Go to Lake for a year screw it!
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What can be done about the gouging.
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A sorely needed 100 basis points increase in rates and all the inputs along with grain prices fall back very quickly. Shortages disappear as well since inflation premiums deflate. Since the rain was a bust last night don't need to order any fertilizer. 25 bu/ac @ $20 is the same revenue as 50 bu/ac @$10. Less grain bags, trucking and fertilizer required.
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Originally posted by wmoebis View PostI see where AB wht is hiring a private UK company to investigate and report your grain sales and pricing. Not sure what your foreign owned grain companies and buyers will think about that. Seems a private foreign company having open books to report on another company and countries deals might not go over that good in the long run. IMHO
How about someone using checkoff $ to investigate some of these deals you guys are talking about instead? If inputs were more in line with returns year over year might be good for farmers.
Pretty interesting...sure would like to hear from the commissions how they couldn't get it done.
Volumes and average prices reported like the USDA has done for 50 years.
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This is how Covid has changed the dynamics of global economics.
Hot rolled steel prices have gone up 4X over the past year. The hottest commodity in the world. China produces about 60 percent of global steel production. The western world combined produces less than 30 percent.
China placed a heavy export tariff on its domestic steel producers. Why? Possibly to stop steel from leaving China. Hoarding. So China now is effectively exporting inflation into global economies on steel shipments.
Now the developer/real estate crash is in-progress. China’s economy appears in a serious slowdown.
2 plus 2 suggests China is going to be sitting on a pile of unwanted steel soon. Will the export tariff come off? Who knows. But even if it doesn’t, steel prices have likely topped and heading lower (IMO). If the tariff comes off, global steel prices could crash.
That’s bearish commodities (IMO) . . . .
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Originally posted by errolanderson View PostThis is how Covid has changed the dynamics of global economics.
Hot rolled steel prices have gone up 4X over the past year. The hottest commodity in the world. China produces about 60 percent of global steel production. The western world combined produces less than 30 percent.
China placed a heavy export tariff on its domestic steel producers. Why? Possibly to stop steel from leaving China. Hoarding. So China now is effectively exporting inflation into global economies on steel shipments.
Now the developer/real estate crash is in-progress. China’s economy appears in a serious slowdown.
2 plus 2 suggests China is going to be sitting on a pile of unwanted steel soon. Will the export tariff come off? Who knows. But even if it doesn’t, steel prices have likely topped and heading lower (IMO). If the tariff comes off, global steel prices could crash.
That’s bearish commodities (IMO) . . . .
Same goes for fertilizer.
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Originally posted by errolanderson View PostThis is how Covid has changed the dynamics of global economics.
Hot rolled steel prices have gone up 4X over the past year. The hottest commodity in the world. China produces about 60 percent of global steel production. The western world combined produces less than 30 percent.
China placed a heavy export tariff on its domestic steel producers. Why? Possibly to stop steel from leaving China. Hoarding. So China now is effectively exporting inflation into global economies on steel shipments.
Now the developer/real estate crash is in-progress. China’s economy appears in a serious slowdown.
2 plus 2 suggests China is going to be sitting on a pile of unwanted steel soon. Will the export tariff come off? Who knows. But even if it doesn’t, steel prices have likely topped and heading lower (IMO). If the tariff comes off, global steel prices could crash.
That’s bearish commodities (IMO) . . . .
Many pointed this out in the first month of this “pandemic†now this is the result and your not wrong , China now holds the rest of the world like strings of a puppet
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