Markets Articles
Regional Basis Levels Mostly Unchanged
Published July 6, 2022
Cash grain bids at the six regional grain elevators followed by the Red River Farm Network are mostly unchanged for spring wheat. New crop basis ranges from 50 to 80 cents under the September Minneapolis futures. Corn basis ranges from…Recession Fears Carry Over to Grain Markets
Published July 6, 2022
Commodity markets across the board are seeing a selloff. Zaner Ag Hedge Chief Market Strategist Ted Seifried says recession concerns are a driver. "On one hand, if crude oil is down $5, maybe there's discretionary spending. We may see more…What’s Hot, What’s Not in the Markets
Published July 5, 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 expectation of interest rate increases has provided support for the U.S. dollar. At the same time, the stock market…Solidarity Grain Lane
Published July 5, 2022
Ukraine, Turkey and the United Nations are working on a plan to export grain. Ukrainian President Volodymyr Zelenskiy said security must be guaranteed for any ships carrying grain. During yesterday’s news conference, Zelenskiy also said Russia cannot be trusted and…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…