HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Places » U.S. » South Dakota (Group) » Crop experts: Big harvest...

Tue Oct 9, 2018, 09:30 PM

Crop experts: Big harvests, low prices mean more SD grain will be stored; safety concerns

Farmers and other crop watchers say more of this yearís big corn and soybean crops will probably be stored in bins instead of quickly sent to markets overseas.

Tough talk on trade and tariffs by President Donald Trump as well as some foreign leaders has hurt prices to farmers in recent months and maybe closed off some key markets, farm leaders have told the Capital Journal.

Think China shops and bulls.

Where China shops affects markets near and far, because itís, one of the biggest customers for U.S. farm products.

South Dakota farmers have gone, in a relatively few years, from being known mostly for wheat, to planting two-thirds of their acres to corn and soybeans.

Read more: https://www.capjournal.com/news/crop-experts-big-harvests-low-prices-mean-more-sd-grain/article_937763d0-cb6a-11e8-8596-072e15335ab8.html

4 replies, 360 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 4 replies Author Time Post
Reply Crop experts: Big harvests, low prices mean more SD grain will be stored; safety concerns (Original post)
TexasTowelie Oct 2018 OP
Grasswire2 Oct 2018 #1
Wellstone ruled Oct 2018 #2
TexasTowelie Oct 2018 #3
Wellstone ruled Oct 2018 #4

Response to TexasTowelie (Original post)

Tue Oct 9, 2018, 09:35 PM

1. it's my understanding that beef and pork is overstocked now because of tariffs

....and I think I am seeing that reflected in pork prices. Thick center cut chops at $3.29 a pound the other day. No hormones or antibiotics.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to TexasTowelie (Original post)

Tue Oct 9, 2018, 09:42 PM

2. This story bears watching.

Only market available is this,Corn going to Ethenol and beans going to Crushers. Well guess what The Bean crushers are not buying,waiting for price collapse. Have we seen this before,yes. Ethenol Plants loaded up with old crop el cheapo corn . Guess what,price collapse is happening as we write. And yes we have seen this before. All the 15% Ethenol blending Gas won't help this nightmare for those Trump Farmers.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Wellstone ruled (Reply #2)

Tue Oct 9, 2018, 09:48 PM

3. As you sow so shall you reap

is quite literal for those that voted for Trump and his policies.

It is going to get interesting monitoring for grain elevator accidents over the next several months. With more grain being stored and less regulatory oversight it adds up to a disaster in the making.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to TexasTowelie (Reply #3)

Tue Oct 9, 2018, 09:56 PM

4. Hate to say this,especially in South Dakota.

Worst Worker Comp rules and reg's in the upper Midwest. Max payout for a injury is some where in and around 15k. On the job inspections rarely happen and only after the target has plenty of notice.

Some of the Grain Bins in use are forty to fifty years old and some older than that. Yes,there was a huge Bin Building by some farmers three years ago,and that was because of fifteen dollar Beans and Ten dollar Corn. Oh btw,loans were available at 0% to 2% at that time. The two major Bin Companies were carrying the paper just to keep their Sub Contractors busy. And the bulk of the build out was replacement of Tornado damaged Bins and Bin sites.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread