Markets Articles
WTO Predicts Trade Downturn
Published October 6, 2022
The World Trade Organization is forecasting a significant decline in global trade growth next year. Growth is forecast at one percent, compared to a previous estimate of 3.4 percent. The WTO director-general urged member-countries to avoid trade restrictions to counter…Look at the Big Picture
Published October 5, 2022
Brock and Associates President Richard Brock says the markets have more to worry about than fuel prices. "In the soy complex, many people are tied up as true believers in the renewable diesel market; more soy crush plants will come…Mississippi River Slowdown Not Having Big Impact on Local Basis Yet
Published October 5, 2022
Widening basis at the Mississippi River has not made a big impact on basis for the six grain elevators followed by the Red River Farm Network yet. Spring wheat basis is mostly unchanged from last week ranging from 50 to…Drought Hampers Barge Movement
Published October 5, 2022
The river shipping system is being plagued by low water on the Lower Mississippi River. "The water is so low in some spots they're not able to take barges tied together three wide, they're having to go down to two,"…Egyptian Wheat Mills Shut Down
Published October 5, 2022
Due to a dollar shortage, Egyptian importers have been unable to pay for wheat that is stuck in their ports. A total of 700,000 tons of wheat has not been released by customs. With this wheat unavailable, 80 percent of…Delaney Takes DC Job With Walmart
Published October 5, 2022
Patrick Delaney is the new director of federal government affairs for Walmart. Delaney has been the director of external affairs for the Senate Agriculture Committee. Before that, he was the communications director when Minnesota Congressman Collin Peterson chaired the House…NDGDA Testifies Before Surface Transportation Board
Published October 4, 2022
North Dakota Grain Dealers Association Past President Mark Hovland testified before the Surface Transportation Board in favor of the Canadian Pacific-Kansas City Southern merger. "Freight rates in North Dakota are some of the highest in the country when compared to similar…Pricing the 2023 Crop
Published October 4, 2022
Advance Trading Risk Management Advisor Tommy Grisafi said farmers seem to be reluctant to protect themselves by pricing the 2023 crop. "The price you're getting now is much higher than the price you'll get in a year so it tricks…Renewable Diesel Demand Driving Soy Crush Expansion
Published October 3, 2022
The U.S. has the capacity to crush 2.2 billion bushels of soybeans each year. With new facilities being built across the country, Rabobank Senior Grains and Oilseed Analyst Owen Wagner says crush capacity is expected to grow 30 percent in…