There is not enough soymeal in the United States to meet demand. To help meet demand, crushers were planning on turning beans into meal using cheaper South American imports, as there is a lot of product available and the crush margins would be well in the green to support their efforts. But, because of the Brazilian port situation, the beans are not coming as quickly as the crushers wanted. The cheap product they could turn into expensive meal is apparently not in the cards.
This is a sample entry from John Payne’s newsletter, This Week in Grain, published on February 05, 2013. It’s WASDE week! I look back to the January WASDE and I’m amazed at how quickly market sentiment has changed in just one month. Thirty days ago, I was asked repeatedly by stressed out producers what they… Read more.
The next fight in Washington is going to be over the US debt ceiling. On Dec 31, 2012 the US Treasury Department confirmed the US has reached the statutory debt limit. Congress has until February 28th to raise the debt ceiling. The GOP will want the US Government to reduce spending over the long term… Read more.
This is a sample entry from John Payne’s newsletter, This Week in Grain, published on January 7, 2013. I hope you had a fantastic holiday season and a happy New Year. It is WASDE week! This is one of the most critical WASDE reports we see all year. The USDA will provide us their final… Read more.
The Council on Foreign Relations sponsored “A Conversation with Ray Dalio” last week. The hour long discussion is a great explanation of what is going on in the global economy today. For anyone who has not seen it, click here to watch Ray Dalio discuss global economics. For those of you who don’t have the… Read more.
The story that dominates the headlines these days is the debt ceiling. As negotiations in Congress go on, fear that a compromise may not be reached grows, despite the fact that most analysts are confident that an agreement will be reached by the August 2nd deadline. The common belief is that none of our politicians… Read more.