Markets Articles
Positioning Ahead of June 30 Acreage Report
Published June 20, 2022
North Dakota and northwest Minnesota will likely get extra attention in USDA’s June 30 acreage report. Martinson Ag Risk Management President Randy Martinson says the late spring influenced the crop mix in the region. "We're going to see less wheat, less…Off to Duluth!
Published June 20, 2022
In the next two days, a group of 15 agricultural professionals, including RRFN farm broadcaster Carah Hart, will take a closer look at how grains are handled and shipped at the Duluth Port. Duluth's been a key part of agriculture…Russia Reportedly Exporting Stolen Grain
Published June 17, 2022
Satellite images have identified Russian-flagged ships carrying Ukrainian grain and being transported to Syria. Earlier this month, the leading Ukrainian farm union group claimed 600,000 tons of grain was stolen from the Donbas Region. The photos from the U.S. satellite…IHS Markit Releases Acreage Forecast
Published June 16, 2022
The private analytical firm, IHS Markit, is estimating U.S. corn acreage at 90.9 million acres. That’s up 455,000 acres from its May forecast and compares to 89.4 million acres in the last USDA estimate. The planted soybean acreage is estimated…Heading to London
Published June 16, 2022
Deputy Agriculture Secretary Jewel Bronaugh is leading a trade trip to the United Kingdom this week. Thirty-seven companies and farm organizations will be represented on the trip, including the U.S. Grains Council, U.S. Soybean Export Council and National Pork Board.…U.S. Dairy Industry Applauds Ocean Shipping Reform Act Passage
Published June 14, 2022
National Milk Producers Federation and U.S. Dairy Export Council Executive Vice President of Policy and Strategy Jaime Castaneda says indirectly, the Ocean Shipping Reform Act provides a set of new rules the Federal Maritime Commission will follow. "The FMC will…Ocean Shipping Reform Act Advances
Published June 14, 2022
The Ocean Shipping Reform Act is on its way to President Biden, where it is expected to be signed. This legislation prevents ocean carriers from refusing cargo space for U.S. exports. It gives the Federal Maritime Commission the ability to…What’s Hot, What’s Not in the Markets
Published June 13, 2022
In this week's edition of What's Hot, What's Not in the Markets, Martinson Ag Risk Management President Randy Martinson said inflationary pressure will likely result in a decision by the Federal Reserve Open Market Committee to raise interest rates this…Challenging Prop 12 Constitutionality
Published June 13, 2022
Farm Bureau and the National Pork Producers Council have filed a brief with the U.S. Supreme Court, challenging the constitutionality of California’s Proposition 12. This state law bans the sale of pork that doesn’t meet its production standards, even if…