Markets Articles
Brazil Turns to Russia for Fuel
Published July 12, 2022
According to Brazilian President Jair Bolsonaro, negotiations are underway for his country to purchase diesel fuel from Russia. Bolsonaro said the fuel will be much cheaper than what is available in his country today and the first shipments should arrive…What’s Hot, What’s Not in the Markets
Published July 11, 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 latest 6-10 day and 8-14 day forecasts are calling for hot, dry conditions in the Cornbelt. That will coincide…Market Downturn is Overdone
Published July 9, 2022
USDA will release its July supply and demand report Tuesday. AgriSompo North America market analyst Sterling Smith expects a tight balance sheet. "I did my balance sheets, trying to predict the future and the soybean ending stocks number was noticeably…Agriculture Squeezed by Fuel Costs
Published July 9, 2022
Diesel prices are more than twice the level paid before 2020. American Farm Bureau Federation Economist Shelby Myers says supply and demand are playing catch-up after world disruptions. "What makes this situation more difficult this year is that the U.S.…Tough Decisions Needed
Published July 9, 2022
Utterback Marketing President Bob Utterback thinks hedging next year’s crop will be difficult. "A lot of guys are suggesting to me that the cost of production is going to be well above $5 (per bushel) and with any type of…Market Mindset
Published July 8, 2022
During a Minnesota Corn Growers Association webinar, Kluis Commodity Advisors Managing Director Al Kluis encouraged the audience to operate their farm like a grain elevator. Kluis said grain elevators use the futures market to their advantage. "It's all about managing risk…The Bull Pen: Money Flows Out of Ag Commodities
Published July 8, 2022
The markets have seen a major retracement since the Fed increased interest rates in mid-June. Advance Trading Risk Management Advisor Tommy Grisafi believes the market got spooked and uses cryptocurrency as an example. "Folks in the ag community may think it…Exports Influenced by Strong U.S. Dollar
Published July 8, 2022
The U.S. dollar is at a 20-year highs, slowing global demand for grains. "I think the bigger impact is when we start looking at competing against South America and their production," said AgMarket.Net market analyst Jacob Burks. Monetary policy will…Tough Decisions to Make
Published July 8, 2022
Utterback Marketing President Bob Utterback thinks hedging next year’s crop will be difficult with the lower commodity prices. "December 2023 corn is around $5.47. A lot of farmers think the cost of production will be about $5. With any type…