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S&W Seed Company (SANW)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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1.0400+0.0300 (+2.97%)
At close: 04:00PM EDT
1.0400 0.00 (0.00%)
After hours: 06:37PM EDT
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  • W
    Wooden
    I’m not having fun.
  • E
    Eugene
    Earnings call was positive, imo. Camelia business has potential. Push for biofuels not going away anytime soon - a dynamic shift based on the attitudes of a different generation of investors, both institutional and retail, agree or not. The ag industry is changing, quite rapidly, given ESG and inflation, which is here to stay and which will keep fossil fuel prices at elevated levels for the foreseeable future, imo. Management posturing itself for this ongoing slow but unavoidable seismic shift. Camelia production is in the development stage, but revenue expectations, in the 80 to 90 million range, FY 2022 I believe, does not include this potential income stream, a few years out from what I glean, but neither does it include bottlenecks in the supply chain currently effecting its other products reaching its intended market, which, over time, should be alleviated as the global economy opens up and Fed tightening policy reverses in the weeks and months ahead. jmho. I took a small speculative position today because, again, the ag industry is experiencing significant challenges/changes and will be for some time in my view. glta.
    Bullish
  • P
    Paula
    Per Yahoo Insiders: Insiders purchased 9.9% of SANW shares during the last six months.
  • P
    Paula
    Investors in agrcultural shares may find Cubic Farm Systems Corp. of interest. CUBXF.
    Royce Value Trust (has 950,000 shares) and Royce Microcap Trust (has 400,000 shares) are owners, per Yahoo Holders.
  • J
    JR McGillicudy
    Where the heck is Michael Price?

    He still the largest shareholder by far and clearly has enormous influence on the lack of earnings visibility.
    Bullish
  • t
    tom
    Will they go bankrupt
  • E
    Eugene
    Selling is drying up, a positive development, but absent the necessary buying to more than offset the quantity of supply of stock for sale, well, price will continue to decline. At least a reversal will be easily recognizable by simply observing the recent pricing pattern. Keeping my eye on this one as food production concerns remain an issue globally.
    Neutral
  • P
    Paula
    Per J3SG's report for 3-31-22, MFP - the late Michael F. Price's investment company, bought 5,500 more shares of SANW. This purchase brought its total shares to 52.162% of SANW.
  • M
    Michael
    Hmmm, they did sell more shares last month.
  • M
    Michael
    Time for Mark to go.
  • M
    Michael
    Sigh... <$1 soon.
  • M
    Michael
    Share price will dip below $1.
  • E
    Eugene
    Nice rally today in this purported equity bear market, yet this stock is still unable to attract enough demand to get a close in the green. A smidgen would have been satisfactory, but I will keep a close eye on the potential turnaround possibilities given the enormous challenges that the farming industry is faced with and the green revolution that will not be going away anytime soon.
    Bullish
  • E
    Eugene
    The trading volume of this stock has been huge during the last two months. So has the downside price move. Lot of new owners is one takeaway.
  • M
    Michael
    Well some news out about preliminary talks to maybe do joint venture. Not terribly impressed but hey the bots have the stock 15% this morning!
  • W
    Wooden
    In danger of delisting?
  • M
    Michael
    Earnings a week from today.
  • M
    Michael
    Under book value.
  • B
    Bellstreetboy
    Found it interesting that MFP Investors (Michael Price estate now) actually bought a small amount of shares yesterday. I believe they are signaling they are not sellers.
  • B
    Bellstreetboy
    More great sorghum news

    CROP PRODUCTION
    New Crop Sorghum Surpasses $5 as U.S. Weekly Sorghum Exports Shatter Records

    sorghum-field
    sorghum-field
    By TYNE MORGAN April 16, 2021
    As U.S. farmers finalize 2021 planting plans, sorghum is still vying for acres. U.S. sorghum growers are enjoying not only a strong basis, but new crop prices above $5 as the hunger for U.S. sorghum hasn’t waned.
    Just this week, USDA confirmed U.S. sorghum shattered records last week, with a total of 33.9 million bushels of purchases. Driven by the top buyer of China, the total smashed the previous record set in August 2020 by 10 million bushels.
    “U.S. sorghum exports continue to signal very strong demand for our crop, and new purchases at this level only reaffirm that,” says Tim Lust, CEO of the National Sorghum Producers (NSP). “The size of shipments reported this last week is equivalent to the size of approximately 10 to 12 Panamax vessels.”

    NSP says China’s buying hasn’t just been on old crop, but strong new crop sales are a new turn of events for sorghum producers. NSP says new crop purchases of U.S. sorghum for this point in the marketing year are also at a record level, reaching 40 million bushels this past week. That’s a 264% increase from the previous record set in 2014.
    "I think on the High Plains, what we're seeing is a bid for acreage," says Wayne Cleveland, executive director to the Texas Sorghum Association. "We have some folks anywhere between $1 to $2 over the futures, which is really kind of unheard of on the Plains. It's buying acres. Talking to our growers kind of the irony of what's going on in the valley, which the bid yesterday in the valley was $1.30 over. But the irony is that's new crop. There's no old crop left, I think last week sales report, we saw that China basically bought ever kernel of grain sorghum that was left out there at 26 million bushels. So all crop is over with in Texas, everybody's clearly focused on the new crop."
    “This is the strongest new crop demand we have ever seen at this time in the season,” says Lust. “Availability is so scarce that the sorghum crop being planted now is being marketed at the same time, and farmers have not even started planting in Kansas yet. This sends a strong demand signal to U.S. sorghum producers from our international customers, and we look forward to getting the 2021 crop in the ground.”

    acres
    The 2021 acreage debate is far from over, and last-minute acreage decisions are possible. USDA showed in its March Prospective Plantings report that U.S. farmers intend to plant 6.9 million acres of sorghum in 2021, which is more than 1 million acres above the 2020 total.
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