Looks like monsanto shares are tanking - reminds of an overzelous Potash Corp. Last years raping and pillaging of north american farmers comes home to roost.
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They have brought this on themselves, again, much like Potash corp. Pin a farmer down and they will fight back. This also explains why Monsanto wanted farmers to pay the TUA on seed booked from Nov. to Feb.
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Trust me its not a good sign when a directly leveraged
ag company goes down in value,its a bet against
higher grain prices.
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Or did china open the glyphos tap, and companies like FNA help bring chem prices back to earth, offering farmers a choice? I could be wrong.
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The point is, North American made product has become reasonable. You do not have buy the cheapest stuff on the shelf, it just made overly expensive products more reasonable to buy givin current grain/pulse/oiseed prices and lower projected returns, JMO.
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I believe, about a year ago it was estimated that China had the ability to produce about 1/3 of the world's tech needs for glyphosate. Estimate today is they have the ability to produce a 100% of the global needs, following a ramp back up of production since rules surrounding the Olympics were relaxed. I think this was under estimated by Monsanto and forced a virtual collapse of glyphosate pricing. This was one of the reason's glyphosate prices went up a couple years ago as well, as many production facilities in China were forced to shut down for the olypmics due to air quality issues, and China's desire to show a "clean china" to the world. Now dollars are what matters. Amazingly, bottled water costs more then Glyphosate.
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I used knockout this spring and it killed the weeds just fine. Monsanto wastes a lot of money doing useless research like GM wheat. The last thing we need is the technology to produce more wheat. Cut that useless research out and they would do just fine. It is nice to see the humbling of Monsanto. Hopefully others will follow.
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when we had our supposed shortage a year ago , Monsanto put the screws to us back up to 8 or 9$.
6-8 $/lb. for canola seed
at this point i will buy the china stuff even if it costs more.
time and time again it has been proven that the only real chem competition comes out of china.
we sell our products at world prices ,
we need access to inputs at world prices
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