rain in the warmth but the tornadoes that are just really blowing the way entire farms at this point what we re going to see are some early retirements we re going to see some bankruptcies more bankruptcies and really we re going to be losing farmers we re seeing generations of farmers that are being blown off the land due to the changing conditions it s a big deal and on back to soybeans which christie alluded to in the intro bloomberg is reporting that state green producers in china are winding down these so-called goodwill purchases of usa sawyer exports since goodwill seems to now be in scarce supply in the u.s. china trade talks what s the outlook for u.s. soil exports and the world s oil market especially in light also of the continuing swine flu outbreak in china which is dampening demand for soya animal feed. look we re looking at almost double the amount of unsold soybeans for next year the the market looks pretty dire for a soirée and in fact just this morning chin
ease what should our viewers know about the situation and how serious is it. well it s been an extraordinary week in the problem with corn is only about a little more than half of it is in the ground now when in fact usually we re almost at 90 percent so there is just a tremendous amount of uncertainty plus added to the mix a lot of the short sellers are settling their position but the fact of the matter is this is a fairly serious situation and in fact there are about a 1000000 open futures contracts right now to the extent that chicago board has asked that people increase their margin requirements put some more money in when when people are asking for money it probably means it s a little bit serious the actual ramifications will ultimately be felt by the consumer next spring right in time for the elections. and you know fred more broadly what is or what will be the impact on ag markets of the extreme weather we ve been seeing that s been a factor here with the flooding. yo
size and quality of this year s harvest soybeans are still reeling due to the trade fight between washington and beijing and the swine fever epidemic that is affecting china s pickard which has in turn reduce demand globally for animal feed joining us now to discuss all things arab culture and food is fred kaufman author of the farm welcome back fred so 1st of all let s get your take on corn corn futures are up 14 percent for the month of may hitting a 3 year high at mid-week the wall street journal today cites figures from the agriculture department showing significant delays in corn planting while extreme weather related to climate change may hurt yields and flooding could tank grain areas what to our viewers know about the situation and how serious is it. well it s been an extraordinary week in the problem with corn is only about a little more than a half of it is in the ground now when in fact usually we re almost at 90 percent so there is just a tremendous amount of unce
The former Liberal Party staffer turned activist shared a video from the Women s Agenda on Wednesday, which announced that rallies are to be held across the country this weekend.
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