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Message
re: ‘Trump is ruining our markets’: Struggling farmers are losing a huge customer- China
Posted on 8/12/19 at 12:47 pm to I B Freeman
Posted on 8/12/19 at 12:47 pm to I B Freeman
Soybeans one day will be a profitable crop for US farmers but there will be a lot less US acres if this trade war continues.
3
Posted on 8/12/19 at 12:47 pm to I B Freeman
quote:
Soybeans one day will be a profitable crop for US farmers but there will be a lot less US acres if this trade war continues.
Posted on 8/12/19 at 1:07 pm to I B Freeman
Acres have decreased but the immediate effect is going to be the loss of small acreage farmers who can't afford to increase efficiency with modern practices. That's not necessarily a bad thing.
Posted on 8/12/19 at 1:34 pm to I B Freeman
quote:
Soybeans one day will be a profitable crop for US farmers but there will be a lot less US acres if this trade war continues.
You do know that farmers can plant different crops?
quote:LINK
The combination of a weather-related planting delay, lower-than-forecast crop yields, and the probability of fall frost could conspire to produce double-digit gains in futures prices. “I think we could see a rally to new highs by the end of the year,” says Shawn Hackett, president of Boca Raton, Fla.–based Hackett Financial Advisors. Corn futures prices could reach $5 a bushel by year end, or about 12% higher than their recent $4.1175, Hackett says. But they may go even higher.
If corn prices get back in the $5 range then farmers are not going to give a shite about soybeans.
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