Ag Business Articles
A Lot to Like in the WASDE Report
Published October 12, 2023
There was a lot of supportive news in the October supply/demand report, according to Naomi Blohm, senior market advisor, Total Farm Marketing. “I think the market had been pricing in so much negativity, we were oversold on charts and the…North Dakotan Joins ABA Board
Published October 12, 2023
North Dakota Bankers Association President and CEO Rick Clayburgh has been appointed to the American Bankers Association board of directors. Clayburgh is the vice chair of the ABA State Bankers Association Alliance.Register for NCI Market Outlook Webinar
Published October 12, 2023
The Northern Crops Institute is hosting a market update webinar on Wednesday at 8 AM. This webinar will feature Matt Ammermann, Commodity Risk Manager/Vice President of Eastern Europe/Black Sea Region, StoneX Financial Inc. Ammermann will discuss the World Agricultural Supply…One More Interest Rate Bump Before the End of ’23
Published October 12, 2023
The minutes from the Federal Open Market Committee’s September meeting showed conflicting ideas about future interest rate hikes. Two-thirds of the committee indicated one more increase would be needed before the end of the year. Since March of 2022, the…River Levels Plummet, Concerns Rise
Published October 12, 2023
Mississippi River water levels at Memphis reached a record low of minus 11.5 feet this past week. The low water levels have disrupted barge traffic on the river. When the drought dropped river levels last year, the lowest elevation was…Bioproducts Lab Opens at SDSU
Published October 12, 2023
POET, South Dakota State University and South Dakota Mines have opened the new POET Bioproducts Center at Brookings. This facility will focus on the next generation of bioproducts. This site will be operated by a public-private partnership called Dakota BioWorx.…Epitome Energy Expected to Begin Construction in the Spring
Published October 12, 2023
Epitome Energy hopes to have its financing in place by the end of the year for its proposed soybean crush plant in Grand Forks. In a meeting with the Grand Forks City Council, Epitome CEO Dennis Egan said activity is…Consumers Say Animal Diet is Important to Decision-Making Process
Published October 11, 2023
A new survey commissioned by the United Soybean Board found 77 percent of consumers are more likely to purchase meat if it is raised and fed by U.S. farmers. If the animal is born, bred and raised in the U.S.,…Interest Rates and Strong U.S. Dollar Pressures Ag Economy
Published October 11, 2023
The combination of high interest rates and a strong U.S. dollar is having a significant impact on the farm economy. According to the new quarterly report from the CoBank Knowledge Exchange, the United States is also facing sizable export competition…