Markets Articles
Allendale Releases Crop Production Forecast
Published September 1, 2022
Allendale is forecasting a 14.1 billion bushel corn crop and a soybean crop of 4.4 billion bushels. That compares to USDA’ s latest estimate of 14.4 billion bushels for corn and 4.5 billion bushels for soybeans. Allendale is estimating corn…Export Sales Report Paused
Published September 1, 2022
USDA will not publish its weekly export sales report until mid-September at the earliest. The Agriculture Department pulled the report last week after a technical problem caused uncertainty in the markets. USDA plans to revert to its ‘legacy’ system will…‘Anxious’
Published August 30, 2022
The water came up this spring in the Stephen, Minnesota area and was one of the longest lasting floods in memory. Alex Anderson leads a Pioneer seed agency called Eagle Point Ag and says late planting and Prevented Plant was…Sunflower Contract Prices Begin to Surface
Published August 30, 2022
Contracts for 2023 sunflower production have started to roll out at the crush plants. The National Sunflower Association says that is earlier than normal. NuSun is in a range of $23.50-to-$25.75 per hundredweight and high oleics at $26-to-$26.75.Tyson Plant Suspended From Exporting Pork to China
Published August 30, 2022
China has suspended a Tyson pork processing plant in Indiana from its list of eligible suppliers. The reason for this suspension has not been confirmed. In a statement, Tyson officials said the company is confident the U.S. and Chinese governments…What’s Hot, What’s Not in the Markets
Published August 29, 2022
In this week's edition of What's Hot, What's Not in the Markets, Martinson Ag Risk Management President Randy Martinson looks at the Pro Farmer Tour's impact on corn markets. "The final yield cut production by 641 million bushels. That's extremely…‘Wow!’
Published August 28, 2022
Martinson Ag Risk Management President Randy Martinson had a one-word reaction to the Pro Farmer Crop Tour results. "Wow!" Yield estimates in major Midwestern states were drastically lower than the latest USDA forecasts. In the Agweek Market Wrap, Martinson told…Risk Factors Continue to Grow
Published August 28, 2022
The newest Kansas City Fed report states ag credit conditions remain strong through the second quarter, but risk factors continue to grow. Kansas City Federal Reserve Vice President Nate Kauffman says commodity prices and input costs are just some of…Export Sales Woes
Published August 28, 2022
USDA changed to a new export sales reporting system and that is causing a lot of uncertainty in the export sales report numbers. Midwest Market Solutions President Brian Hoops is frustrated. "You don't know if you can trust the new…