Back in 1925, farming was how nearly a third of the country made its living. If you weren’t a farmer, chances were good you knew somebody who was.
Now, not even 2% of Americans work directly in agriculture. There are a number of reasons for this.
But one of the biggest players is “smart” or high-tech farming and how it’s changed the face of the industry… right along with everyone connected with it.
Back in the early 1980s, a group of visionaries began pursuing what many considered a rather labor-intensive endeavor. They began working with wild plants to create perennial varieties of crops such as wheat, legumes or sorghum.
This led to the bigger question:
The US soybean producer is about to have its first major test of life in Tariffville. Short-term prices will be impacted significantly by weekly export shipments and sales. Typically soybean export shipments peak in Oct and Nov. In the chart above, week 60 on the X axis is Oct 15th. In prior years China was the major recipient, generally taking about 2/3rds of the shipments. Current sales bookings are 16 MMT, 1 MMT less than last year. It's likely the 2018/19 shipment line will be flatter than prior years as sales go to non-Chinese destinations, but the US needs to make hay while the discounts to South American beans are the greatest - that is now. A peak weekly pace of 2 MMT is our goal to support current prices.
International Agribusiness Group, LLC.
33533 West Twelve Mile, Suite 145
Farmington Hills, MI 48331
Find us on the Web:
© Copyright 2020 International Agribusiness Group, LLC. All Rights Reserved.