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  • #16
    corn may stumble around 3.86-7 area but if it can get thru there there'll be resistance at 3.95-$4 after that there's not much untill 4.25,it acts like it wants to go higher,next interesting chart is meal,sh19 has traded between304 and 320 for the last 2 months,there will be some rest @ 327 then 335 then 350,beans will follow meal higher,something seems to have shifted in commodity markets,path of least resistance seem to be higher,US$ appears to have topped long term and appears to want to go alot lower this is bullish commods longer term.weather in SA probably as much an influence presently as trade deal.I guess Im cautiously optimistic .
    Cattle failed to follow thru to the down side and are now higher,went to cattle sale fri @ft pierre,would call cash feeder sharply higher from 3 weeks ago,saw some 720# strs bring 170,did buy 28 bred hfrs sat for 1385,open hfrs fri brought that much go figure

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    • #17
      china is reported to have bot an additional 1mmt of beans and appear to be checking prices at to gulf and pnw for more,fund rebalancing is suppose to start tomorrow ,it is thought corn and wheat will be sold and beans bot,but a trade deal could change all that

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      • #18
        wasn't planning on sitting on corn in the elevator we picked right before christmas bbuuuttt didn't get it sold before the gov. went on shutdown, so no f s a loan guy to sign off on the checks..... so figured i mite see if i could gain a little since i couldn't bank the check till the gov opens for business. The loan end of things didn't get the extra week that the regular office workers had..... i didn't ask the right questions, lol

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        • #19
          well You have picked up a dime since x-mass so far so good

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          • #20
            In another sign china may want to end trade dispute they approved five new gmo varities for import and granted renewed approvals to 26 gmo varities

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            • #21
              where you located MinnyFarmer and welcome to the forum jump in anytime --Steffy we lost $.8 of that dime on corn this morning what"s up -------------------------dave

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              • #22
                did your basis change that much, corn is only down 2 cents,fund rebalancing starts today,it is thought funds will be selling corn and wheat and buy beans,I did sell some sh13 @9.23 today,bean yield in Brazil continues ti get lowered,cordo dropped it to 116,down 3 from last week with a lower bias going forward,there are rumors floating aroung that conab is going to be below 110mmt this week so not sure why beans are lower could be a buy the rumor sell the fact relating to china buying beans yesterday.
                Our ole buudy tas may have been right on sugar see it rallied over a $ the last 2 days

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                • #23
                  Tas was right on a lot of stuff Stef I was in the KC area yesterday and saw a lot of grain moving most ot the trucks I saw had had farm names on them most were running to a granary at Adrian MO they have three huge piles on the ground their and then another place a quarter to the north I would say every third or fourth on the interstate was a grain truck saw some anhydrases started but stopped for wet fields rents are due fertilizer is up diesel going up seed up chemical up new machinery up ?????? going to be interesting year-----------------------dave

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                  • #24
                    China gives long-awaited GM crop approvals amid U.S. trade talks
                    ------------------------OH BOY HERE WE GO ----------------------DAVE
                    BEIJING (Reuters) - China approved five genetically modified (GM) crops for import on Tuesday, the first in about 18 months in a move that could boost its overseas grains purchases and ease pressure from the United States to open its markets to more farm goods.
                    The United States is the world's biggest producer of GM crops, while China is the top importer of GM soybeans and canola.
                    U.S. farmers and global seed companies have long complained about Beijing's slow and unpredictable process for approving GM crops for import, stoking trade tensions between the world's two largest economies.
                    The approvals, announced on the agriculture ministry's website, were granted while a U.S. trade delegation is meeting with its counterparts in the Chinese capital this week.
                    "It's a goodwill gesture towards the resolution of the trade issue," said a China representative of a U.S. agricultural industry association.
                    "It's been in the system for a long time but they chose today to release this good news," he added, declining to be identified due to the sensitivity of the matter.
                    The approved products included DowDuPont Inc's DP4114 Qrome corn and DAS-44406-6 soybean, known as Enlist E3, as well as the SYHT0H2 soybean developed by Bayer CropScience and Syngenta but now held by German chemical company BASF.
                    The other two newly approved products - BASF's RF3 canola and Bayer-owned Monsanto's glyphosate-tolerant MON 88302 canola - had been waiting six years for permission.
                    The approvals came as farmers in North America were deciding which seeds to plant this spring. China before the trade war bought some 60 percent of U.S. soybeans and U.S. farmers do not widely plant varieties it has not approved.
                    The newly approved canola will allow farmers in Canada to boost production, according to Jim Everson, president of industry group the Canola Council.
                    "The industry expects growers will produce $400 million more canola every year using the same amount of land - a step-change for canola productivity," Everson said in a statement.
                    Five other products known to be seeking approvals were not given the green light, including two GM alfalfa products developed by Monsanto and two DowDuPont soybean traits.
                    Corteva Agriscience, the agriculture unit of DowDuPont, said, "We are happy to see the regulatory approval of our seed traits progressing in China."
                    Bayer said in a statement it welcomed the news but noted "many of these products were stuck in China’s regulatory process for many years and others were not granted approvals, underscoring the need for continued improvement in China’s regulatory processes."
                    Chinese officials met their U.S. counterparts in Beijing on Monday for the first face-to-face talks since U.S. President Donald Trump and Chinese President Xi Jinping agreed in December to a 90-day truce in a trade war that has roiled global markets.
                    China had not approved any GM crops for import since July 2017, when it cleared two products following high-level talks with Washington. It also approved two products in June 2017.
                    China's scientific advisory board on GM crops met in June but did not give the go-ahead for imports of any products.
                    "China's approval of the new GMO products is paving the way for China to import large volumes of U.S. soybeans in the future. It is a positive signal," said Li Qiang, chief analyst with Shanghai JC Intelligence Co Ltd.
                    The truce in the Sino-U.S. trade war prompted a resumption of U.S. soybean purchases. Buying had slumped after China imposed a 25 percent import duty on U.S. shipments of oilseed on July 6 in response to U.S. tariffs.

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                    • #25
                      Thanks Dave. I'm in SW Minnesota. Near Westbrook.

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                      • #26
                        grains gaining back yesterdays losses,and wheat adds to it's gains,over night egypt buys US wheat as it was lowest offer,beans/corn rebound from china/US talks ending on a positive note and weather still a concern in SA.if sh19 lose above 9.30 would think they make a try at old highs @9.41,cattle giving back some of their strong gains on profit taking,feb cattle had a new contract high and contract high close so would think breaks will be well supported

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                        • #27
                          another big southern storm coming in wheat here better have a rice trait in on it toast still a few beans fields to be cut conditioned has to be bad the weather they have taken 71 the other day birds were a singing now comes the deluge again river is already in flood stage-------------------------------------dave

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                          • #28
                            forgot to mention US$ sharply lower trading below95.looks like it wants to go lower,bullish commods long term energies look like they;ve bottomed any pull backs and one better cover fuel needs

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                            • #29
                              also higher fuel prices are supportive corn

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                              • #30
                                Went to a neighboring town yesterday and gas there was 1.87 a gallon. Can't remember the last time it was below 2 around here.

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