Markets Articles
Contract Expires for Dockworkers
Published July 4, 2022
Contract negotiations between the Pacific Maritime Association and 20,000 union dockworkers are continuing. The previous contract expired Friday, but both sides said they are committed to keep cargo moving during this time of supply chain headaches. Meanwhile, more than 150…Stolen Grain Confiscated by Turkey
Published July 4, 2022
A Russian cargo ship has been detained by Turkish customs officials. Ukraine’s ambassador to Turkey said Russia stole this grain shipment from Ukraine. An investigation is underway.Grain Market Sells Off After USDA Report
Published July 3, 2022
Bower Trading market analyst Ben Kasch says a wetter weather forecast started the sell off. "This is an important time for crop production and it was a very interesting end to June. There's been a risk-off mode for the funds."…A Weak Export Sales Report
Published July 3, 2022
Demand concerns continue for the grain markets as exports slow. Van Ahn and Company market analyst Kristi Van Ahn says Thursday’s export sales report was dismal. "I'm concerned we're deteriorating demand right now. We've had poor export sales for the…Quarterly Stocks Report Released
Published July 3, 2022
USDA's Quarterly Stocks report estimated corn supplies on June 1 at 4.3 billion bushels, six percent more than one year ago. Of the total, more than two billion bushels are stored on farm. Soybean stocks totaled 971 million bushels. That's…West Coast Port Workers Contract Expires Tonight
Published July 1, 2022
The labor agreement between West Coast shippers and dockworkers is set to expire tonight, further increasing the logistical headache for agriculture. In June, the two sides told Biden administration officials they were committed to the negotiations process and would try…More Corn, Fewer Soybean Acres
Published June 30, 2022
According to the USDA's June acreage survey, U.S. farmers planted 89.9 million acres of corn this year. That’s down from 93.3 million last year, but slightly more than 89.5 million acres estimated in March. Soybean acres are estimated at 88.3…Little Change in Swine Numbers
Published June 30, 2022
In the USDA Hogs and Pigs Report, all three major categories were very close to pre-report expectations. The total swine inventory was down one percent from one year ago. The breeding herd supply is down one percent from one year…Grain Trade Pre-Positions Ahead of USDA Reports
Published June 29, 2022
Bolt Marketing market analyst DuWayne Bosse says it will be a big day. "If you change acres, you drastically change the ending stocks. If you change yields, you don't change it as much," explains Bosse. "It is a huge report,…