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DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!

 
Don Draper from Nantucket
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11/23/2019 10:47 PM

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DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
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The most delayed U.S. corn harvest on record is resulting in chaos for traditional commodity trade routes.

Corn usually is harvested in the midwest, before it is sent south to be exported, according to Bloomberg. But because farmers in the east, hurt by a spring-time deluge, are holding back on supplies in hope of higher prices, the commodity's price has been pushed higher than the futures market in east - while it remains lower than the futures market in the west. It's a phenomenon known as "basis arbitrage".

The result? Corn is now starting to be shipped "over Chicago": from the west, to supply corn processors, ethanol plants or animal-feed makers in the east.

Dan Basse, president of consulting firm AgResource said: “Corn from the west going to east? It should happen at some point but it’s not the way the U.S. market is set up to transport. If basis is strong enough, we will get that pull into Ohio.”
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The Rolling Stones said it best...

"What's confusing you is the nature of my game"
bigD111

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11/23/2019 10:51 PM

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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
This has been the worst year for agriculture in this country that I have ever seen! There's going to be a lot of bankruptcies!
deplorably republican
Don Draper from Nantucket  (OP)

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11/23/2019 10:58 PM

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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
This has been the worst year for agriculture in this country that I have ever seen! There's going to be a lot of bankruptcies!
 Quoting: bigD111


My sister in law lost her dairy farm a couple years ago in Michigan, she's now in Iowa making another go but some of the things she has been telling us will undoubtedly result in things getting much worse before getting any better......sigh
PLATA BITCHEZZZZZZ

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The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Don Draper from Nantucket  (OP)

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11/23/2019 11:04 PM

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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
A $28 billion government bailout has helped growers with their falling income due to the ongoing trade war, but getting farmers to sell crops remains difficult. Corn prices have been under pressure after crops survived a record spring rain better than expected. Large corn bases for the season have also hurt export earnings, as "outstanding sales for U.S. corn exports so far in the 2019-2020 season are trailing the year earlier pace by 32%, government data show."
PLATA BITCHEZZZZZZ

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The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Icey

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11/23/2019 11:22 PM
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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
"DELAYED"
epiclol
I am SNOWIE. WELCOME TO THE NEW ICE AGE. TRY NOT TO STARVE.
Don Draper from Nantucket  (OP)

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11/24/2019 01:01 AM

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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
"DELAYED"
epiclol
 Quoting: Icey


Quite the understatement eh?
PLATA BITCHEZZZZZZ

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The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Don Draper from Nantucket  (OP)

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11/24/2019 08:03 AM

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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
bump
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The Rolling Stones said it best...

"What's confusing you is the nature of my game"
beeches

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11/24/2019 08:11 AM

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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
commoncorn
Liberalism is totalitarianism with a human face – Thomas Sowell
Anonymous Coward
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11/24/2019 08:20 AM
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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
YUP

Q talked about the HARVEST
Anonymous Coward
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11/24/2019 08:26 AM
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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
This has been the worst year for agriculture in this country that I have ever seen! There's going to be a lot of bankruptcies!
 Quoting: bigD111


Many links up for weeks about farms going bankrupt

I don’t post because of shit bag shills


Idol1
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11/24/2019 08:27 AM
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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
Many fields in my area didn’t make it

Standing there dead

Just couldn’t harvest it

Didn’t even mature
Anonymous Coward
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11/24/2019 08:29 AM
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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
This has been the worst year for agriculture in this country that I have ever seen! There's going to be a lot of bankruptcies!
 Quoting: bigD111


My sister in law lost her dairy farm a couple years ago in Michigan, she's now in Iowa making another go but some of the things she has been telling us will undoubtedly result in things getting much worse before getting any better......sigh
 Quoting: Don Draper from Nantucket


At least she got out of Michigan

Economic hell hole

Run for your life
Anonymous Coward
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11/24/2019 08:29 AM
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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
The propane shortage is the big deal. I predicted it back in late April and early May, before seed was in the ground. Farmers can not dry their corn/soy without propane. 8 States have declared Executive Orders. They can not move the propane fast enough.

MAGA
Anonymous Coward
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11/24/2019 08:30 AM
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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
Shit bag shills

Fucking up everything

The reward of the wicked is coming

God saw it all
MissCleo

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11/24/2019 08:30 AM

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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
On another thread: farmers are finding black stalks when they are harvesting... corn crop fails.

Domino effect to follow.
Anonymous Coward
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11/24/2019 08:31 AM
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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
On another thread: farmers are finding black stalks when they are harvesting... corn crop fails.

Domino effect to follow.
 Quoting: MissCleo


We knew this was coming

It was obvious once Nebraska was a pond
MissCleo

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11/24/2019 08:33 AM

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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
The burger king veggie burgers are in place because the cows aren't going to be producing as much meat without the corn filler feed this coming year.

It's not a secret that we are in deep doo-doo.

Famine is the #1 killer in the world. Good news is that we can spare about 5 billion humans.
Anonymous Coward
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11/24/2019 08:33 AM
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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
Thread: A warning to all of you who are living comfortable lives.

Remember where all good things come from
MissCleo

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11/24/2019 08:33 AM

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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
On another thread: farmers are finding black stalks when they are harvesting... corn crop fails.

