End of commodity boom real reason for national anger

[Oliver88]

I heard a story of a farmer near us who left wet wheat on truck for it to dry. Yep, the truck burnt. Think insurance covers it?

I would assume so.

I wonder how tough the wheat was?

[sumdumguy]

Story is 19-20%. Probably greenish. 🤢

[chuckChuck]

chuckChuck . . . China's commodity boom lasted between 2008 to 2012 . . . it's been all downhill since then.

China's growth was skyrocketing around 14% annually in their heyday. Now China's growth is likely around 5%. China basically consumes 50% or more of global commodities. China's 2008 Olympics were their 'coming out party'. Inflation in commodities was brisk, times were good. That has now all changed . . . .

Thanks Errol. I appreciate your perspective.

[bucket]

chuckChuck . . . China's commodity boom lasted between 2008 to 2012 . . . it's been all downhill since then.

China's growth was skyrocketing around 14% annually in their heyday. Now China's growth is likely around 5%. China basically consumes 50% or more of global commodities. China's 2008 Olympics were their 'coming out party'. Inflation in commodities was brisk, times were good. That has now all changed . . . .

There is no reason Canada shouldn't be infilling markets caused by the drought in Australia....and there is no excuse given current ocean rates that Russia and the FSU are eating our lunch ...other than lack of a competent leader in this country and someone with vision and an understanding of how Canada fell behind....

Give us the sky is falling every day Errol and advise people of such.....there is a reason that vision lacks in this country....people with their head down have short vision of their feet....and they typically trip over dollars while looking for nickels....

[sawfly1]

We were due for this.
We had a good run , but our competition got their act together
While , we fiddled.

Not just Trudeau.,Harper sat on his ass too. Pipelines or Railroads. Nothing was done.

The only benefit of that
Lack of infrastructure,
Was there was so much money being
Made handling grain .
We had the mad rush building
Terminals.

There will be ups and downs in
Prices and demand.
But as a country , just like a
Farm , be ready.and Keep your costs in line.
So much for that one,
When 4 1/2 lb..s of seed cost as much as the land it is growing on.
( and this is just the beginning of seed control)

At least with the landlord
When things go to hell, the price will come down.
Good luck with that happening with 3 companies
Setting the price for seed.

[bucket]

Not just Trudeau.,Harper sat on his ass too. Pipelines or Railroads. Nothing was done.

Yup, Lisa Raitt couldn't get 50 thousand out of the railways and they ended up giving the railways a rubber stamped increase to move the grain into the next crop year....

[macdon02]

Hearing estimates that Chinese pork consumption dropped 30-40% due to high prices last half '19. Slaughterhouses are slowing the kill due to the risk of loss in this blow off top event. ASF is anything but contained. This is demand destruction through price rationing, meaning get ready for even less exports of grains. This isn't going to end nicely.

[bucket]

Hearing estimates that Chinese pork consumption dropped 30-40% due to high prices last half '19. Slaughterhouses are slowing the kill due to the risk of loss in this blow off top event. ASF is anything but contained. This is demand destruction through price rationing, meaning get ready for even less exports of grains. This isn't going to end nicely.

Pretty sad when the market could have been infilled with north american pork until the problem was contained in Asia ....good pork from North America would have solved the problem and moved as much grain to feed the pigs here...

Even Canada could have benefitted from export of pork to china....

Instead they look for price to destroy demand across the globe....no one wins...

[macdon02]

Pretty sad when the market could have been infilled with north american pork until the problem was contained in Asia ....good pork from North America would have solved the problem and moved as much grain to feed the pigs here...

Even Canada could have benefitted from export of pork to china....

Instead they look for price to destroy demand across the globe....no one wins...

They were trying that but there simply wasn't enough freezer containers to get that much pork across the ocean. Logistical issue more so then trade. Chinese govt is gonna try to limit inflation at 3% but they are gonna have real issues containing food prices. HK is just the tip of the civil unrest. People get pissy when food isn't cheap

[farmaholic]

They were trying that but there simply wasn't enough freezer containers to get that much pork across the ocean. Logistical issue more so then trade. Chinese govt is gonna try to limit inflation at 3% but they are gonna have real issues containing food prices. HK is just the tip of the civil unrest. People get pissy when food isn't cheap

You mean people don't stop eating in an economic recession? Who would have thought?!?!?!

[bucket]

They were trying that but there simply wasn't enough freezer containers to get that much pork across the ocean. Logistical issue more so then trade. Chinese govt is gonna try to limit inflation at 3% but they are gonna have real issues containing food prices. HK is just the tip of the civil unrest. People get pissy when food isn't cheap

There is a floating cow feedlot vessel to move cows to different parts of the world for slaughter or grazing....

Some are lost and thrown to the oceans fish to eat ....but maybe the fish eating them will develop shark fever according to some goofy group....


The solutions are there short term if looked for....but why bother....maybe send live fed pigs direct to the slaughterhouse in China?

[jazz]

500M pigs were euthanized to contain the virus. Thats the ones that were killed. natural deaths, who knows what the numbers are. Grain production down as well. Imports of soy likely to continue to rise.

Trump picked the perfect time to hammer these guys. Guess eating grass wasnt an option after you have tasted the good life. Wait until they have to defend their oil supply out of the gulf.

Trump is an amazing strategist. Without firing a shot he reset the globe like nothing.

[farming101]

Goes without saying that rationing would be needed.

China goes through 54 MMT of pork a year, about half of world consumption

[tweety]

https://business.financialpost.com/opinion/gwyn-morgan-trudeau-has-turned-our-most-economically-important-industry-into-a-pariah-a-tragedy-every-canadian-should-be-concerned-about

Didn't want to cut and paste.
Link to an article that explains it as well.

So you make everyone cut and paste the link instead? Click on the globe, add the address.

https://business.financialpost.com/opinion/gwyn-morgan-trudeau-has-turned-our-most-economically-important-industry-into-a-pariah-a-tragedy-every-canadian-should-be-concerned-about https://business.financialpost.com/opinion/gwyn-morgan-trudeau-has-turned-our-most-economically-important-industry-into-a-pariah-a-tragedy-every-canadian-should-be-concerned-about

[errolanderson]

So you make everyone cut and paste the link instead? Click on the globe, add the address.

https://business.financialpost.com/opinion/gwyn-morgan-trudeau-has-turned-our-most-economically-important-industry-into-a-pariah-a-tragedy-every-canadian-should-be-concerned-about https://business.financialpost.com/opinion/gwyn-morgan-trudeau-has-turned-our-most-economically-important-industry-into-a-pariah-a-tragedy-every-canadian-should-be-concerned-about

tweety . . . I can be a little stumped in the head, but I can't get my links to light up either. Have faithfully followed your directions. This forces me to piss you off and have a unlit link. Better solution may be for Agriville to look into a better system. Mind you, I can be fairly hopeless in these in these technological situations.