Thanks Mcfarm

I sure hope most of that article is free of spin cause thats why i voted Trump-so that he could open some eyes and run  this place more business like instead of running it for your"Party".

Good Lord,with all the political shots hes been dodging when does he find time to do these things we e hired him to do? 

The "Market" doing pretty good with all this!

John

Agree that Trump is trying to keep promises and many things need changing.

Dems. in Washington should be ashamed of themselves. Do nothing to support this Pres. and HOPE he falls on his face. BUT there still getting paid and have ins. coverage for doing nothing.

The country voted for change to a businessman and not a good old boy from Washington.

Tariffs, remember all the inflation talk. Gold and Silver don't see it that way.

Trump and his personal life and character could be better. BUT things are getting done.

The "Trump" card for u corn producers is not the 1 cent payment but down the road E15

From what I have been able to read I see nothing wrong with the Mexico/USA trade agreement

I suppose all negotiations have to have some compromise for both sides to agree

For example, given the details are always in the fine print of which we have not seen, a large amount of public information seems to be very broad statements from Trump or White House officials and very little from Mexico, that I can find.

 According to public statements, [so far] Trump did not get his wall built and paid for by Mexico. Other than a token amount of money [from USA taxpayers] and nothing from Mexico, the wall seems to be a failure, so far.

There has been no mention that I know about in regards to Mexico buying or sourcing corn from the USA, but we may find out more at a later date. I have to think Mexico will continue to source all or most of their corn imports  from the USA

This agreement might be the easiest trade agreement on the bucket list and the reason why Mexico was the 1st in line.

All things considered

Well done President Trump

wayne, after reading your post on Canada yesterday I wonder if it would be too much to ask the Canada chip in on the wall....it benefits you as well and is in your national interests.

good god why would Canada be dumb enough to "chip in on the wall" when neither the trumper or Mexico is willing to "chip in on the wall"

btw trump is looking like back worst deals ever struck by a US president 

fleeced by KJU and Now giving away the store to Mexico   

what a deal maker ROTFLMAO

why would Canada help? Well just yesterday our resident Canadian was telling us what a great neighbor they are. If that is true they would want to help as it goes directly to their national security and national interest.  Just those small reasons.

Mcfarm

Maybe it is just one of those things like the pass we took on Vietnam War. It makes no sense

 Just some info for you mcfarm, some idiot refugees tried to cross the Canadian border in western Canada. They dang near froze before being discovered. .I have an idea you know about snow and cold and how sensors work yr round.

Cash beans now $1.43 less than last year on this day due to Trump slamming the market long ago with his trade war/tariff talk.

kind of thinking 60b/a  prospects on  new crop have had an affect there cliffy

Little or no harvest pressure last year on this date...ditto for this year. And with harvest we'll go down from a  lower price level than last year. Recency still has merit on how things move. Trump's market damage can't be repaired.

nobody is talking harvest pressure, where did that come from?

Hi Cliff,

Of course the tariff situation made things worse but the last time that ending stocks as a % of usage were projected to be higher than this was the mid 1980's! Do you remember prices then?

Like you said, with harvest pressure, prices are likely to get even lower than where they are now.........which is 10 year lows. We could drop well below $8 based on the graphs below.

If you look at prices at the bottom, it's a reminder that soybeans were under $5 from early 1999 thru half of 2002 with fundamentals far more bullish than they are now. 

So as long as we don't have unprecedented damage from flooding in September, as soon as the market trades on harvest pressure, the bottom really can fall out. The actual bottom will be lower because of the China situation but here on planet earth, the empirical data below means prices would still very likely have dropped below 10 year lows at harvest. 

The last 3 years, in Sept. soybean prices were 9.05-2015, 9.43-2016 and 9.35-2017 with MUCH less bearish projections of ending stocks as a % of total use.  Then they dropped even lower than that from harvest pressure. 

People forget but the only reason that we got above $10 earlier this year was a drought in parts of South America for 2 months, then funds loading up with a huge speculative long position ahead of our growing season.

At the end of May 2018, when the weather turned from hot/dry forecasts to wet and crop estimates kept increasing......they covered their longs and built up a huge short position.

Soybean Supply & Demand Charts:

https://www.agmanager.info/grain-marketing/grain-supply-and-demand-wasde