Domino effect to follow.
 Quoting: MissCleo


We knew this was coming

It was obvious once Nebraska was a pond
 Quoting: Anonymous Coward 77778226


Yes!
Smart ones are prepared.
Anonymous Coward
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11/24/2019 08:36 AM
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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
Not to be disrespectful or argumentative but isn’t it better that the distribution of this gmo corn be minimized?

z
Don Draper from Nantucket  (OP)

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11/24/2019 08:37 AM

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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
This has been the worst year for agriculture in this country that I have ever seen! There's going to be a lot of bankruptcies!
 Quoting: bigD111


Many links up for weeks about farms going bankrupt

I don’t post because of shit bag shills


Idol1
 Quoting: Anonymous Coward 77778226


Just have to smile and wave boys.....smile and wave!

In a time of universal deceit, telling the truth is a revolutionary act!

yoda
PLATA BITCHEZZZZZZ

UPGRADE UNAVAILABLE

The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
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11/24/2019 08:38 AM
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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
This has been the worst year for agriculture in this country that I have ever seen! There's going to be a lot of bankruptcies!
 Quoting: bigD111


Many links up for weeks about farms going bankrupt

I don’t post because of shit bag shills


Idol1
 Quoting: Anonymous Coward 77778226


Just have to smile and wave boys.....smile and wave!

In a time of universal deceit, telling the truth is a revolutionary act!

yoda
 Quoting: Don Draper from Nantucket


Indeed it is

Indeed it is...
Don Draper from Nantucket  (OP)

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11/24/2019 08:41 AM

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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
The burger king veggie burgers are in place because the cows aren't going to be producing as much meat without the corn filler feed this coming year.

It's not a secret that we are in deep doo-doo.

Famine is the #1 killer in the world. Good news is that we can spare about 5 billion humans.
 Quoting: MissCleo




Unfortunately that is
dragnet-facts45
PLATA BITCHEZZZZZZ

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The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
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11/24/2019 09:25 AM
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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
This has been the worst year for agriculture in this country that I have ever seen! There's going to be a lot of bankruptcies!
 Quoting: bigD111


And its all the worst crops being affected. Canola, wheat, and corn and soy. Muggle food.
Anonymous Coward
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11/24/2019 09:26 AM
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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
Shit bag shills

Fucking up everything

The reward of the wicked is coming

God saw it all
 Quoting: Anonymous Coward 77778226


?????????????????????????????????

?????????????????????????????????

???????????????????????????????

This has to do with corn harvest HOW???????????????
Anonymous Coward
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Romania
11/24/2019 09:36 AM
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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
I dont eat corn. Im sure many Conservatives will be begging for welfare handouts from the deep state.
Anonymous Coward
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11/24/2019 09:37 AM
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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
[link to www.zerohedge.com (secure)]


The most delayed U.S. corn harvest on record is resulting in chaos for traditional commodity trade routes.

Corn usually is harvested in the midwest, before it is sent south to be exported, according to Bloomberg. But because farmers in the east, hurt by a spring-time deluge, are holding back on supplies in hope of higher prices, the commodity's price has been pushed higher than the futures market in east - while it remains lower than the futures market in the west. It's a phenomenon known as "basis arbitrage".

The result? Corn is now starting to be shipped "over Chicago": from the west, to supply corn processors, ethanol plants or animal-feed makers in the east.

Dan Basse, president of consulting firm AgResource said: “Corn from the west going to east? It should happen at some point but it’s not the way the U.S. market is set up to transport. If basis is strong enough, we will get that pull into Ohio.”
 Quoting: Don Draper from Nantucket


ummmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm its all been harvested. or is this coming across the pony express. living surronded by corn fields that are just stuble.
Don Draper from Nantucket  (OP)

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11/24/2019 09:38 AM

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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
Shit bag shills

Fucking up everything

The reward of the wicked is coming

God saw it all
 Quoting: Anonymous Coward 77778226


?????????????????????????????????

?????????????????????????????????

???????????????????????????????

This has to do with corn harvest HOW???????????????
 Quoting: ALL IS ONE IS ALL


clappa
PLATA BITCHEZZZZZZ

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The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
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11/24/2019 09:38 AM
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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
""holding back on supplies"" created doom!
Anonymous Coward
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11/24/2019 09:40 AM
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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
Some of those farmers may be holding back selling to have seed for next year.
I'm still waiting on a final report.the losses I've read have been vague and in the 10% range.i highly doubt that.the rain was horrendous.
Anonymous Coward
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11/24/2019 09:44 AM
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Re: DELAYED US CORN HARVEST resulting in CHAOS for trade routes!!
This has been the worst year for agriculture in this country that I have ever seen! There's going to be a lot of bankruptcies!
 Quoting: bigD111


My sister in law lost her dairy farm a couple years ago in Michigan, she's now in Iowa making another go but some of the things she has been telling us will undoubtedly result in things getting much worse before getting any better......sigh
 Quoting: Don Draper from Nantucket


she might have had to give it up when a considerable amount of the population started shitting thier pant from dairy overnight a few years back. im lactose intolerant.......now. hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm​mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm​mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm​mmmmmmmmm





GLP