was hot and dry there when they needed rain, and it has been hot and dry here when rain has been needed.

[elfenix]

i guess that would explain why my soybeans from HEB were hecho in china.

[royalfan5]

i guess that would explain why my soybeans from HEB were hecho in china.

Considering China has to import massive amounts of soybeans every year from the US and South America, I doubt they were grown in China.

[PoofyBevo]

Where's Beeks? Where in the hell is Beeks?

He's supposed to be getting the crop report, but is actually out back playing with GI Joe with the Kung Fu grip.

[Snacks]

Where's Beeks? Where in the hell is Beeks?

Get back in there and sell.

[texhorn]

[xr4ticlone]

I've got an idea then.....lets start turning it into fuel.

Don't worry..we already did...soydiesel. My brother and dad lost money in the plant up here that was built (but never produced a gallon before bankruptcy).

Of course, like wind power and ethanol, bio diesel was only ever produced because of the tax credits. If you want to see what a $#@!ty business looks like...find one that is highly subsidized by our Fed Gov.

I fully expect there will be some challenges with food production going forward. We're all of a sudden getting tight on supply, and demand rises with the financial situation of billions of 3rd world people in China, India and other countries.

[ldogg53]

So it looks like for the first time ever we may have back to back South American and United States production disasters. Prices are already near record highs, and China continues to buy in record quantities. Is this making anyone besides me nervous? (Note: I work in the grain and oilseed trade for a living)

Weird post is weird.
And to top it all off I just booked 17k tons of soyabean meal to Morocco and 17k tons of soya bean meal and hulls to Ireland.

[TahoeHorn]

I remember a trading cry of "Beans in the teens!". I think it was in the Seventies. I don't know if it ever got to the teens.

[washparkhorn]

pollination (corn)(about now) and pod setting (soy beans)(~1 mos. away) + heat + drought = low production and higher prices.

The early spring didn't help either.

(Married to a farmer's daughter and elevator owner's mother's daughter)

The OP is dead on.

I am long fertilizer for next year's crops.

[judge roybeanbag]

Soy gives you moobs.

[CheeseWeasel]

Where's Beeks? Where in the hell is Beeks?

/end thread
+rep

[next2naus]

It was hot and dry there when they needed rain, and it has been hot and dry here when rain has been needed.

so you were hot and you were hungry?

[Hank Scorpio]

Thank God I saw this thread in time. I just went to every grocery store in town and bought them out of edamame. Should last me through the winter at least. Please keep this thread updated with more breaking soybean news. God bless.

[Mack Tripper]

I just bought 5 Whole Foods out of Boca burgers.

[royalfan5]

so you were hot and you were hungry?

Not at all, my desk is under the HVAC vent, and near the stocked office refrigerator.

[tx 3 putt]

I just bought 5 Whole Foods out of Boca burgers.

i took one bite of that crap once and threw up.

[MaduroUTMB]

http://www.dangerouslogic.com/trading_places.html

Explanation and numbers of how the final scene went down. Of course, massive naked shorts based on insider information may not be quite so popular with the general public these days.

[next2naus]

Not at all, my desk is under the HVAC vent, and near the stocked office refrigerator.

Fail

[NameAlreadyInUse]

This seems like a good thing. Soybeans make kids gay.

[MP5]

This seems like a good thing. Soybeans make kids gay.

Haha, send it to China! All of it.

[Eastwood22]

Wharton County is growing a $#@!-ton of soy beans right now, so everyone just chill.

[Mack Tripper]

[bozo_casanova]

Wait, so HEB is open?

[Mack Tripper]

Costco

[Bolverk]

Of course, like wind power and ethanol, bio diesel was only ever produced because of the tax credits. If you want to see what a $#@!ty business looks like...find one that is highly subsidized by our Fed Gov.

So, you're saying we should stop subsidizing agriculture. Cool! I'm down with that.

[B1G]

What do you need rain for? All you need is center pivots, water problem solved.

[royalfan5]

So the weather continues to look like it is going to wreck pretty much everybodies crops this year, except for Canada. While this will raise the cost of food here, it will really cause probablems overseas, especially in import dependent countries. Afterall, hungary folk tend to riot.

[JohnnyChimpo]

I find the Hungarians to be a very calm and civic minded people.

[royalfan5]

Beans moved sharply higher again today. This is where to real story will be, not on the corn.