Markets Articles
Odessa Bombing Complicates Grain Deal
Published July 25, 2022
One day after a deal was made to resume grain exports out of Ukraine, Russian missiles struck the Port of Odessa. Ukrainian President Zelensky described the attack as ‘barbarism’ and Russia should not be trusted. U.S. Agency for International Development…Blockade for Port of Oakland
Published July 22, 2022
A key hub for U.S. agricultural trade has been shut down with independent truckers blocking traffic at the Port of Oakland. The truckers are protesting California’s new labor law called AB5. Protesters are saying AB5 threatens their ability to do…Putin Considers Lifting Blockade
Published July 21, 2022
Russian President Vladimir Putin is willing to facilitate Ukrainian grain shipments out of the Black Sea if one condition is met. He wants Western countries to lift sanctions against Russian grain exports. Putin met with the Turkish president to discuss…Grain Markets Trade Lower Tuesday
Published July 19, 2022
Summit Commodities market analyst Tim Marsh says there are a number of factors dragging down the grain markets on Tuesday. "One would be the potential agreement between the Russians and Ukrainians to open up export corridors through the Black Sea,"…Egypt Cancels Wheat Tender
Published July 19, 2022
Egypt's state grain buyer, the General Authority for Supply Commodities, cancelled its international tender for wheat, stating the offer prices were more expensive than expected. Egypt lowered protein levels for the tender and the United States was hoping to make…What’s Hot, What’s Not in the Markets
Published July 18, 2022
In this week's edition of What's Hot, What's Not in the Markets, Martinson Ag Risk Management President Randy Martinson says the soybean market has unexpectedly seen some strength. "Weather is the main driver." Outside markets, including copper and lumber, have…Fielding Questions: Nervous Grain Markets
Published July 18, 2022
Money managers continue to pull money out of the commodity markets. "We've been so focused on what else is going on. There's a three-quarters of a percentage point interest rate hike in June. More is expected," says Katie Tangen, market…USDA Forecasting Average Spring Wheat Crop for ND
Published July 18, 2022
During an NDSU Extension monthly ag markets webinar, Extension Crops Economist Frayne Olson reviewed the USDA Supply and Demand Report. Olson says there were no major surprises. "We got new information about spring planted wheat. The size of the projected…Strange Commodity Markets
Published July 18, 2022
The grain market action is acting strange. AgriSompo North America market analyst Sterling Smith says there are several factors playing into the situation. "The producer price index did not bring great news. People were hoping the month-over-month number would ease…