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Strathcona, mn | There are some cattle guys locally. They are tough sob’s…. -40 actual temp and nothing works! Most here are cow/calf guys as cattle don’t gain well when they need to burn excess calories just to stay warm. Wheat hasn’t worked well for the last couple of decades up here. Corn is getting more popular but we aren’t set up the greatest for corn infrastructure, no end users locally. Our biggest problem right now is 9/10 beams go to the pnw”Pacific Northwest” for export. Out of those 9 beans roughly 7-8 of them have went to China the last 15 years. We lived this same scenario when the Bakker exploded and the oil was out competing beans for space on rail. Basis crashed and sucked for those years. Since then oil shipments via rail have declined due to pipelines coming on board. A crap pile of money has been spent on shuttle loading and rail improvements to get beans loaded fast and to the west coast. Our marketing year moves 75% of our beans out of this area by the end of March as that is when sa beans get harvested and come onto the world market. After March our export numbers decline substantially. Our problem this year is their is no export of new crop beans off the pnw. Other than a few elevators making ground piles most west of me are no bid for beans. For those that do not understand what that is that means there is no price, period. Once their piles are full they have stated that they will go no bid also. Usually we would see basis improvement into Jan/feb but that doesn’t seem to be happening this year. We do not ship beams well to the south. Our system is not designed to handle the volumes pushing beans into the central corn belt. I can not load a truck and drive 500+ miles to find a better bid. Without the pnw bid we will suffer on beans, period. Beans have proven a good rotation crop and will grow well up here, thus the explosion of acres as shirt season and variety improvements have continued. As all of the resistant weeds have migrated north the profitability of growing beans is getting challenged. Seed technology and herbicides are eating up a huge chunk of the profitability of beans now. I do not see that changing any time soon. | |
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Location with bad soybean basis?
