Markets betting on big crops ...

[Guest]

So you are saying no frost event at all.

Nothing significant that I am aware of yet

[furrowtickler]

[jazz]

Aussies looking for frost resistance, Canada looking for heat tolerance.

We will know pretty quick if this event had an impact. I am already getting texts from buyers begging me to sell it all this fall.

[errolanderson]

Key factors pressuring commodity prices this fall as we see it (ProMarket Wire) . . . .

Falling ethanol production stateside due in-part to shift U.S.energy policy freeing up corn bushels. No shortage of corn expected.

China hiked its corn acres significantly. Much larger production expected. They will not be the same international buyer as a year ago. USDA export estimates too high (IMO).

Late rains beneficial for soybeans, not so much corn, but damper on fund spec buying nonetheless.

Technicals and demand have turned down broadly across the commodity world, not just ag.

Lift in USD, pushed American export prices slightly higher. Exports slowed. Expect firm dollar this winter as gold continues its struggle.

Deflation remains just a stock market correction/crash away.

[furrowtickler]

I hope your right on deflation Errol because our costs as grain farmers have spiralled out of control this past 6 months .

[errolanderson]

I hope your right on deflation Errol because our costs as grain farmers have spiralled out of control this past 6 months .

Furrow . . . Skyrocketing ocean freight container rates have likely peaked as well, but this may take a few months to feel the eventual pullback (IMO). Easing China demand should free up containers . . . .

[furrowtickler]

This is where trump was right , hate him or not , we need more North American made products of everything. Relying on China for nearly everything has strangled so much of everything we need

[shtferbrains]

What's the deal with the chips for the new trucks?
Every plant is shut down now?

[beaverdam]

What's the deal with the chips for the new trucks?
Every plant is shut down now?

Was reading yesterday, the countries and/or plants making chips are having a 4th wave with Wuhan Delta.

Plant slowdowns/shutdowns will add to delays in getting trucks on the market,,, this could end up being very serious for many industries.

[the big wheel]

And farm equipment. But let’s not worry
About the virus. Here’s a prime example
Of what happens. And sorry for bringing
Covid into this topic but it is rhe cause. Also
Many other shortages.