Markets Articles
Small Grains Summary
Published September 30, 2022
In USDA’s Small Grains Summary, U.S. wheat production was estimated at 1.65 billion bushels, an increase of one percent from last year. The area harvested for grain is at 35.5 million acres, down four percent from the previous year. Winter…Farmland is in High Demand
Published September 30, 2022
Farmland values in the region are continuing a trend that was seen last spring. Red River Land Company President Chris Griffin is seeing significant demand. "The farmers' cash positions are strong after good crops, government payments and the high commodity market." This…Traders Prepare for September Quarterly Stocks Report
Published September 30, 2022
Traders have been very cautious ahead of the September quarterly stocks report. Global Commodity Analytics and Consulting President Mike Zuzolo says the report could be a market mover. "The trade supports this. Soybeans are supposed to have a lower stocks…Drought Influences River Traffic
Published September 30, 2022
Portions of the Mississippi River between St. Louis and New Orleans are at record low levels. Nearly all of the Mississippi River Basin has experienced below-normal rainfall this summer. With the water so low, shippers have voluntarily cut down to…A Few Surprises in Hogs and Pigs Report
Published September 30, 2022
The supply of market hogs nationwide is tighter than had been expected. Those supplies were down 1.4 percent from pre-report estimates. The breeding herd inventory in the USDA quarterly hogs and pigs report was within trade expectations. The size of…FY ’23 Sugar Marketing Allocations Announced
Published September 29, 2022
USDA has announced sugar marketing allotments for Fiscal Year 2023. American Crystal Sugar Company is allocated 2.1 million short tons raw value. That’s an increase of 55,000 short ton from this year. Minn-Dak Farmers Co-op is allocated nearly 402,000 short…Construction Wraps Up for Milbank, SD RNG Project
Published September 29, 2022
Denver-based Biogest America has completed construction of an agricultural biogas plant near Milbank, South Dakota. This facility will collect cow manure from Boadwine Dairy and Mill Valley Dairy for energy production. Once completed, the biogas will be converted into renewable…NPPC Wants to Eliminate Kenyan Tariffs
Published September 28, 2022
The National Pork Producers Council urged U.S. trade negotiators to use the recently launched Strategic and Investment Partnership with Kenya to eliminate the county’s restrictions on U.S. pork imports. Kenya currently has a 25 percent duty that limits U.S. pork…Smithfield Settles Price Fixing Lawsuit
Published September 28, 2022
Smithfield Foods will pay $75 million to settle a price-fixing lawsuit. A federal court in Minneapolis still needs to approve the deal. Smithfield officials denied liability, but said it settled to avoid the risk and cost of litigation. In mid-September,…